Buying and selling property involves several complex issues that confuse many laypeople. So if you plan on purchasing, selling, or renting a commercial or residential property, it’s best to consult a real estate attorney before you enter into any agreements. Here are a few reasons why it is essential to hire real estate attorneys.
When buying or selling property, hiring a real estate attorney cushions you from liabilities. A lot could go wrong during the sale of a property, especially if the contract is not correctly worded.
A real estate attorney will draft the agreement on your behalf, ensuring that the provisions in the contract protect you from liabilities if the buyer finds faults with the property after purchase. The lawyer will shield you from buyers who back down at the last minute.
If there is a dispute between you and the buyer or seller, hiring an attorney could help you sort the issues out. The attorney will also provide you with legal representation if the dispute arises in court. If you live in certain states like Delaware and Georgia, you might need to hire a real estate attorney to close the deal because the law requires it. Check out the video above to gain more insights into hiring real estate attorneys.