Why would I hire a real estate attorney?
Whether you are looking at real estate for sale or thinking about selling a property, one of the most important things you can do to protect yourself from potential problems is to hire a real estate attorney. In some areas, the law requires that a lawyer be part of the transaction. If the decision is left up to you and depending on where you live, check out these five reasons why you might want to hire a real estate attorney to handle a property transaction.
1 If you are simply unfamiliar with the real estate process and concerned about successfully completing a transaction, an attorney can work beside you and along with your real estate agent to guide you through a purchase or sale. And, of course, working with a real estate attorney will help keep you from getting into legal hot water.
2 An attorney can make sure you are protected when the home or land in question is in a location that is subject to adverse conditions. If you’re considering purchasing a property in a flood plain or a region prone to strong storms, a lawyer can help.
3 You need additional help dealing with a property under foreclosure or involved in a short sale. A real estate attorney is a great benefit in complicated, sometimes legally worrisome cases.
4 Those who are trying to buy property from a distance, in another region or a faraway town, need someone local help to keep an eye on the situation. It’s all the better if that person is a professional who understands the buying process and the legal issues at hand.
5 If you are buying or selling a property that has several owners, or one that is part of an estate, an attorney can make sure certain things are taken care of in a way that does not violate the terms of the estate or short-change any owners.