Buying a home is probably one of the most significant financial purchases you will make and in turn, selling your home is one of the most significant sales you’ll ever make – especially during the new normal of Covid-19. For these reasons and so many more, hiring a real estate attorney is an essential part of the process. It may just seem like another added cost, but it could end up saving you hundreds or even thousands of dollars in the long run. Here’s a closer look.
What do real estate lawyers do for buyers?
A real estate attorney can help the purchase of a new home go as smoothly as possible. They also can advise you during your search for the best home, help deal with brokers, review purchase agreements and write new ones. In addition, they can negotiate a contract, help obtain a mortgage, attend the closing of the mortgage and assist in the transfer of the deed.
The most valuable part of having an attorney when you’re buying a home is during the negotiation process. Most of us who aren’t in the law world wouldn’t know the first thing about what’s legal and what’s not, and what you’re entitled to or not. A real estate lawyer acts as your go-between in this process, simplifying it immensely.
What do real estate lawyers do for sellers?
If your property has any sort of structural issue, you have any liens, you’re splitting assets with a divorced spouse, or are in the midst of a short sale or foreclosure, you need an attorney. It’s especially important to talk with a real estate lawyer if there are any issues with your home, such as damage or environmental issues. Having an attorney on your side during the sale gives you peace of mind that everything was completed with professional guidance.
Hiring a real estate attorney is crucial, whether you’re buying or selling a home. Call our office today, and we’ll help you through the process.