People often ask the question of whether or not they should hire a real estate attorney when choosing to sell or purchase a home. This question can be especially difficult for many people to answer if they are already represented by a real estate agent. However, the fact is, no matter how many other professionals you may have assisting with your real estate transaction, none of these individuals can take the place of a real estate attorney. Continue reading to learn more about three of the reasons why you should always hire a real estate attorney when buying or selling a home.
1: No Personal Interest
The fact is that even your real estate agent is not completely on your side. This is because, as is the case with everyone else involved in your real estate transaction, your real estate agent has a personal interest in the outcome of this transaction. If you choose not to follow through with the transaction for one reason or another, your real estate agent will not be able to collect their commission. Consequently, they may ultimately choose to encourage you to make a decision that is not in your best interest in order to serve their own personal interest. You do not need to worry about this when hiring a real estate attorney since they have no personal interest in the outcome of a real estate transaction.
2: Avoid Closing Delays
There are a lot of different events that must all be completed in a timely fashion in order for your real estate transaction to close on schedule. For instance, title searches, inspections, and contract reviews must all be completed in a timely manner, otherwise, you could find your closing date is pushed back by several weeks or more. This could ultimately endanger the entire transaction if you are counting on the ability to sell one piece of real estate in order to purchase another. A real estate attorney can help you to avoid this type of situation by helping to coordinate all of the moving parts involved in your transaction and ensure they stay on schedule.
3: Get Legal Advice
While a real estate agent offers a valuable service when it comes to finding a buyer for your home or helping you to find your dream home, these agents are not qualified to provide you with legal advice. Only an attorney can legally provide you with legal advice. This is an extremely important distinction, especially if you do encounter an issue with the sale or purchase of your home and need to explore the legal ramifications of choosing to back out of the deal.
Contact a local real estate attorney to learn more.Share