Many of us take it for granted that we need an attorney when we buy or sell property, but there is actually no legal requirement for us to do so. When you come across a problem buying or selling property, however, this is when you really value having a real estate attorney on board.
So here are 4 reasons why you will be very happy you have a real estate attorney looking after your interests on your next property deal.
Property Lawyers Can Protect Your Rights
Most of us have some idea of our legal rights when we buy or sell property, but this is a real estate lawyer’s bread and butter. They know to the very last letter, exactly what your rights are and they will enforce them, if necessary. This lifts a huge weight off your shoulders, just knowing that you have someone battling for you, if everything turns bottom up.
Property Lawyers Understand Property Law
Your real estate lawyer knows all of the title searches that need to be performed to ensure that the person selling the property has the legal right to do so. They also know all of the legal documents that have to be collected, completed, signed and submitted on time. This is a massive undertaking for most people and a huge learning curve, which isn’t necessary if you engage an attorney.
Property Lawyers Can Save You Money
If the deal falls through and the buyer or seller pulls out or if the seller doesn’t reveal certain problems with the property, then it is important to have an attorney on your team. They can save you lots of money which you could otherwise spend on hiring a brand new attorney and bringing them up to speed on your case. An attorney who is with you throughout the selling or buying process, is the person you need to turn to when problems rear their ugly head, before or after settlement.
Property Lawyers Can Fast Track the Settlement Process
With access to online technology, real estate attorneys can now fast track the entire settlement process, using the new data insolvency software. This helps lawyers to keep track of all the required documents, allows multiple people to access these documents, to complete and sign them and keeps them all in one place. This means that no-one has to keep chasing up documents or people anymore and the whole settlement process can be completed in a matter of weeks, rather than months.
So when you next hire a real estate attorney for your property deal, make sure they are using the new data insolvency software and your deal will be completed in no time at all.