Experienced Real Estate Closing Attorney in Charlotte, NC Area
Experienced Real Estate Closing Attorney in Charlotte, NC Area
Closing on a real estate deal marks an exciting milestone in your transaction, but it can be overwhelming to undertake alone. Having a real estate agent by your side is helpful, but a non-attorney professional may be unable to handle unexpected legal issues that can arise. To avoid added costs, delays, and other setbacks, partner with an experienced real estate closing lawyer who can guide you at every step of the process.
Bringing more than 20 years’ experience to every transaction we handle, Matheson Law Firm, P.A. is the partner you can trust when it’s time to navigate the real estate closing process. We have handled a wide range of real estate transactions, effectively protecting our clients’ interests as they seal the deal on their purchase or sale!
A real estate closing lawyer at Matheson Law Firm can oversee the entire closing process to ensure it proceeds as smoothly as possible. Our team can assist you with services such as:
Reviewing documents:Many documents need to be completed, signed, and exchanged during closing. From titles and deeds to insurance forms and security instruments, we’ll review everything and resolve any legal issues that may arise.
Providing recording services: Certain aspects of real estate transactions will be public information. Recording is when your deed and/or mortgage is filed with the county, dated, time-stamped, and sometimes uploaded to a website for public access. Recording is vital to prevent ownership disputes. It can also be essential to qualifying for a mortgage. We’ll handle this for you to ensure it’s done correctly.
Receiving and disbursing closing proceeds: The closing is exciting for both homebuyers and sellers. Buyers receive ownership of the property, and sellers take the proceeds of the sale. We disburse closing proceeds to facilitate the process and prevent any issues.
If you’re buying, selling, or refinancing a property, consider these reasons to hire a real estate closing attorney in Charlotte, NC:
Protect your rights and interests: The people typically present at the closing include the property buyer and seller, a real estate broker, and a title closer. It’s also common for attorneys to represent the buyer, seller, and lender. If you’re the only party without an attorney, your rights and interests may be at risk.
Receive legal counsel: A real estate purchase is probably one of the largest investments you’ll ever make, and legal issues can arise at various phases of the process. Matheson Law Firm can provide critical legal advice and support whenever issues may arise — a real estate agent cannot. We can also help you take steps to minimize the risk of legal issues during the transaction process.
Enjoy peace of mind: Whether you have questions about the amount and fairness of closing costs or you want to be sure the deed and security instruments are completed and filed correctly, having a closing attorney by your side will put your mind at ease.
We Work With Real Estate Agents in Charlotte, Huntersville & Cornelius
All great real estate agents know that real estate attorneys are required for real estate services. We will help make this process as painless as possible by ensuring you and your real estate clients are protected from unwanted issues and getting the home closed as soon as possible.
Closing costs are the fees and expenses sellers and buyers pay in addition to the property’s purchase price. They generally range from 2% to 6% of the purchase price and include things like the appraisal, origination, credit report, recording, title search, and underwriting fees, as well as transfer taxes.
How long does it take to close on a house?
The type of mortgage loan the buyer obtains typically determines how long it takes to close on a house. VA loans take the longest, averaging 56 days; FHA loans take 50 days; conventional loans take about 48 days. The “average” time to close on a new home, then, is 52 days.
What happens on the day of closing?
On the day your new home closes, the closing agent ensures all documents are signed and transfers ownership of the property from the seller to you. Funds are transferred from escrow, and the title company registers the new deed in your name. You then get to enjoy your new home!
What will my closing costs be?
There is no clear-cut answer to this question. First off, every law firm categorizes closing costs differently, so it’s hard to compare estimates from one lawyer to the next. For instance, some firms lump excise taxes and past-due property taxes into the closing costs, while others list them in a different category.
Also, be aware that there’s a difference between buyer closing costs and seller closing costs. For instance, buyers pay for attorney’s fees, title searches, title insurance, recording fees, and more. Seller closing costs include document preparation, mortgage cancellation fees, county taxes, unpaid property taxes, and more.
The best way to tell how much you will owe at closing is to review the fee schedule your attorney sends over. Be wary of hidden fees, such as extra charges for wire transfers, title searches, or hourly work that goes above and beyond the scope of a basic closing. Ask about these fees upfront to make sure you don’t end up with any surprises on closing day.
What does a real estate attorney do during a closing?
The job of a real estate attorney is to represent a buyer or seller when handing over the title or deed of a property, thus legally transferring ownership from one person to another. Here are the tasks the attorney handles during a standard residential closing:
Conduct title searches and prepare abstracts of the title.
Review the title commitment, resolve any exceptions to the title, and review the purchase agreement.
Verify the payment of existing loans.
Check for any special assessments and calculate property taxes.
Establish a time and place for the closing, conduct the closing, and make sure all parties meet their legal commitments.
Collect and disburse funds for all parties.
Hold funds in escrow, if necessary, until all commitments are satisfied.
Prepare all paperwork, including settlement statements, mortgages, deeds of trust, and more.
Record the appropriate documents as required by law.
For more FAQs about our services, check out our FAQ page.
Retain an Experienced Real Estate Closing Attorney in Charlotte
Matheson Law Firm is dedicated to making real estate transactions and closings convenient and stress-free. We work with buyers, sellers, realtors, and real estate agents throughout the greater Charlotte, NC, area, bringing experience and professionalism to every closing we manage. We tailor our turnkey closing solutions to each buyer and offer multiple options for document execution, including virtual real estate closings to meet individual needs. When you need a real estate attorney for closing services, we’re the ones to turn to.
Are you looking for a qualified real estate attorney in the greater Charlotte area who can help your real estate closing go as smoothly as possible? Call Matheson Law Firm at 704-439-1350 or contact us online.
Get in touch
Douglas P. Matheson, Attorney at Law
With 20 years of experience in real estate law and closing real estate transactions, I understand your purchase or refinance transaction can feel overwhelming. I am here to provide you with advice, counsel, and peace of mind to help you through the process. Let's keep moving forward together.
