Buying or selling a property brings with it a flood of emotions. From the excitement of finding a place to setting down roots or moving on to a new location, to the apprehension of ensuring that you are getting the very best for your hard earned dollar, there are a lot of things to consider. While a real estate professional may be able to help you choose the best property for your family, they are not always aware of the legal intricacies of the real estate process from both a buyer’s and seller’s perspective. Having a real estate attorney on your side is a great way to ensure the process is handled in your best interest.
- Real estate transactions are complicated – There are a lot of details that go into a real estate transaction. Buyers need to be aware of any concessions as well as contract contingencies. In addition, if the property you are considering is a leaseback or short sale, there are additional things you need to be aware of that could impact the transaction. An experienced real estate lawyer will help you understand all the terms of the real estate contract and make you aware of any risks that could hinder the process.
- Legal issues with the property – In addition to the property purchase terms, there are additional things that could have a dramatic impact on the property sale. These might include unknown property liens, zoning restrictions, property easement requirements or issues with the property title. Each of these could have a profound effect on your real estate investment. A qualified attorney will help you understand each of these and determine the best options moving forward.
- Move negotiations forward – If the deal seems to be faltering, your real estate attorney can assist you in finding options to save the proceedings and get things back on track.
- Legal ramifications – If the real estate sale ends on a sour note or starts to move in a contrary direction, a trusted real estate attorney can assess your options to determine if you should consider further legal recourse to enforce your rights.