Be aware that there are non-legal services available that can perform your legal real estate transactions, but most of those non-legal services are only there to make a quick buck, are not trained in all aspects of real estate law as they differ from state to state, and aren’t regulated and held to the rigorous standards of a Philadelphia real estate lawyer. Neither do they have insurance to cover damages if they make an error.

Following is a list of some things that your Philadelphia real estate lawyer should do if you are buying a home. 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 hinder your use of it. Prepare and register all the legal documents. Clarify the terms of the mortgage and work with your bank, if necessary, to modify them. Ensure that all the taxes and utilities owed on the property are paid prior to the transaction closing. Be present at the closing and review all the papers you will be required to sign.

Following is a list of some things that your Philadelphia real estate lawyer should do if you are selling a home. Review the purchase and sale agreement, including negotiating its terms. Prepare the deed and power of attorney if necessary. Deal with any title issues that 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.