You’ve found a home or building that you love, and you’re ready to buy it; while things may seem straightforward, the reality is that there are a lot of complexities associated with purchasing property.
Most commercial and residential real estate transactions can benefit from the services of a lawyer. Here’s what you need to know about the role of a real estate attorney and the benefits they bring to transactions involving real estate.
What is a Real Estate Lawyer?
A real estate lawyer is an attorney with a law license who has expertise and knowledge about laws and regulations that govern a real estate transaction.
What Do Real Estate Attorneys Do?
Real estate attorneys have the legal experience and knowledge to prepare, review, and adjust documents that pertain to the purchase or sale of a property.
Your attorney will represent your interests when you’re purchasing or selling a home. This means that they’ll review your offer and contract to make sure the terms meet your needs and that the property is suitable for purchase.
For example, your lawyer may make amendments to your offer if the home inspection indicates that the home has problems that you want the seller to repair. They’ll also handle negotiations with the seller to help you salvage the deal.
When Do You Need a Real Estate Lawyer?
Some states and cities require you to use a real estate attorney when purchasing property.
However, even if you’re not legally required to use a lawyer, it’s still a smart decision to hire an attorney when selling or buying a home to make sure the deal is in your best interest.
Or, if your property purchase involves a complex situation, you’ll want an attorney to monitor the transaction.
If you’re involved in real estate litigation, you’ll likely want to hire a real estate attorney to represent you and work to reach an outcome that’s acceptable to you.
How to Work with a Qualified Real Estate Lawyer
Warren S. Dank, Esq., P.C. has experience handling commercial and residential real estate transactions. Contact us to schedule your free consultation.