Are you thinking about buying or selling any real estate properties? If so, investing in assistance from a professional real estate lawyer is a smart idea. A real estate lawyer is any lawyer who specializes in the wide range of legal matters regarding real property; including sales, purchases, leasing, escrow, closing, settlements, contracts, and any other aspect of real estate law.
To help you better understand the functions of a lawyer for real estate dealings and when you should consider hiring one, here are three common areas of practice:
For real estate matters, real estate lawyers can act as closing agents who coordinate the entire purchase and sale process for a piece of property. A closing agent/lawyer is responsible for making sure that all documents are processed and recorded properly, that all funds are properly disbursed, and the purchase and sale is successfully concluded according to all applicable real estate laws and according to the mortgage lender’s or bank’s instructions. These laws can vary depending on your location so it is important to find an expert lawyer in real estate. Some real estate lawyers specialize in being a closing attorney, sometimes also called a title attorney.
Any real estate purchase, especially transactions involving over a million dollars, is a complex and highly sophisticated transaction with a variety of legal documents that are best handled by a skilled real estate lawyer. Finding a lawyer for real estate affairs can be difficult so make sure you do your homework before making your choice. You don’t want to end up with a real estate lawyer who doesn’t have your best interests in mind!
A good real estate lawyer can help ensure you get the full value of your property and receive payment in a timely manner. Your property is a real estate investment and you should take every precaution to benefit from property sales. While there may be fewer matters for your real estate lawyer to handle in a sale, they are nevertheless critical for ensuring that your sale is handled properly, including verifying appropriate insurance, arranging security deposit transfers, and reviewing (or preparing) documents requiring your signature.