Buying property is a big decision for many people and businesses. It can also raise a wide range of legal questions, which is why it is imperative to have a seasoned attorney by your side.
The Montana residential transaction attorneys at Lee Law PC represents clients in purchases, sales and a full spectrum of other deals. We have a long track record of successful outcomes for the people and businesses that we represent, in part because we take the time to understand each client’s specific needs and craft a corresponding approach.
We handle all aspects of a residential transaction, which includes everything from drafting and reviewing the necessary legal documents to coordinate communications with real estate agents, mortgage brokers, insurance companies and the person or business on the other end of the transaction.
Our attorneys understand how important these transactions are to our clients. We are pleased to be able to guide them through the legal process with experience and personalized attention.
Common Steps in Residential Real Estate Transactions
There are many steps that have to happen before property ownership can change hands to ensure that the transaction is legally valid and that both buyer and seller have some basic protections in place if issues come up after they go their separate ways.
- Contract:Drafting a purchase and sale agreement is a central part of the role of a residential transaction lawyer. This contract encompasses the entire terms of the deal. That is not only the purchase price but also a specific description of the property being purchased/sold and any conditions upon which the agreement is based.
- Title Search:An experienced real estate attorney will also conduct a thorough title review after receiving the title report. The title report determines whether anyone other than the seller has a legal interest in the property, which includes any right of way or access that has been granted on the property, as well as liens encumbering the property that are related to loans or debts. It is vital that everyone involved in the transaction is aware of this information before the deed is signed.
- Title Insurance:Even an exhaustive title search might not always turn up all of the possible ownership and other issues with a particular parcel of property. Title insurance guards against that risk. An experienced residential transaction attorney can also work to resolve these issues through negotiation and litigation, when necessary.
- Closing:A real estate transaction usually culminates at the closing table, after any final inspections and other matters are resolved. Both sides execute the formal paperwork necessary to transfer the property. An attorney is essential to ensuring that the documents are accurate and properly executed.
Speak with a Montana Residential Transactions Attorney
At Lee Law Office PC, our Montana residential transactions attorneys represent companies large and small in a full range of transactions. Our lawyers work tirelessly to protect our clients’ rights and resolve disputes without drawn-out courtroom fights whenever possible.