Buying or selling property is always difficult. You make sure that you have a realtor to help you get the property, and to help everything go smoothly. What you might not make sure that you get is an attorney who handles real estate. You may think that the only person you really need to have is a realtor. After all, they are the ones who do all the work of finding the property you want, or finding a buyer for your property. But, a lawyer is much more important that you realize.
Why Do You Need a Real Estate Attorney?
One thing that an attorney can do for you is to run a title search on the property that you are interested in buying. The title is basically the proof of ownership of the property. It’s all the legal rights to that property. A clean and clear title means that there isn’t anything that could slow down your purchase. However, your lawyer may find that the property has something like a lien on it. A lien is a way to secure a debt against a property. For example, if the previous owner had a problem paying their mortgage, the mortgage company might assess a lien. That would mean that there would be problems with the sale. However, if there is a lien or other issue, an attorney can negotiate between the buyer and the seller to get the lien dealt with.
What Else Can a Real Estate Lawyer Do?
Real estate lawyers are also good when it comes to buying or selling properties long distance. Real estate law does change from location to location. If you are trying to buy property across the country, you may not be familiar with the laws in that other state. A real estate lawyer from that area will know those laws. They will be able to help you make sure that everything is done properly. For example, in the state in which you are buying property, there may be a 3 day waiting period after signing the closing papers. You may not have that in your state. The lawyer will explain those things to you, and help you to negotiate all those differences.
If you are going to buy or sell property, you do need to have a realtor. The realtor will make sure that you get the property or buyer that is perfect for you. But, to make sure everything goes smoothly, use a real estate lawyer like Brandt Law Group.