Purchasing a home is one of the biggest financial transactions that you can make, so it is important to protect your best interests. Real estate agents are an incredibly valuable resource when buying a house, but they are not qualified to give legal advice pertaining to real estate laws. While it may require a financial investment upfront, hiring a real estate attorney to represent you while buying a home can actually save you money in the long run, and ensure that every aspect of the buying process is done properly. There are many reasons to hire a real estate attorney, such as:
Custom Contracts That Protect You
Many real estate transactions use pre-written form contracts, but a generic contract may not be the best option for your situation and it may not include important clauses and stipulations that ensure that your real estate purchase goes through smoothly. When you work with a real estate lawyer, you can rest assured that the sales contract will outline every detail of the sale, and all of your wishes and conditions will be included while also being legally binding.
Assistance With Buying a Short Sale or Foreclosed Property
Buying a short sale or foreclosed property can be a great real estate deal, but these types of purchases can be a lot more complicated than a normal real estate transaction. An experienced real estate attorney will know the ins and outs of purchasing these types of properties, and he or she will be able to act of your behalf when working with the bank to make sure that your interests are represented and the sale closes smoothly. A good lawyer like Iannello Anderson will be able to negotiate with the bank to help you get any needed repairs before closing while also helping you understand any obscure terms an conditions presented in the sales contract.
An Objective 3rd Party View
A good real estate agent will work hard on behalf of his or her client, but the fact of the matter is that your real estate agent has a financial interest in the sale closing. A real estate lawyer is an objective 3rd party who is solely there to ensure that the entire process of buying a house works out in your favor. Your attorney will be able to review all contracts, documents, and addendums line by line to make sure that everything is above board and not written in a way that can be problematic for you in the future.