If you are dealing with real estate, you might be wondering when you need a Real Estate Attorney. Granted, there are some real estate buyers and sellers who prefer doing their transactions without the inputs of an attorney. However, if you decide to go that route you will soon realize the process can be more challenging than it looks. There are many scenarios that require you to hire this category of legal experts
It is advisable to note that the best time to engage this legal advisor is as soon as you contemplate to buy or sell your property; it should be the starting point of the purchasing process. The good thing about using these services as early as possible is that you benefit from legal advice right through the sale. Doing so allows you to avoid costly and time-consuming legal complications that might arise.
There are many scenarios that will require you to engage a real estate attorney. For instance, in case you are selling your property on a For Sale By Owner basis, it makes a lot of sense to enlist the services of this professional. The attorney comes in handy in reviewing the purchase offers that you get from potential buyers.
Divorce is another scenario that calls for the services of a real estate attorney. Think of a situation where both spouses share mortgage of the property and you will see the potential legal challenges that might arise if you don’t have a legal professional to help you out. Attorneys for both spouses can help to negotiate a formal and legal solution to how the mortgage will be handled.
In case you have already commenced to the sale without a real estate attorney legal, it is still not too late to hire one. Remember post-sale problems can arise; this might be due to some undisclosed information about the property. In such a case the right attorney will help you explore the circumstances surrounding the undisclosed information and the legal implications of the situation. What’s more, the attorney will guide you as you seek legal redress concerning the matter.
On the same note if you are buying or selling or leasing commercial property. The attorney will help you review purchase agreements or leases ensuring you don’t fall prey to obligations that were binding to the seller.
In a nutshell, anytime you are dealing with any type of a real estate transaction, it is advisable to have your attorney on board as early as possible. The attorney will guide you through the legal maze governing real estate transactions and thus make your transaction as smooth as possible.