New Bern NC Real Estate Attorneys

If you are going to purchase real estate in North Carolina you should hire an attorney to help with your transaction, preferable one that specializes in real estate law. If you do not know of any, your Realtor will be glad to suggest some.

Your attorney can review any offer you make or receive and make sure that your rights are protected and your duties clearly defined.

Further, in N.C. all title insurance companies and mortgage lenders require you to use a lawyer to ensure that, among other things, the title is good, there are no liens against the property, and that the deal will close as anticipated.

If you’re buying a home, your lawyer should:

• Help you understand the purchase contract, including how you will take title on the property.

• Check that there are no covenants, easements, liens, etc. registered against the property that will impede your use of it.
• Clarify the terms of the mortgage and work with your bank, if necessary, to modify them.
• Scrutinize the adjustments, including taxes owing and utilities costs paid, prior to the transaction closing.
• Attend the closing and review all the papers you will be required to sign.
• Arrange title insurance protection to protect you from losses due to title defects.
• Ensure you receive a valid registered ownership subject only to the liabilities you have accepted.

If you’re selling a home, your lawyer should:

• Review the binder and review or prepare the purchase and sale agreement, including negotiating its terms.
• Prepare the deed and power of attorney if necessary.
• Deal with title issues as they arise and help correct them.
• Attend the closing and review all the papers you will be required to sign.
• Arrange for transfer of security deposits.
• Arrange for insurance certificates if needed.

How much does this all cost? Typically, legal fees are higher when you buy than sell because the role of the buyer’s lawyer is more extensive. Most fees range from $650 to $800 for an average home buyer. A seller can expect around $200 in legal fees for a normal tranaction.

Some lawyers charge a flat fee for specific services and others bill by the hour. If you are paying by the hour, make sure you understand what the final cost is likely to be and insist on a regular accounting for charges. Usually, a lawyer can easily estimate costs related to a real estate transaction and his or her fees will only go higher if something goes wrong. Remember, even if your deal does not close, you’ll still owe your lawyer for his or her time.

The following is a list of Attorneys in New Bern that specialize in Real Estate

• Arey Grady-Jimmy Hicks-252 633 3131
• Bobby Strickland-252 636 1064
• Brian Gatchel-252 638 5792
• Ernie Richardson-252 633 2470
• Brian Taylor-252 638 5792
• Steve Bell-252 633 1236

Search for Homes in New Bern and the Surrounding Area
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How much house can you afford to buy? The chart below shows current interest rates. Put the rate in the mortgage calculator to see what your payments would be.