Importance of Having a Real Estate Lawyer with Your Real Estate Transactions
It is not a simple thing to deal with real estate transactions because there are a lot of processes involves like negotiations, documentations, inspections, deals, and others. If you are an ordinary person selling your home and have no experience with it, then these tasks can overwhelm you. Hiring a real estate agent is the best course of action to take because he can help you in these things.
However, there will be legalities and documentation of agreement necessary and if you want these to over overseen thoroughly, then it is a real estate lawyer that you should hire. You have rights as a seller that they can protect. Your real estate lawyer will be your legal representative in engagements with prospective buyers when you are not available.
Your real estate lawyer will give assurance to potential buyers that you have a clean home title and that there are no liens on the property. If you don’t review and address property issues properly, then you might have great problems in the future. If there are details that you will miss, and it becomes an issue on your home, you could be held responsible financially for them. IF you hire a real estate lawyer, this will not longer be your burden, but it is your lawyer’s responsibility to make sure that all documents concerning your property are clean.
All the preparation of paperwork including purchase agreements, terms of contract and other legal forms that need both yours and the buyer’s signature is the responsibility of your real estate lawyer. This will assure you that everything is covered in the paperwork since a legal mind is handling it.
You will also have higher chances of getting the favor of negotiations for terms of agreement when you have a real estate lawyer on your side.
It is good to have a real estate lawyer with you when you are closing your deals. Transfer of security deposits and insurance certificates will be handled by your lawyer. Most of the time transaction closing is done in a lawyer’s office. You will need a lawyer when closing a transaction because you may not know the laws associated with it. With a lawyer, you get protection from any threats that you face during the transactions.
All the paperwork and transaction in real estate engagements are quite complicated. There is a risk of lawsuit for most sellers. You can avoid this by hiring a real estate lawyer who will handle everything properly. He will do everything to eliminate all risks so that the burden is removed off your shoulders.
You can hire a real estate agent to market and sell your house but you also need to hire a real estate lawyer to make the transactions with the buyer hassle and worry free.