Why Do I Need a Real Estate Lawyer?
Posted on Nov 4, 2014 11:50am PST
Buying and selling property does not necessarily mean that you will need the guidance of a real estate attorney, but there are many instances where this can be to your benefit. Real estate can be tricky, and having someone by your side to ensure that you are making the best possible decisions is only one of the ways that a real estate attorney can help.
When a Lawyer May Be Better Than an Agent
While some states require that an attorney be present for real estate transactions, there are many other states that do not. Though many standard property agreements generally use the same contract with different blanks filled in, not every transaction will conform to this mold. Further, instances can arise when a real estate agent is not equipped to deal with and will require the use of a lawyer anyway.
A real estate attorney can help if you are buying or selling a property by:
- Reviewing offers and counteroffers to ensure you are getting a fair deal
- Examining the title and other legal documents concerning the property for their validity
- Preparing legal and bank documents for you
- Making sure you understand the terms of the contract
- Confirming the validity of your ownership
Keep in mind that other parties involved in a real estate transaction will likely have their own team of lawyers to protect their interests moving forward. Since their attorneys will be looking for the best possible deal for their clients, going into your own transaction without a lawyer may result in a financially or legally harmful transaction.
If you are looking for a lawyer for an upcoming real estate transaction, browse the directory for an experienced and trusted real estate attorney in your area. Give one a call today to set up an initial consolation and get moving on your real estate!