Real Estate Closing Attorneys Serving Clients in Pasco & Hernando Counties
Why Choose Us for Your House Closing?
When searching for a real estate closing attorney, you should select one with the training and experience needed to effectively advocate on your behalf and protect your interests. That’s exactly what you can expect from the skilled team at The Lyons Law Group, P.A. Here are just a few reasons why you can feel confident having us handle your house closing:
- We’ve been serving this community since 2008.
- Unlike general practice firms, we focus on real estate law.
- We can handle the entire house closing process from beginning to end, and we won’t rest until your closing is complete and you’re satisfied with the results.
- We understand that closing on a house can sometimes feel overwhelming, so we’ll go above and beyond to relieve your stress and ensure that the process is as easy and convenient as possible for you.
- We pride ourselves on having perfect closings every time, and the buyers, sellers, realtors, and brokers who work with us are consistently blown away by our attention to detail and high level of customer service.
Take the Next Step With Your House Closing
Contact The Lyons Law Group, P.A., today to request a free initial consultation with one of the experienced real estate closing attorneys on our team. We have offices in New Port Richey and Spring Hill, making us a convenient choice for residents of Pasco County, Hernando County, and other areas of Tampa Bay.
Frequently Asked Questions (FAQs)
Below are some of the questions that our real estate closing attorneys regularly receive from clients who are closing on a house.
What Happens During a House Closing?
During a house closing, the seller transfers title to the buyer, officially making the buyer the new owner of the property. The parties usually meet at an office, where a closing agent guides them through signing the necessary paperwork, transferring funds out of escrow, and paying any applicable mortgage and title fees. The amount of time needed for a house closing can vary, but cash transactions can usually be completed in about half an hour, while financed transactions often require one to two hours.
What Are Closing Costs?
Closing costs are fees that are paid to a mortgage lender on closing day for their services and any expenses they’ve covered, including appraisal fees, home inspection fees, property and transfer taxes, and title search fees. Closing costs are paid in addition to the price of the property and usually come to about 2% to 5% of the loan amount (click here to receive a personalized estimate using our closing cost calculator). Buyers typically pay the majority of closing costs, but they can attempt to reduce their share by requesting seller concessions.
What Is Title Insurance?
Owner’s title insurance protects the buyer from financial losses that they could potentially sustain due to title defects, such as outstanding judgments or liens, back taxes or assessments, flawed public records, documents forged by the seller, or proof that the home was sold without the knowledge and permission of someone with an interest in the property. Although title insurance terms can vary, carriers usually pay any required compensation to the wronged parties and reimburse the buyer for any resulting legal fees. Buyers generally aren’t required to purchase an owner’s title insurance policy, but it’s often a smart idea for them to do so. If you opt to purchase title insurance, you’ll likely have to pay a one-time premium at your house closing (as opposed to regular monthly payments).
Do I Need to Hire a Real Estate Closing Attorney?
Unlike some other states, Florida doesn’t require that attorneys be involved in real estate transactions. However, it’s still a good idea to hire a real estate closing attorney who can make sure that you’re not overlooking any important documents or waiving any rights. Florida allows attorneys to serve as title underwriters, meaning that they can perform the same services as a title company (e.g., issue title insurance, hold escrow, and prepare the documents required for a title commitment). Plus, unlike standard title companies, attorneys can also represent their clients in negotiations, provide legal advice, and prepare other legal documents required for the sale (e.g., contract amendments, occupancy agreements, and bills of sale for personal property). And because Florida sets title insurance rates by statute, attorneys don’t have the option to charge a higher amount.
Is There Anything I Should Avoid Doing Before My House Closing?
When determining whether to approve a mortgage application, a lender examines the buyer’s income, employment history, savings, investments, debts, and credit score. To increase the chances of having a mortgage application approved, buyers should avoid making large purchases, paying bills late, requesting credit limit increases, and opening up new lines of credit.
