Selling or buying a property is an exciting and life-changing experience but can also be incredibly stressful. That's why many people choose to enlist the help of a real estate lawyer.
A real estate lawyer can help you navigate the transaction's legal aspects, ensuring everything is done properly and that your rights are protected. Here's a look at three main services you can expect from a real estate attorney.
Legal Advice & Guidance
Real estate lawyers provide legal advice and guidance throughout the entire process, from signing contracts to closing the deal. They first draw up the necessary documents, such as an agreement of purchase and sale, ensuring that all legal requirements are met.
They will review documents such as mortgage agreements and explain their terms so that you understand what you'll be agreeing to. This is a big help, as it prevents you from signing any documents that may be disadvantageous to you.
Your lawyer can also explain certain clauses in your agreement in greater detail and advise you on how to proceed. This is especially important if there are any disputes or misunderstandings between you and the seller.
Negotiation & Mediation
A real estate lawyer can also act as an intermediary between buyers and sellers in case negotiations become contentious or complicated. For example, if there is disagreement about the title to the property, your lawyer can help facilitate a resolution.
This is especially helpful during the closing process when any small issues can delay or complicate the transaction. They can provide expert guidance on how best to deal with difficult situations, such as negotiating repairs or deciding who pays closing costs.
Your lawyer will also be able to explain the complexities of certain issues in a way that is easy to understand, making it easier for both parties to come to an agreement.
Title Insurance & Closing Services
Finally, a real estate lawyer can handle title insurance matters, making sure that all titles are clear before closing on a property. They will also handle all of the paperwork related to closing on a property, ensuring that everything is filed correctly and in accordance with applicable laws and regulations.
Here, your lawyer will also review any potential risks associated with the transaction, such as liens or other legal issues that may arise later. They may even review local zoning ordinances to make sure there aren't any potential conflicts later on.
Contact a law office like the Law Office of Steven Kurlander to learn more.Share