The Basics of Real Estate Law

Whether you’re considering a real estate transaction, buying or selling a home, or are in a real estate dispute, you’ll want a real estate attorney who can explain your rights to you. While you may think that you can handle some of the agreements on your own, real estate law covers such a broad range of topics that it’d be difficult to navigate the waters alone. 

Read about the value of hiring a LOCAL attorney!

Buying Real Estate

Purchasing a home is likely to be one of the biggest financial transactions of your entire life. There are tons of questions to ask yourself when looking for a home, such as, “Where do I want to live?” and “What type of house have I always dreamed of buying?” There are so many other topics to consider as well, many of which you’ll need a lawyer for. You’ll need a way to pay for your new home, a deed will have to be prepared and repairs often need to be made prior to closing. Before you sign any documents, you’ll need to protect yourself against potential problems. 

Common Real Estate Disputes

Real estate disputes go above and beyond issues that occur during the buying and selling of property. Construction contracts, defects and problems with a deed or title can affect a buyer or seller. However, there are other areas of property law that you may need a real estate lawyer for as well. Boundary disputes, injuries that occur on property, trespassing, nuisances and encroachments all fall under real estate and property law. Additionally, a common dispute occurs when a homeowner is unable to make one or more mortgage payments, which can potentially lead to a foreclosure. With the help of a real estate attorney, it’s possible that you’ll be able to prevent the foreclosure or at least be allowed to stay in your home until the foreclosure is finished. 

Benefits of Real Estate Attorneys

During a real estate transaction, one slip-up or oversight can cost you time, money and even your property. If you don’t have a real estate attorney on your side before disputes arise, you may be stuck once you do have to face a problem. It’s not uncommon for legal action to be used to remedy a real estate issue. If you don’t have a lawyer working on your behalf, you may be forced to take the advice of the seller or the property agents. Unfortunately, these parties probably don’t have your best interests in mind. An attorney will look out for you, review real estate documents and help you through complicated processes.

Looking for information about estate planning, not real estate? Check out our blog posts on how to make sense of estate planning & choosing power of attorney.

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