Buying or selling a home comes with a lot of legal responsibilities.
The real estate market is booming more than it has since the housing debacle of 15 years ago. Last year, well over 5 million houses were sold and things are sure to maintain this upward trend coming out of the pandemic.
If you’re looking at buying or selling in the near future, then you need to think about hiring a real estate attorney. In this post, we’re going to tell you a bit more about what real estate attorneys do and why you might need one.
You never want to be in a sticky legal situation with your real estate, so keep reading and you’ll understand how important real estate lawyers can be.
Additionally, it’s worth noting that every state has its own laws governing property ownership transfer. For instance, if you’re in Florida, it’s best to do some research and Google ‘Florida property transfer‘ to ensure you’re well-informed about the specific regulations in your area.
What Does a Real Estate Attorney Do?
There’s a lot of legal documentation that you need to sift through during real estate transactions. A house is the biggest purchase that most people make in life, so having an expert in real estate law present is never a bad idea. Many states actually require a real estate lawyer to be present during the closing process.
Basically, they’re there to represent your interests and go over all of the paperwork during the closing stages of purchase or sale. This might include purchase agreements, as well as mortgage, title, and transfer documents.
When You Need a Real Estate Attorney
You may not feel that an attorney is necessary when you close on your home, but there are scenarios where you’ll want one present. In particular, when disputes arise, like chain of title concerns, lot line issues, or contractual issues, a real estate attorney can help you navigate the proceedings.
It’s also beneficial to have an attorney around if you’re involved in a short sale, just to make sure things are above board. If you’re buying or selling remotely, hiring an attorney to manage various aspects of the sale can be beneficial. Anytime there are concerns with the property you’re buying, it can be a lifesaver to have real estate lawyers around as well.
Finding a Reputable Real Estate Attorney
Finding the right real estate lawyer for your needs is a fairly simple matter. Go on Google and type in, “real estate attorney near me” to see what your options are. Look for law firms that specialize in real estate law and make sure that they’ve got the experience to handle your needs.
Look at online ratings and reviews as well. If you aren’t an expert in real estate law, it can be extremely helpful to consult with former customers to see if the lawyer has dealt with situations like yours in the past.
Create a Smoother Real Estate Transaction
When you find a great real estate attorney, it really takes a load off your mind during a real estate transaction. You can rest easy knowing all of the legal documents are correct and the house you’re buying (or selling) isn’t going to come back to haunt you.
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