Why You Need an Experienced Attorney to Help You Every Step of the Way

In real estate, nothing is done until the keys are transferred from seller to buyer. Between the acceptance of the offer and the final transaction, a lot can go wrong. In order to alleviate some of these issues, the State of South Carolina requires that an attorney be present for all real estate closings. 

At Carolina Coast Closings, our attorneys help ensure a smooth transaction from start to finish. We recognize and anticipate the complexities involved with every closing and work hard to ensure that the process is completed timely and that all issues or conflicts are resolved well ahead of time. If you are buying or selling a home in South Carolina, contact our office at (843) 962-2735 to schedule an appointment. 

5 Things That Can Go Wrong at Closing

Real estate transactions are often complicated and usually involve large sums of money. It is in your best interest to ensure that all potential conflicts or title issues have been resolved prior to closing. A closing attorney can help make sure that you do not run into any unexpected delays or problems throughout the process. 

Problems that may arise during real estate closings:

• Title Issues - One of the most common problems that arise during closing is issues with the title. There may be an existing lien on the property, or the seller may not have the legal right to sell the property. 

Sometimes, the fix is simple and can be completed in a single transaction. In other cases, the issue may be more complex, and it may result in the transaction being canceled. A closing attorney will conduct a title search to ensure that any potential issues are addressed and remedied as early in the process as possible.

• Financial hiccups - Most real estate transactions require the transfer of large sums of money from the buyer to the seller. Unless a buyer is able to pay cash for the property, they will depend on a lender for a mortgage. Unfortunately, lenders can cause delays and end up missing essential deadlines.

• Conflicts of interest - Conflicts of interest in real estate transactions should be avoided if at all possible. If they cannot be avoided, they must be disclosed. A closing attorney can help ensure that all conflicts of interest are declared and resolved, if necessary.
  
• Failures to disclose - Not only do conflicts of interest have to be disclosed, but so do known defects or damages in the home or property.
  
• Inspection problems - Inspection issues are another common problem that comes up during the purchase and sale of real estate. Inspection problems can delay a closing and cause headaches for everyone involved. 

If you are planning to buy or sell a residential property in South Carolina, you need to work with a closing attorney. It is required by state law that an attorney be present at all real estate closings. However, you are now able to complete virtual closings, making it easier than ever!

Contact Our Office to Learn More 

Are you planning on buying or selling property in South Carolina? Contact our office at (843) 962-2735 to schedule your in-person or virtual closing today.