Whether you’re buying or selling a home, it’s a stressful process all the same, but it doesn’t have to be that way. Hiring an experienced and knowledgeable real estate attorney is usually the first step you should consider at the initial stages of any transaction involving real estate.
When Should You Hire a Real Estate Attorney?
Conditions that determines if you should consider hiring a real estate lawyer include:
As a Buyer
- If you are buying a home in a new area
- If there are visible damages to the property If you want to resolve pending contract issues
- Evicting existing tenants
- If the house is in a flood or tornado prone area
We can see that as homebuyer there are several things can happen in between transactions, so hiring real estate attorneys can help reduce your risks.
As a Seller
If you’re looking to sell your house, you’ll be glad to have the services of an experienced real estate attorney. But only under the following circumstances.
- Selling the deceased’s property
- If your property serves as a collateral to repay a debt
- If there are physical damage on your property
- If you’re in a divorce process
- If you’ve initiated short sale or foreclosure
As a Lender
Some states require real estate lawyers to be present to oversee the final closing, and so lenders will hire lawyers to represent them. We can’t emphasize the importance real estate lawyers in such circumstances.
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