Why Hire a Real Estate Lawyer?
It is not really a simple thing to buy and sell residential homes of commercial buildings. Errors in transaction can lead to financial loss, whether you are a buyer or a seller. Only through professional help can you avoid these liabilities and blunders in real estate transactions.
IF you hire a qualified real estate lawyer, then you are assured of protection from these liabilities. Your lawyer will help you understand the details of your real estate transactions and protect you from any potential financial loss.
Sound advice will be given you by your real estate lawyer who is an expert in these processes, even before the agreement of purchase and sale is prepared by your real estate agent. A lawyer can help protect your interest and minimize conflict and misunderstanding during the process. Protect yourself from agreeing to something which can lead to financial loss or potential lawsuit by hiring a lawyer.
Your real estate lawyer can work with the lawyers of the buyer so that there is a timely closure of the transaction and any issues that comes up during the process will be communicated to you.
There are many other ways that a real estate lawyer can assist you. He will review the paperwork and check for errors that may affect your interests. Don’t sign the agreement of purchase and sale unless your lawyer has reviewed it. It is important that the title is clean, so your lawyer should check other documents that may affect it. A buyer’s lawyer will also make sure that the title is clean by completing a title search of the property. A financier’s lawyer will work with the financial institution to coordinate funding and to register the mortgage on title.
There will also be ongoing communications with your lawyer and your real estate agent so that financing and home inspections are completed by the required dates. You lawyer will also address other items such as property taxes, land transfer taxes, and other fees.
With a lawyer’s assistance, you can avoid mistakes that can be overlooked and adversely affect the transaction. Some examples of these mistakes are misspelled names, incorrect numbers and incorrect legal description. You are assured that all these transactions are in accordance with all laws and regulations if a real estate lawyer is there to assist you.
Hire a real estate lawyer with experience in real estate law. They know the processes well and they can quickly attend to and fix issues that may present themselves during the process. This helps minimize financial damages.
Hiring a real estate lawyer is important in any real estate transactions. with a real estate lawyer you are assured of an error-free and on-time closing.