Although many real estate transactions are fairly simple, having experienced legal counsel can come in handy when the unexpected occurs. Having skilled lawyers in your corner can help make some of these situations easier for everyone involved.
Your First Home Purchase Even though you probably have a real estate agent facilitating your purchase, skilled real estate lawyers can spot potential problems before they become bigger issues such as property line disputes and HOA regulations. Contracts lawyers can provide additional review of the purchase agreement and its contingencies. They can also catch any other potential issues and prevent you from signing documents that aren’t in your best interest. Investment Property If you are buying a property that you plan to rent, it is essential to find lawyers who are well-versed in local landlord-tenant law. A seasoned attorney can also advise you on issues such as:
Foreclosed Homes There are risks involved in buying a foreclosed property, and if you are unfamiliar with the process a seasoned attorney can help you deal with and understand those risks. Each local jurisdiction that holds a foreclosure sale has its own laws in place. In some foreclosure sales, homeowners whose properties are sold at auction are allowed to buy back their homes within a set time period. In others, property liens transfer along with the property--meaning that you will have to pay off the liens when buying the property. It is essential to seek the counsel of qualified lawyers who know the ins and outs of purchasing foreclosed properties in your area. Buying Land If you’re purchasing land to build a home or other property, you can often run into issues with zoning, titles, undisclosed environmental hazards, or eminent domain issues. An experienced real estate attorney can make sure you get clear title with no access issues, determine what kinds of structures can be built, and advocate for you if an inspection turns up serious environmental concerns. Short Sales A short sale means that the owner is selling a property for less than the amount that he or she owes on the mortgage. Sales of this type are known to be slow and may fall through fairly often, but can also be beneficial for both the buyer and seller. Short sales provide relief to sellers in financial distress, and buyers reap the benefits of reduced closing costs and other fees. Whether you are buying or selling, hiring a knowledgeable attorney is a must to help speed up the process and avoid the many pitfalls that can arise. When it comes to purchasing real estate, it is essential to have an attorney who is ready to handle any legal issues that may surface during the transaction. Experienced lawyers in Delaware County can help provide smooth sailing through the process. #RealEstateLawyers, #HiringRealEstateLawyers
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Most people call their real estate agent or broker when questions arise. Consulting with qualified real estate attorneys can help you make sure you've got all of your bases covered whether you’re involved in a sale or purchase. Asking these questions ahead of time can help make your life easier.
1. How long have you been practicing? Before you hire an attorney, determine how much real-life legal experience he or she has. Ask how long they have been practicing in your state, find out where they earned their law degree and whether it is from an accredited school. A list of American Bar Association-approved law schools can be found at the ABA's website. 2. How many cases like mine have you handled? The ever-changing field of real estate law can be complicated, so ask if the attorney has handled transactions similar to yours. Choose someone who has kept up with the changing market and is best prepared to protect your rights. Laws can often differ from one municipality to another so make sure your real estate lawyer is up-to-date on local law. You may also want to ask if they specialize in any particular area of real estate law. If you're looking for help with something simple like a purchase agreement, a contracts lawyer may do, but with something more complex like real estate development, hiring a seasoned real estate lawyer is the best path to take. 3. How will you handle my case? Ask the attorney for a brief overview of what they plan to do on your behalf. It can help you determine which attorneys are knowledgeable about laws in your area. Lawyers who are well-versed in real estate law will give you an outline of the actions that need to be taken, such as the filing of necessary documents. 4. Who else will be working on my case? Law firms often assign the initial work on cases to junior attorneys and paralegals. Experienced business lawyers also commonly work on real estate cases. During your initial consultation, ask who will be doing the most work on your legal matter. Make sure you're at ease with that person before continuing. 5. Do you have any conflicts of interest? Conflicts of interest can arise when using a real estate attorney. For example, you don't want a lawyer who regularly does business with the seller's real estate agent or who works for the builder or developer you’re using to build your home. 6. How will you bill me? Most attorneys work on an hourly basis, but may charge a flat fee for something simpler like drafting a purchase agreement. Thoroughly read the retainer agreement in which the attorneys spell out what services they will provide and at what fee. This will help you avoid any unpleasant surprises at closing. Real estate is usually the single largest asset that most Americans own. Hiring experienced real estate lawyers in Montgomery County, PA can help you avoid costly headaches, protect your investment, and allow you to fully enjoy your home for years to come. #RealEstateLawyers, #RealEstateAttorneys, #RealEstateContracts |
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