Good Fences And Not So Good Neighbors: Property Law 101

3 Reasons To Hire A Real Estate Attorney

11 December 2014 by Hunter Moore

Being involved a real estate transaction can be complex. The laws that surround buying or selling property can be difficult to abide by, unless you are guided by a real estate attorney. It's critical to the outcome of the transaction that you follow the rules that are set in your specific location. Knowing the reasons to hire a real estate attorney may motivate you to schedule an appointment with one for the best results.

Reason #1: Closings

Regardless if you are a buyer or seller of a property, there will be a number of documents that must be signed and notarized. It's important to have a real estate attorney look over these to ensure all the terms and conditions are accurate.

Listed below are some of the closing documents:

1.    Purchase agreement – This is the amount that has been accepted by the seller for the purchase of the home.

2.    Seller disclosures – The seller is legally required to list any damages to the property that the buyer should know about before selling it.

3.    Home warranty – The amount of time a home is under warranty and when certain things will be repaired as necessary without additional cost to the buyer. Once the warranty has expired, the seller will no longer be responsible for fixing things in the home.

4.    Home inspection – The home should be inspected by a professional to determine if there are any problems with the property before the buyer agrees to purchase it.

Reason #2: Drafting documents

You may need to hire a real estate attorney to draft certain documents for you. Some of these may include a deed or a survey of the land that you own. Additionally, an attorney can create rental agreements and other types of contracts that are necessary for real estate transactions.

Reason #3: Negotiating deals

A real estate attorney is well-trained in knowing what the actual value of a property may be. This provides this individual with better negotiating skills that the average person may have.

Additionally, the lawyer you select can give you professional advice on the property you are involved with to protect your best financial interests.

Finally, completing a real estate transaction legally will require the assistance of an expert in this field such as Jan E. Beran Attorney at Law. Be sure to retain a real estate attorney to help you complete a transaction of this type with greater ease and accurately at the same time.

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