Many people in the United States live in very difficult times. It might not seem like it to some people, but the simple fact is, for most people, it would only take a couple of weeks or maybe months before they would be out on the street if they lost their job. Many people are not prepared or even able to become prepared to weather a significant financial storm because they do not have the ability to save the money required to do so. Think of it through the lenses of this sobering statistic: in every classroom in the United States, there is one child who is in danger of losing their home because their parents are unable to make the mortgage payments.
In 2013, the Federal Reserve’s Survey of Consumer Finances showed that 65.2% of families owned the primary residence they called home. That leaves roughly a third of all families that have housing either rent their homes or have other kinds of living arrangments. What many of these individuals and families do not know is what rights they have according to the laws of the land.
Real estate law can be quite complicated if you are not a seasoned real estate lawyer. Knowing your rights as a tenant or as a homeowner can be a daunting task if you attempt to act on a complaint or contractual obligation on your own. Real estate attorneys who spend their careers learning the ins and outs of real estate law can help you make sure you are not being taken advantage of by those who look to make money from your ignorance.
A 2013 American Housing Survey concluded that there are roughly 115 million housing units being occupied in the United States. Real estate law covers the rights of all who live in these units, whether they are owned or rented. Seeking legal advice prior to renting or purchasing a property is not only a wise thing to do, it could keep you from being the victim of abuse. That abuse could come in many forms, but in the end, the damage to your financial well-being could be the most severe damage of all.
Real estate lawyers who know what they are doing will have a very clear grasp on what it means for you to be safe in your home. They have studied the law and can counsel you on what you need to know when entering a new home.
If you are trying to sell a home or property that you own, a real estate lawyer can guide you through the process, helping you navigate what you must do for the buyers and what you do not have to do. Sometimes these issues can be negotiated, and it is always wise to have someone who is an expert in the field of real estate show you the way to the best possible outcome.