If you’re planning to buy a home, deciding what type of mortgage to take out, or going through any other home-related process and you don’t know the law entirely – it’s probably a good idea to hire a real estate attorney. A good real estate attorney can provide you with more than just legal advice – they can serve as a powerful advocate, making sure your interests are always represented. Here are five situations where you may need to hire a real estate attorney:
1. You’re planning to buy a home
The process and paperwork involved in buying a home can be daunting, and if you’re not familiar with the law it can be easy to make mistakes. A real estate attorney can help you understand the contract, negotiate with the seller, and make sure that you’re getting the best deal possible.
2. You’re taking out a mortgage
Mortgages are complex financial products, and it’s important to make sure that you understand all the terms before you sign on the dotted line. A real estate attorney can help you understand the mortgage documents with all of their legal jargon, and make sure that you’re getting the best interest rate and terms possible. Without an attorney, you may be inadvertently signing away important rights.
3. When you’re unsure about the zoning regulations
If you’re planning to buy a property to develop it, you need to be aware of the zoning regulations in your area. Zoning regulations are put in place by local governments to guide and control development. Stone & Sallus can help you navigate the zoning regulations in your area, and get the approvals necessary to move forward with your development plans.
4. When you’re buying a property in foreclosure
When you’re buying a property in foreclosure, there are a lot of potential pitfalls. The previous owner may have damaged the property, there may be outstanding liens against the property, and you may not be able to get a clear title to the property. When you seek the help of a real estate attorney, they can conduct a title search to make sure that there are no outstanding liens or encumbrances against the property. They can also help you negotiate with the previous owner to make sure that any damage to the property is repaired before you take possession.
5. When you’re selling a property
If you’re selling a property, several legal issues need to be addressed. The contract needs to be drawn up correctly, and all of the necessary disclosures need to be made. Many states have specific laws governing the sale of real estate, and a real estate attorney can make sure that you comply with all of the applicable laws.
These are just a few of the situations where you may need to hire a real estate attorney. If you’re involved in any type of home-related transaction, it’s always a good idea to consult with an attorney to make sure that your rights are protected.