When you plan to buy a home, you might think you don't need to have legal advice or guidance as it seems pretty straightforward. While you certainly can forgo using a real estate lawyer if you wish, you might find the legal aspect of buying or selling a home can be a bit more complicated than you think.
It's a good idea to hire a real estate lawyer and there are a few reasons why. Here are some reasons why you should hire a real estate lawyer when you buy or sell a home.
Out Of Town Sales Or Buys
If you are moving to a new town and need to buy a house there, but can't always be there in person to finish the purchase, hiring a real estate lawyer to write up the contracts, help with negotiations, and oversee the transfer of the title is very helpful and often recommended.
A real estate lawyer can also help you with a title or property search to ensure the title is clear and the property is able to be sold. Your lawyer can be your representative throughout the purchase and sale of your home as well. You may have had to move early and are still selling your existing home; a real estate lawyer can represent your interests in your absence.
First Time Buyer Or Seller
If you have never bought a home before, it's not recommended you go it alone without legal representation. A real estate lawyer can help you understand the legal contracts before you sign anything. It can be easy to be taken advantage of if you are unsure of what the seller is offering in their contract or what is expected of you during the process.
It can be confusing to some new buyers what costs are associated with the purchase and a lawyer can help you understand that. The same is true if you are selling your home for the first time. A real estate lawyer can help you through the legal process to ensure everything goes as it should.
Divorce Or Estate Sales
There are times when a lawyer can be an absolute must when selling a home. A real estate lawyer can help you through an incredibly stressful time when you need to sell your home due to a divorce where the proceeds are split between spouses. They can also help after a loved one has passed away and their home or other property needs to be sold as part of their estate.
A real estate lawyer can help you navigate during a divorce if your home is paid off, or if there is equity in the home, but it's still being paid off, how the proceeds are divided between you. The same is true for a loved one's estate. There are legal challenges a real estate lawyer can help you through.
Contact a local real estate lawyer if you need services like these.Share
9 November 2021
Although many people don't think of having legal counsel as improving their life, I have found that it has really helped me to feel empowered as a business owner. Without my lawyer, it was really difficult to figure out what I could say and what I couldn't say, and it really made things hard when I was out and about trying to make business deals. Fortunately, after I found the right lawyer, things became a lot more straightforward. This blog is all about improving your life and streamlining your business with the help of a great lawyer. After all, you never know when you will find yourself in court.