In a jurisdiction with centuries-old property, it is advisable to seriously consider engaging a Washington DC closing and title insurance lawyer to assist with your transaction. While you’re not required to use a lawyer during your transaction, it is your option to choose. You should choose who you trust. A title attorney can make a difference in preventing disappointing and costly mistakes. Since Washington DC doesn’t mandate the use of an attorney, some people wonder why they need to hire one for the closing. Here’s a look at why you should consider hiring a Washington DC closing & title insurance lawyer rather than rely on a title company solely.
The Role of Your Real Estate Attorney
Unlike a title company, which primarily serves the interests of the title insurer, your real estate attorney is directly accountable to you. When you engage the services of a legal professional such as Zaharevich Law Office, their main objective is to advocate on your behalf and safeguard your rights during the transaction. The title company, in contrast, is mainly concerned with generating the required documents for the title insurer to complete the deal.
Title Companies Don’t Give Legal Advice
The representatives at a title company typically do not have the legal training or otherwise must remain neutral. As a result, they are barred from addressing legal queries that may arise during the transaction. Contract issues and title transfer questions, which can have tax and other legal implications, are beyond their purview. An attorney can guide you through such complexities. Without legal guidance, you may find yourself navigating potential challenges alone, creating unnecessary risks.
Cost Savings in the Long Run
While you may think hiring a title agent is more economical, Washington DC law standardizes closing costs, making it equally cost-effective to hire an attorney. Furthermore, an attorney offers the added advantage of serving dual roles—both as your legal counsel and as a title agent. This can often lead to cost savings since a single professional manages multiple facets of the transaction. In contrast, a title agent lacks the capability to offer legal advice or representation, meaning you’d still need to hire an attorney if any legal issues surface, thereby potentially increasing your overall costs.
Navigating Real Estate Transactions Without Agents
The Changing Landscape of Real Estate Services
With readily available online resources like market trends, comparables, and financing options, both buyers and sellers are increasingly forgoing the traditional route of hiring real estate agents. The perception is that the value added by agents has diminished due to this freely accessible information.
The Imperative Role of Real Estate Attorneys
Choosing to proceed without a real estate agent amplifies the importance of legal representation in the transaction process. Complex issues often arise, from understanding the purchase agreement to dealing with non-permitted modifications to a property. Legal counsel is essential to navigate these issues and ensure a smooth and compliant transaction.
Additional Services and Expertise
Our firm provides the added benefit of a connected in-house title company specializing in title and closing needs, offering a wealth of experience to meet all your real estate requirements. Hire an influential team to keep your transaction out of hot water.
Contact a Washington DC Closing and Title Insurance Lawyer
If you’re involved in a real estate deal as a buyer or seller, it’s prudent to engage a Washington DC title attorney specializing in closing and title insurance as early as possible. Taking this step can help you avoid potential challenges and could also be cost-effective in the long run. To discuss how Zaharevich Law Office can assist you, reach out to us to arrange an initial consultation.