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By all means hire a residential real estate attorney. The legal consequences from mistakes occuring during the buying process can lead to some major headaches. An attorney who specializes in residential real estate will review your contract, work with your mortgage loan officer, and make sure that dates are set for home inspections, mortgage commitment and other contingencies.
An attorney will also review important documents, including the deed, legal descriptions, mortgage loan documents, and title. The attorney you select should also attend your closing.
Only an experienced professional, who is closely familiar with these documents, can catch problems that will save you future expenses to correct. It's good to have someone experienced looking out for your legal interests.
Costs for an attorney can vary. Some attorneys charge a flat fee from contract to closing and others will charge an hourly rate. But, before proceeding, ask for a retainer agreement that outlines the attorney's charges and responsibilities in detail.
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For Sale: $39,900