Buying a home is an exciting occasion, and for most people, it’s the biggest purchase they’ll ever make. Due to the rules and regulations involved, it can also be one of the most confusing. Even if the state doesn’t require it, hiring a real estate lawyer makes sense for the reasons below.
One of the biggest benefits of hiring an attorney is that the buyer or seller has someone to represent their interests. Most real estate lawyers combine their services for discounted fees. For instance, many lawyers who also have real estate licenses can act as an agent while protecting the client’s interests.
Peace of Mind
Some real estate agents know how to solve problems on the fly, and they excel at contract negotiations. However, they can’t make legal judgments. When someone hires a real estate attorney, they get a powerful negotiator with legal experience, which can provide additional reassurance during a purchase or sale.
Solving Complex Problems
When a complex issue arises, such as a partnership purchase or a probate case, a real estate attorney’s help can prove invaluable. These lawyers are well-equipped to handle issues with HOAs, and they can review contracts to ensure fairness on all sides.
Many real estate lawyers are closely affiliated with title companies, and some work as title agents. Find an attorney who can act as a closing agent; this saves time and money while providing reassurance that the property is free of judgments, liens and other encumbrances.
A Lesser Risk of Legal Action
Hiring a real estate attorney is not a legal requirement in some areas. However, without a lawyer’s help, a buyer or seller is more likely to be sued by the other party. Title issues and home inspections require full disclosure, and it’s the attorney’s job to protect the client’s interests while keeping them compliant.
As mentioned earlier, it’s not always a legal requirement to hire a real estate attorney. However, like in other legal cases, a lawyer can provide advice, advocacy and courtroom representation. Call today to learn more or to schedule a free consultation.