Buying and selling property is often one of the most significant financial investments you will ever make. Hiring a real estate attorney can help legally protect you from unexpected complications and can be advantageous for several reasons.
Real estate attorneys are well versed in the legal aspects of real estate, are able to communicate each step of the buying and selling process, and advocate for you should any problems arise.
Whether you are purchasing or selling property, a real estate attorney can serve many important functions throughout the process, such as:
- Examining the property title and arranging title insurance coverage
- Communicating with the lender and all other parties involved
- Ensuring all requirements and conditions are met
- Drafting, reviewing, and negotiating contracts
Why You Should Hire a Real Estate Attorney
Because a real estate transaction is often a large investment, it can be challenging to see things objectively. A real estate attorney, however, has no personal interest in the outcome other than ensuring you (their client) gets the best, fairest deal possible whereas other parties involved have a financial interest, such as earning a commission from the sale.
Buying or selling property is a financial transaction, which means there are required contracts and signatures. Lawyers are trained to dissect the fine print and comb through contracts, looking for any potential issues.
Real estate attorneys have an in-depth understanding of the law and are familiar with these types of contracts and real estate jargon, which makes them able to identify any unforeseen situations and complications.
Ultimately, they can help ensure your needs and best interests are met and protected. For example, if the property has an illegal structure, termites, lead paint, asbestos, etc., your attorney will be able to better understand and explain the terms of the contract and propose modifications accordingly so that you avoid purchasing a property that has costly defects.
The most substantial benefit that hiring a real estate attorney can give you is peace of mind and confidence knowing that you have an experienced and independent professional who is looking out for your best interests.
Hiring a Real Estate Attorney to Help You
Your real estate transaction will be governed by the purchase and sale contract. An experienced real estate attorney can communicate and modify these often complex contracts accordingly so you can have a smooth closing free of legal complications.
At Apfelbaum Law, we want to help make the sale of property simple for you. Whether you are purchasing or selling a property, contact us today to learn how we can help you with your real estate transaction.
