Things Your Real Estate Lawyer Wants You to Know
When you become involved in buying or selling real estate, it's always a good idea to consult with a real estate attorney. Many people make the mistake of working with an attorney who specializes in fields outside of real estate from referrals.
Here's the real estate legal advice to keep in mind when venturing into home deals:
- Understand State Laws In some states you must work with a real estate attorney for closing home deals, while in other states it is not required. Find out if your state requires attorneys to prepare contracts. Regardless of the requirements, a real estate attorney can help you navigate through the complexities of real estate law and make sure that the terms meet the law.
- Avoid Waiting to Contact a Real Estate Attorney As soon as you decide that you want to buy or sell a home, you should contact a real estate attorney, before signing a contract. By reviewing the contract upfront you can avoid big problems over disagreements down the road. Proper real estate legal advice can prevent misunderstandings from happening.
- Benefits of Hiring a Real Estate Attorney A real estate attorney can provide real estate legal advice that a common realtor is not allowed to give. This advice is particularly useful if it deals with special terms in the purchase agreement. An attorney is also useful in preparing advice on property taxes or if you are only selling part of the land that you own.
- Secure the Title Finally, your real estate attorney can make sure that the title transfer occurs smoothly and that the terms are fair and clearly understood at the time of purchase.
Contact Keating and Lyden when you are ready to begin developing a strategy for buying or selling real estate.
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