When you go on a hiking tour, you’re given a guide to help you get the most out of the experience. They are familiar with the path, the terrain and the features to look out for. Even the most adventurous person needs guidance in unfamiliar territory. The same is true in the real estate market. Instead of going it alone, you need to work with an expert real estate attorney for the best experience and outcome.
So, what exactly do you stand to gain from working with a real estate attorney? Wouldn’t it be cheaper to just do everything on your own? Well, there are more considerations to be made.
Real Estate Lawyers: An Overview
Many states require that a real estate attorney be present at a closing. Even if your state does not require it, you might want one there for you.
A real estate attorney will review all of the paperwork in advance of the closing on your behalf and advise you of any problems or omissions with the documentation. At the closing, the attorney will represent your interests.
Most real estate lawyers charge by the hour for their services, although some charge a flat fee. The lawyer will advise you of this fee up front. Read more at Investopedia…
You can avoid many errors and unnecessary repercussions with a good attorney. In fact, with their insight, attorneys can spot a raw deal where you could possibly miss it.
To be precise, when buying a home, the stakes are even higher. This is probably one of the major lifetime investments you’ll make. So, you wouldn’t want anything going wrong.
When you’re buying a home, you’ll likely come across a lot of words and phrases that are brand new to you.
If you have no idea what people are talking about when you’re going through the home buying process, you’re likely going to feel confused and overwhelmed.
If you have an attorney on your side, they can help to simplify the language others are using and help you get a better handle on what’s expected of you as you go about buying your home.
They can also help you avoid agreeing to something that you don’t actually want or making a decision that’s not in your best interest because you didn’t have a thorough understanding of what someone else was saying. Read more at Fernald Law Group…
A real estate transaction can be very complicated. You can relax in the knowledge that your attorney will read through every word of the fine print to ensure that you’re getting the best deal possible.
When you are selling property, your attorney will see to it that the path is clear for the transaction to be completed. This is especially important in circumstances such as these below:
Liens: If there are outstanding liens on your home, an attorney can help resolve those issues and clear the path to closing. They can communicate with the title company to make sure all lien holders get paid correctly.
Joint sale: If you are selling a home with someone other than your spouse, an attorney can help you keep both your best interests in mind. As mentioned before, an attorney for each party ensures both sellers’ interests are prioritized.
Short sale: Because your lender is agreeing to let you sell your home for less than you owe in a short sale, there are extra hoops to jump through. An attorney can help you navigate the complexities.
Estate sale: If you inherited the home you’re selling, hiring an attorney to sort through ownership documents can ease the burden, which is especially helpful when you’re grieving the loss of a family member.
Working with a great real estate attorney is extremely advantageous. Whether you are buying or selling property, contact Meek Law Firm’s Jonathan Meek, one of the top real estate attorneys in Charlotte, to discuss your needs. Call (704) 848-6335 or use the contact form on the website to schedule a consultation appointment. We look forward to hearing from you.