As with any other type of legal representation, there are many different reasons why you might want to consider hiring a Real Estate attorney. Whether you are a homeowner or an eager renter, there could be a lot riding on your decision. Let’s walk through some significant ways legal representation can benefit your real estate investment. Why you might want to get real estate legal representation
You’ll have someone familiar with the law in your corner
This is likely the most obvious benefit of hiring an attorney. When it comes to real estate, there are a lot of different laws that come into play. There’s much to keep track of, from zoning regulations to contract law. An experienced attorney can help ensure that all of the paperwork is in order and that everything is being done legally, which can be important for both your protection and that of the buyer or seller involved.
You’ll avoid costly mistakes or oversights
A huge part of why having an attorney is important is that it’s so easy to make a mistake when doing something as complex as buying or selling a home. These mistakes can be costly at best and downright damaging at worst. When you spend money hiring an attorney to do your legal paperwork, you’re able to avoid some of the major issues such as
- Failing to pay the state taxes or fees due on a real estate transaction.
- Failing to get the appropriate permits or licenses for a real estate transaction.
- Negotiating an unfair deal for yourself when you’re selling your home or an unfair contract with your buyer.
- Failing to obtain the proper insurance for your home.
Conduct searches for liens and titles
When you’re looking to buy a home, there are many different things you’ll have to check into to make sure that it’s not a junker. A lot of people go about the search without ever going through the proper channel or without checking for liens or other issues on the property before they sign off on it. While this is certainly a risk, it is one that you can easily avoid with proper legal representation. The lawyer will be able to help you conduct a search and find out whether or not there are any liens on the property if the owner is behind on taxes if they are in the proper position to sell their home, etc. These things may seem like small details, but they can make a huge difference in your investment.
You’ll have someone who will work for you
While hiring a lawyer to do your paperwork may seem like you’re going to spend a lot of money – and this is often a concern – it’s also worth noting that you’ll be saving yourself money in the long run. Hiring an attorney to help you with your legal documents is going to ensure that they are handled properly, which will save you potentially costly penalties or problems down the road. If you represent yourself, on the other hand, there’s the potential for you to make costly mistakes or oversights.
To find a licensed and experienced real estate attorney in your area, visit our website stonesalluslaw.com. and have a look at our services. You can also visit our blog for more information on real estate law.