What does a real estate attorney do?

 

In certain states of the US, you can’t sell or buy a residential or commercial property if a real estate attorney is not present. For example, if you live in Kentucky or Georgia, you might need to spend some bucks on a real estate lawyer.

Spending money on an experienced and licensed real estate attorney can help you to avoid breaking state laws while buying or selling a real estate property. Even the silly mistakes in the documentation could delay your house closing. Real estate attorneys don’t only draft error-free property documentation but also do the due diligence in finding authentic buyers for your residential or commercial property.

Who is a real estate lawyer?

A real estate lawyer is a licensed professional who knows the basics, rules, and all the regulations relating to real estate transactions. Real estate lawyers help the realtors, buyers, and sellers in understanding real estate contracts and other legal documentation.

Real estate attorneys also deal with mortgage fraud, zoning issues, illegal property, fake real estate papers, etc. Real estate lawyers are experienced in overseeing the titles and deeds of transfers. This allows you to verify whether a residential or commercial property has a restrictive covenant, alien, or any other legal issue.

Real estate lawyers work for both, real estate corporations and individuals. Whether or not you should hire a real estate lawyer depends upon your state and the terms you are trying to set with the other party.

What can a real estate attorney do for you? – Real estate lawyer services

Here are some of the services that real estate lawyers offer:

Handle real estate transactions

A competent and licensed real estate attorney is efficient and knowledgeable when it comes to the regulations and rules of any real estate transaction. The real estate attorneys explain everything to their clients, including the inspections, appraisals, negotiations, leases, contracts, or any other legal process.

They also answer all the queries related to the process. Other than that, they revise and draft the documents, such as the purchase agreement before closing the deal.

Your real estate attorney might even review your papers to ensure that the documentation protects your interests and rights.

Arrange real estate title insurance

Getting title insurance is necessary when investing in a commercial or residential property. Real estate lawyers arrange the title insurance to protect your rights. Note that home insurance and title insurance are two different things. The title insurance covers all the expenses or damaged that might have occurred before the purchase.

Protect your interests and rights

Real estate attorneys perform the duty of safeguarding your rights and interests as well. You can trust them to check the authenticity of real estate documents. Moreover, they ensure that you’re not falling into legal traps with the deal.

With a real estate attorney, you could be sure that what you are signing up for is 100% authentic. Another duty is to negotiate the terms and conditions of the real estate transaction. However, it might involve other lawyers, brokers, and third-party developers.

Handle real estate foreclosure proceedings

Foreclosure proceedings regarding the residential or commercial properties happen far from the city/your location. Therefore, it is best to hire a real estate attorney so he could handle the court proceedings for you.

 Provide legal representation

Sometimes, legal issues when buying or selling a property are inevitable. Apart from protecting your rights, real estate attorneys offer legal advice on complex property issues such as injuries, trespassing, and encroachment.

Conclusion

If you want legal protection and peace of mind when closing or opening a real estate deal, hire a licensed real estate lawyer and make your life easy.