It’s not always as simple as it may seem to buy or sell real estate. This is in part because real estate transactions are governed by a variety of rules that differ from state to state. In fact, in some states, the closing of property transactions must be handled by a qualified real estate attorney.
Agents frequently advise hiring an attorney in a number of complicated situations, even if you aren’t required by law to have one. Although neither party to a residential or commercial real estate transaction in Florida is required by law to retain a real estate attorney, doing so has undeniable advantages. We will cover a few of the benefits below to highlight how and why you should consider obtaining a qualified real estate attorney.
What is a Real Estate Closing Attorney?
A real estate attorney is an individual who has the legal authority to prepare, examine, and evaluate all the paperwork associated with the sale and purchase of real estate. A closing attorney’s job is to assist his/her client in achieving the best possible result when purchasing or selling real estate.
Value Added Throughout the Transaction
More than simply conducting research and preparing paperwork, a real estate attorney can provide valuable guidance throughout your real estate journey.
Only licensed attorneys are allowed to offer legal services in Florida, such as drafting and evaluating contracts, and explaining their implications, informing parties of their obligations under an agreement, and defining the numerous deadlines to which each party is subject.
A Florida real estate attorney’s ability to frequently serve as an escrow agent for the earnest money deposits that the buyer is obligated to make under the terms of the contract, in addition to giving legal counsel, is another advantage of hiring one. This not only inspires confidence in both parties but also enables a prompt termination of the contract in the event of a dispute.
Having a real estate closing attorney by your side can be a helpful asset when making a home purchase. In addition to representing you at closing, an attorney can safeguard your interests, offer helpful legal counsel, and assist you in moving the purchasing process along without delays.
Why Should You Consider Hiring a Real Estate Closing Attorney?
Hiring a real estate attorney has many benefits such as:
- They represent your interests and protect them.
- They ensure the process moves forward without any delays.
- They will provide legal advice and outline your best legal options.
Additionally, contracts and disclosures related to real estate transactions are necessary. These documents are frequently extensive and contain a wide range of terms, obligations, and responsibilities. A real estate attorney will guide you through these complex disclosures and contracts so that you are informed of your responsibilities and duties as a buyer or seller of real estate property.
In short, a real estate attorney is there to look out for your best interests and to help save you money.
Let Us Help You Have a Successful Real Estate Experience
Buying or selling real estate is a major undertaking with many potential pitfalls. In fact, if you’re like most people, it’s the largest purchase you’ll ever make, which is why having proper legal support is important. That’s where consulting a real estate attorney in Florida can have a direct impact on your real estate transaction.
If you are buying or selling residential or commercial real estate, Apfelbaum Law can assist you throughout the process, all the way to the closing table. Our attorneys will walk you through every stage of the closing procedure to ensure that you have a stress-free and enjoyable experience.
Whether you need assistance with a residential or commercial closing, or have questions about any potential legal matter, please contact Apfelbaum Law for a consultation.
