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Home > GPS Law Group Blog > 4 Duties of a Real Estate Closing Attorney

It’s finally closing time! Whether you are a buyer or seller, no doubt this is the day you have been eagerly awaiting. But will everything go smoothly? A knowledgeable real estate closing attorney can help to ensure that it does. There are four helpful duties a real estate closing attorney performs:

  • Prepare contracts
  • Compile information about the property
  • Execute a title search
  • Review all documentation

Before we get into these duties, let’s discuss briefly what a real estate closing attorney is.

What Happens at Closing and What is a Real Estate Closing Attorney?

Real estate closing refers to the process of finalizing the transfer of property ownership from the seller to the buyer. This usually includes signing documents, transferring money and the property’s title, and recording the transaction with the local government.

The main purpose of real estate closing is to ensure that all parties involved are legally protected and that the sale goes through as planned.

A closing attorney is responsible for planning and monitoring a real estate transaction’s closing and completing the proper documentation. In some states, having a real estate attorney during closing is required, and North Carolina is one of them. At closing, a buyer, a seller, and a lender can all have their closing attorney.

4 Things a Real Estate Closing Attorney Does in North Carolina

  • Prepares contracts. Your real estate attorney will draft the initial contract if you are the seller. For the buyer, the real estate attorney will negotiate the terms and add necessary stipulations to ensure the contract works in your best interests at closing time.
  • Compiles information about the property. A closing lawyer will conduct research on your behalf on issues such as homeowners’ insurance, HOA policies, and home warranties.
  • Executes a title search. Your lawyer will do a title search on the property, which entails looking through property records to check that the seller owns the property and has the authority to sell it, as well as that it is free of liens and other issues that may delay the sale.
  • Reviews all documentation. Before you sign anything, your lawyer will go over all the closing documents with you to make sure everything is in order and that you understand all the terms.

Experienced Real Estate Attorneys in North Carolina

Closing time can be intimidating for buyers and sellers due to the complicated legal processes. Everyone wants to be sure they are getting the best deal. The experienced real estate attorneys at GPS Law Group are prepared to work with you to explain the process and ensure everything goes smoothly. Our attorneys are knowledgeable in all aspects of real estate law, and they will offer you the best service possible.

Call us anytime during the selling process at 704-549-1950. We will be happy to meet with you in person or over the phone to discuss your requirements. GPS Law Group’s real estate attorneys proudly serve Charlotte, North Carolina, and the surrounding communities.