Many people work their whole lives to fulfill the American dream of owning their own home. It is important to be sure you know everything you need to in order to get through the process without having any legal issues arise.

The process begins with deciding where to purchase your new home and ends with the final financial details (the closing). Often finding a suitable attorney to help you with all of the details in between can save you a lot of frustration and heartache during the process.

Where to Buy

The first major decision you have after choosing to buy a home is where you want to look for one. There are several factors you should consider before making any decisions. Whatever your reasons to relocate are, here are some things to consider:

· Are you moving for a job transfer?

· Are you retiring?

· Are you making a lifestyle change?

· What public transportation is available and how long will your commute be?

· What reputation do the schools have?

· Are there recreational facilities?

· What is the cost of living in the area?

These are just some of the questions you want answered before considering any new location.

Financing

When opting to finance a new home, there are different types of mortgages to consider. Fixed and adjustable rate mortgages, 15 and 30 year mortgages, conventional, FHA, VA and no document mortgages are the more common types available. It is important to talk to different mortgage companies and find out what they offer. Each type of mortgage has its own advantages and disadvantages.

If you opt to work with a mortgage broker, be sure you have the following questions answered to your satisfaction before signing anything.

· What is their experience and are they licensed (if necessary in your state)?

· How much will they cost you?

· How will they be paid for their services?

· What are the details of your agreement with the broker and is it all in writing?

· What is the interest rate in the final contract?

· What are the payment terms?

Using an Attorney

If you choose to hire an attorney, be sure they are experienced in real estate law. You are not required in any state to use a real estate attorney, but in some cases it is customary to use one in real property transactions. However, should any problems arise during your buying process, it is recommended that you consult with a qualified attorney before moving forward or signing anything.

Some situations in which you may be wise to contact an attorney are:

· The house has an illegal addition or unit attached to it

· There are tenants living there

· There are problems with the title to the property

Avoid any conflict of interest by refusing to rely on the seller’s or seller’s agent’s legal advice.

Where to buy and how to finance are only two of the decisions you will be required to make when purchasing a new home. There are down payment and insurance issues, inspections, repairs and closing details involved as well.

Whether this is your first or fourth purchase, you would be wise to contact a real estate attorney to help you with making decisions that will affect your future.