Not sure if you should hire a Hollywood, FL, real estate lawyer for your real estate transaction? You are not alone. Many people have heard of real estate attorneys, but they aren’t sure how these legal professionals can benefit them during a real estate transaction. By learning more about the roles of these legal professionals you can make a decision regarding whether or not you should retain this type of counsel to assist you with your purchase or sale.
Are you buying a home? If so, you probably already know the importance of hiring a real estate agent to assist you with your transaction. But, when should you consider hiring an attorney? There are several ways that a real estate attorney can assist you, especially if you have decided to purchase a home without representation. An attorney will go over the details of the contracts that are part of the purchase. An attorney will also help you understand the legalities surrounding the transfer of the home’s title. In some cases, a title may be tainted or carry additional liens that can affect the sale of the home. An attorney will be able to advise you how situations like this can best be handled and whether or not you should consider withdrawing your offer and looking elsewhere. An attorney will also be available to attend the closing with you to make sure everything goes as planned.
Home buyers do not need an attorney as much if they have a real estate agent working side by side with them. However, if you are planning on purchasing a home without an agent you should consider legal representation.
Many home sellers want to keep as much of the money they make on the sale of their home as possible. For this reason, they often choose to avoid listing their property with a real estate agent. This can be a risky move because if you are unfamiliar with the laws surrounding property transactions you could end up losing a lot of money or being unable to sell your home at all. A real estate attorney can help sellers that are adamant about not handing over a five percent commission to a real estate agent.
In cases like this attorneys can provide you with the necessary paperwork you need for your transaction. They can draw up contracts and draft sales and purchase agreements. They can help you deal with issues that may arise during the transaction such as inspection concerns and buyers that break a contract; as with buyers, real estate attorneys attend the closing with you to make sure that all goes as planned. They can also arrange for all monies necessary for closing to be transferred.
Hiring an Attorney
When you decide to hire an attorney ask around for referrals. Referrals from friends and family can help ensure that you will find a legal professional that is well-equipped to handle your real estate transaction. Don’t discount the importance of having a qualified Hollywood, FL, real estate lawyer by your side at all points during your real estate transaction.