2. Closing: You need an attorney to close your transaction. Only an attorney can give you legal advice at closing. The attorney you select as your closing agent will coordinate with your lender, collect the signed deed and other necessary papers from the seller, collect your money and the loan money, prepare a closing statement showing all of the costs of the transactions, and, once all documents are signed then “close” the transaction by recording the deed and paying the sellers their proceeds, as well as writing checks for all payments on the closing statement.
3. Timber: Timber Sales are an important part of our practice. Land owners ordinarily should hire a timber consultant to assess their timber and its value. Timber can be sold by sealed bid sale, auction sale or direct negotiation with a timber company. The sales price is the major issue. Ordinarily it is paid in advance before the timber is cut. The land owner also needs to consider the length of time the timber buyer has to cut and remove the timber, requirements to maintain roads and restore roads used for logging to original condition and possible damage to fences, crops and farm animals. The timber buyer should be required to follow best management practices of the Virginia Department of Forestry in harvesting the timber and should also provide proof of insurance. The owner also needs to consider reforestation and getting the next crop of timber growing as quickly as possible. An experienced attorney can help you with your timber sale.