What is a real estate attorney? In most states, the term real estate attorney refers to a lawyer who is an expert in all matters concerning real estate and who helps people buy, sell, lease, manage, and improve real estate properties. A real estate attorney generally receives a fee for negotiating and closing the transaction, while other real estate lawyers usually charge by the hour. Some real estate lawyers even perform multiple other functions related to real estate such as overseeing properties for their owners, collecting rents, collecting capital, and acting as a guarantor for loans.
Why would I need one? If you are selling a home, or if you are buying one, you may need one soon. There are many reasons why a real estate attorney is needed, including: being short changed on money because of a real estate deal gone bad. Another reason why you may need one is if you’re going to do a short sale. If you are going to perform a short sale, it’s important that you understand everything about it first.
What kind of help does a real estate attorney give me? A real estate attorney can offer many useful services. The first thing they can do is review all documentation related to the property. If there are any errors, or if there are things that don’t add up, the lawyer can save you from a lot of trouble.
Can I work my own deal? A real estate attorney can help buyers and sellers negotiate all of the details of real estate transactions. This includes preparing all the necessary paperwork for closing, and reviewing it with you. The lawyer will help protect your rights as a buyer or seller and will ensure that the closing is performed properly, and on time.
Can I do all of the buying and selling on my own? No, but you can make things much easier on yourself by hiring a real estate attorney. There are many people who have done their transactions without hiring someone, and have ended up making mistakes that they’re not equipped to handle. If you’re going to be buying or selling in the state of New York, you’ll want to know what you can and cannot do in each situation.
So what can a real estate lawyer do for you? When you’re buying a home, it’s almost impossible to know every little detail of home buying, so it’s best to have someone who’s been through this process before help you out. Whether you want to close a home purchase, sell a property, or enter into some kind of transaction, a real estate lawyer can make things go smoothly, and prevent complications.
