Many people who want to buy or to sell a home have hired a real estate agent to help them, and they are wondering whether they should also hire a real estate lawyer. If you are wondering the same thing, here are 8 things a real estate lawyer can do for you.
1. Real estate lawyers can draft legal documents
The process of buying or selling a property involves many documents. Real estate agents can help you fill out these documents properly, but if you need specific documents to meet your needs, you will have to hire a real estate lawyer to draft them for you.
2. Real estate lawyers can help you handle negotiations
When you need to negotiate the terms and conditions of a real estate deal, a real estate lawyer will help you make the most of these negotiations. They have experience with different types of real estate transactions, and you can trust their knowledge and their skills.
3. Real estate lawyers can review your transaction
In some cases, you would only need to hire a real estate lawyer to review your transaction for you. The real estate lawyer will then review the different documents and the contract you have signed, to see if they can spot any potential legal issue.
4. Real estate lawyers can make sure rules have been respected
You can’t possibly be aware of all the rules and regulations regarding homes for sale in your area. Before you close a deal, a real estate lawyer will verify that all the necessary inspections have been performed properly on the property you are interested in.
5. Real estate lawyers can warn you about potential issues
If there is any issue with the documents of your real estate transaction, or with the property you are interested in buying or selling, a real estate agent will explain you what the issue is, and will provide you with some helpful advice.
6. Real estate lawyers can help you deal with foreclosure
Some real estate lawyers specialize in mortgage foreclosure, and are representing borrowers. If you ever have to deal with foreclosure, having an experienced real estate lawyer on your side will make things much easier for you.
7. Real estate lawyers can protect your interests in court
Most real estate transactions don’t end up in litigation. However, when something goes wrong, it can become necessary to go to court. In this kind of situation, a real estate lawyer will help you file a lawsuit, or will work to protect your interests in court.
8. Real estate lawyers can answer your questions
Real estate law is complex, and buying a home for the first time can be an intimidating experience. This is why speaking with a real estate lawyer can help you feel more confident. Real estate lawyers can answer your questions, and provide you with some helpful advice to make sure you will be making the most of your transaction.