Legal Jargon Overload
LEGAL JARGON OVERLOAD
When you buy a home, the closing attorney (SC is an attorney state for real estate) will make you sign stacks of papers, affidavits and documents filled with legal jargon. Most of these documents relate to establishing your identity (for legal and tax purposes), transferring the deed, making sure you are not a terrorist and formalizing any loans and mortages.
Depending on personality, some buyers are anxious to get out of there and get their keys (so they sign all the paperwork as fast as they can without even reading it) while others are extremely cautious, detail-oriented and want to read every sentence before signing (and find it very frustrating to have to read these documents at the closing table, while causing everyone else to sigh in resignation!)
It is important to be aware of and understand all the paperwork you sign. Although “closing packages” from lenders often arrive at the attorney’s office at the last minute, most of the documents you’ll be signing are standard - you can request copies in advance from the lender and the attorney so you can read them at leisure, in order to feel comfortable signing quickly at the closing table.
Plan ahead! Your REALTOR can also help you...
At The Alan Donald Real Estate Team we anticipate many of these issues and prepare our clients accordingly - to avoid last minute surprises and headaches.
Call us at (843) 900-0155 to use us for your next real estate purchase!