Real estate law governs the buying, using and selling of land. It also involves legal actions of transferring property from one individual to another. The legalities of such a transaction can be complex in some ways. There are various aspects of real estate law such as titles, deeds, zoning, among others. The law may state that for any purchase or sale to be justified, it should be done in the presence of an attorney. Whether you are a buyer or seller, attorneys like Messina Law Group can help you by looking out for you and protecting your best interests. You will benefit from the legal counsel offered by the attorney because of their vast knowledge of real estate law. Which are the areas where you might consider hiring a real estate attorney?
During commercial real estate projects
Whether you’re selling or buying property, it’s good to have a real estate attorney by your side. In case the transaction doesn’t proceed smoothly, the attorney can be helpful when problems arise. They can prove the facts because they were by your side taking note of everything as the transaction was ongoing.
Land that has easements
Property that has easement on it dictates that another individual has a right to use that land. A real estate attorney is knowledgeable and they can review the easement and advise you accordingly.
Issues with purchase contracts
When the property or home you’re purchasing includes anything that you consider out of the ordinary and could lead to legal battles down the line or even complicate your purchase, an attorney can help:
- In reducing the complexities of your situation by helping you out where there are contractual issues
- Outlining how your contract is different from the standard property purchase
During tenant/landlord disputes
Whether you are currently renting or are a landlord, it is a having a good real estate attorney by your side who you can turn to whenever issues arise is recommended. An attorney understands how the law works. They can help you navigate the provided lease terms and negotiate a favorable outcome that will work for both parties.
Foreclosures and short sales
If you’re facing foreclosure, having a real estate attorney with you might be a good idea. The attorney will review all the paperwork and advice you on the available options. The attorney can also spot errors in the paperwork or foreclosure proceedings and help make a case for you to keep your property.
In a short sale, a lender will allow you to sell your home for less than what you owe them on their loan. The lender will then release you from the lien after receiving the proceeds of the sale. You should consider hiring a good real estate attorney to review your paperwork and ensure you’re getting a good deal.
Hiring an attorney when undertaking a real estate transaction is not a legal requirement in most states. However, they can be a great addition if you’re looking for a good deal. They can also be handy in giving you legal counsel and representing you in case of a legal issue, among others. This will provide you with great confidence when purchasing or buying a home/property.