I buy a house to ask a lawyer? If the cash to buy a house to wait long to get the key? inter prices I pay what fees

The sale of real estate is a big thing for ordinary Americans, this may be a sum over the number of their life's biggest trading, because most buyers will spend the next several decades to pay housing loans. Real estate transaction process involves many legal details, need professional help. America 50 states, each state law, real estate law state is not the same. So Americans buy a house not to save a few money but not to the lawyer.

For those not familiar with the American foreigners law to buy a house American, advise you to ask local real estate lawyers, they only do real estate business. An irreplaceable role they play in the sale of. If you don't know how to ask a lawyer, you can ask your real estate agent, they have business relations with the real estate lawyer. They can give you recommend several, you choose one of them. The Boston area real estate attorney general charge in 500 to $1000. The general is to complete the transaction before paying. If because of various reasons the termination of the transaction, do not collect fees the general counsel.

Lawyers play these roles in real estate transactions:

1. Sales contract (Purchase and Sale Agreement)
2. Property Survey (Title Search)
3. Complete the delivery (Closing)
4. Customer service registration (After the Closing)

The following are expounded.

A: contracts of sale. This is the first step in the work of lawyers. In order to protect their own interests, the seller and the buyer have their own agent, also have their own lawyers. Including the buyers and sellers, a total of six people here. Through both brokers help, both in the contract of sale price and conditions have reached an agreement. The first step then the lawyer began, lawyers for both sides have already reached an agreement in legal language and words to make a contract. Through this contract, the two lawyers to help employers understand they will sign the contract in the responsibilities and obligations of both parties, legal consequence of breach, etc.. Then based on the signature at the agreed.

Two: property survey. Only when both sides signed the contract for the sale, the second step to lawyers began. Registry of deeds (Registry of Deeds) investigation of property right. Review the property report, review the real estate certificate. If the property is a heritage but also to local heritage register Survey (Registry of Probate). The deed registry and heritage register is over to the county, each of the houses is a registered in there. Each of the houses of the transaction history has been recorded, some can be traced back to one hundred years ago.
Property investigation is to ensure that the seller has full house property, but also legitimate trade.

Three: the completion of delivery. The seller and the buyer, and their lawyers, and sometimes also includes both real estate brokers to sign. Then the property survey. The buyer's funds in place, the seller is completely out of property. Signed documents include title, loan book (the buyer), loan repayment (seller), land and water coal surface delivery etc..

Four: customer service registration. Update the archive when lawyers to property registration office to update records the new owners name and other legal documents, including registration customer service vendor payment certificate. The buyer after about two weeks can receive the title after the update.

If the cash to buy a house to wait long to get the key?

In signing a contract for the sale of about two weeks to get the key. This is the time required for lawyers to do property survey.

If all goes well for two weeks to get the key. But the results of the survey may be unclear property rights (cloud on title), for example: the seller and the co owned property; perhaps the seller a lawsuit in the body, the property is mortgaged, the court did not allow the sale of. These problems must be resolved to sell. Then the lawyer will help each other to solve the problem of property right, but need more time.

In addition, property survey also can reveal some of the right to the use of constraints. For example, people have the right to the side of the lawn channel that real estate as the owner, you have no right to stop, this is the easement (rights of way). For example, you may have others easement (easements), you can use your left side neighbor's backyard trail. All these indicate that in the property right, but don't check is not know. When you are pleased with oneself buy a house than the same cheap house, more need to understand the property, whether there are restrictions on the use of. Have the right to restrict the use of real estate in the future will be more trouble selling.

With the exception of prices I pay what fees?

In the Boston area you are about to pay prices 1.5% - 2% for transaction costs, including attorney's fees, property insurance, property rights registration fees, the estate tax, and the first phase of property charges, insurance etc.. Note, the buyer agent cost is the seller's.

The main role of the lawyer, interpretation of legal provisions in the procedures for the sale, peer legal paperwork and the opposing lawyer. In the law to fully protect the interests of employers. Remember, the lawyer line contains many special, you will find in the real estate business is a local professional real estate lawyer.

Why buy a house to please the broker?

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Hope this article will help you in your real estate investment decision. If you or a family friend please contact me in the greater Boston area near the sale of the housing.

He Siyuan.He_siyuan@yahoo.com

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