Whether it is a question of buying or selling home, most people go for calling their agent or broker.
But it is a smart way to consult a real estate attorney when the case is little risky or complicated.
The complications may be dispute with the home owner’s association, noise from neighbours, recording issues engaging your deed (ex. An easement or violation) or mortgage (ex. Mortgage fraud or a lien).
An experienced lawyer can help you to avoid common problems with a sale or purchase of property like error in public records, illegal deeds, missing heirs, forgeries, undiscovered encumbrances, unknown easements, boundary or survey disputes, undiscovered wills or false impersonation of previous owner.
Lawyers understands the difficulties that business owners go through in regards to commercial real estate transaction and are there to protect your interests, whether through contract preparation, legal advice, aggressive negotiations or in the courtroom.
The most important document in the transaction is the purchase agreement.
Although you can get standard printed forms but a lawyer helps in explaining each and everything and makes changes wherever required. There are number of issues that a lawyer handles such as document drafting, negotiations, transaction reviews, litigation and foreclosure.
Duty of Lawyer
One of the most important duty of a lawyer is to review and if required prepare the file of documents required. The examination of documents that a buyer sets with real estate agent is done by the attorney.
Why hire real estate lawyer?
Possibly the most vital reason to be represented by an attorney is conflicting interests of the parties. The individual lawyers of both the parties will serve their client’s interest. Your attorney will take care of the things like title of the house i.e. they check that the title to the home is clean in terms of easements, lean and other hindrances. Your attorney will help to transfer the title and tell you how to do it.
A lawyer will also help in money regarding issues. He can help you in setting up the payments, transfer of funds from one source to another.