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Real estate is a solid investment for many reasons, including value that traditionally appreciate over time and the opportunity for supplementing your income with rental income. 

When buying an investment property, you should hire a lawyer with experience handling real estate transactions to protect your interests and make sure the sale of the property satisfies any legal requirements. Here are some of the benefits of using a commercial and residential real estate attorney. 

A Real Estate Lawyer Can Prevent Issues from Indefinitely Stalling Your Sale

Unfortunately, issues can arise after you make an offer that will bring the sale to a halt. Perhaps there’s a dispute over the property’s borders, or maybe the property has a lien on it. 

The average property buyer doesn’t have the experience or legal expertise to handle these issues in a timely manner. A  residential and commercial real estate attorney has in-depth knowledge of real estate laws and can work to ensure that these issues don’t prevent you from purchasing the property. 

An Experienced Attorney Can Provide Expertise Throughout the Sales Process

A lot can happen after you make an offer. You’ll likely want a property inspection and if you’re financing a portion of the purchase, your lender will require an appraisal and title search.

An attorney with experience in real estate law will provide guidance and advice to handle any issues that arise. Any advice they give will have your best interests in mind.

For example, if your property appraises for less than expected or if the appraisal reveals unexpected issues, your lawyer can help you renegotiate the terms of your deal. 

A Lawyer Makes the Buying Process Easier and More Convenient

By outsourcing any legal tasks to your attorney, you’re removing a few items from your to-do list. This gives you more time and energy to focus on your investments.

While you may be capable of locating forms and filling them out, a lawyer is likely to be more efficient at completing the necessary tasks. 

Consult with a Commercial and Residential Real Estate Lawyer

Need the guidance of an attorney with real estate law experience? Call Warren S. Dank, Esq., P.C. at 516-364-2469 for a free consultation!