You might think that you don't need a Real Estate Lawyer, but in fact, the answer depends on the type of transaction you're making. While you don't always need a lawyer at the beginning of a transaction, having a legal advisor on hand during the transaction can help you avoid complications at closing. In addition, some states mandate the participation of a real estate attorney at a closing, although this isn't always the case. In those states, closing agents are used instead of attorneys.
When you're buying a home, for example, your real estate attorney will review all the documents and legal paperwork pertaining to the transaction. These include the home purchase agreement, title insurance policy, mortgage documents, and transfer documents. Your attorney will also arrange for title searches, ensuring that you have sole ownership of the title. Your lawyer will make sure that all of these documents are accurate and fair. Ultimately, your Real Estate Attorney is your best friend during this process, so don't skimp on this important step.
You might need a Real Estate Attorney if you're buying a home in a difficult neighborhood, or if you're buying a distressed property. Even if you don't need one, a real estate attorney can help you protect your investment, negotiate with the seller, and make the process as smooth as possible. This is because a lawyer can protect your interests, including the legalities of the transaction.
