Hammond, Indiana, Residential Real Estate Lawyers
The purchase of a home is the largest investment most people will ever make. At Efron & Efron, in Hammond, Indiana, our real estate attorneys have been helping people realize their dream of home ownership for more than 60 years.
Experienced Indiana Real Estate Lawyers
The contract to buy or sell a home, often called a purchase offer or purchase agreement, may be the largest money contract you will ever sign. As a result, a prospective homebuyer or seller should take all precautions possible to make sure that the deal concludes smoothly and correctly. Although many people close without the services of an attorney, there is an inherent risk to doing so. As with a trip to your family doctor, a little "preventative law" can stave off many a disastrous affliction. Unfortunately, once the sale is closed, undoing the damage that has been done becomes exceedingly difficult, if not impossible.
If you have a real estate agent, he or she will sometimes prepare the purchase agreement using a preprinted form. This form may not be sufficient to meet your needs and expectations. An essential clause of any purchase agreement is an inspection clause. Unfortunately, inspection clauses in preprinted forms often times simply do not afford adequate protection. You should be mindful of the fact that the purchase agreement presented by the real estate agent may not necessarily be prepared with your best interests in mind, because the ultimate interest of many real estate agents is to close the deal and earn a commission. Because the purchase agreement will determine virtually every term of your agreement to buy or sell, you should be certain that you are fully protected. Before signing any purchase agreement, you should seek legal counsel.
Once the purchase agreement has been finalized, we can describe the particular real estate closing process likely to be followed in your closing. We will discuss the mortgage process and the timetable for the mortgage commitment, and when and how the deal will be closed. If necessary, we will assist you in removing exceptions to the title policy. We will help you explore the many different financing options for real estate sales including buyer financed mortgages, assumable mortgages, conventional mortgages insured with PMI, and various kinds of government guaranteed mortgage programs. We will review with you all of the costs and expenses of the closing including real estate commissions, mortgage closing costs, title insurance, survey fees and legal expense, and assure that these expenses are properly assessed. We will review surveys, title commitments, and deeds to ensure that you receive your real estate free and clear of encumbrances.
Contact our Indiana Real Estate Lawyers
If you have any questions about purchasing a home, condominium, townhouse, or any other residential real estate transaction, please contact the Indiana real estate attorneys at Efron & Efron. Our lawyers can be reached by phone at  931-5380, by e-mail, or by filling out the intake form on our Contact Us page.