4 Reasons Why a Real Estate Attorney is Essential When Buying or Selling Property

Although some homeowners choose to go through the process of bidding or purchasing homes on their own terms, there is a myriad of reasons why retaining a real estate attorney is required. Real estate attorneys ensure all of the necessary proper steps are taken to ensure you are getting the best deal for the property you are interested in without losing additional money through the process.

Covering Potential Changes and Additions Made to the Home During the Selling Process

If the seller of the property you have bid on or made offers on has recently made additions to the home, consulting with a real estate lawyer and professional can help to put your mind at ease in regards to legal steps that may be required to take in order to secure a current deal you have in place.

Conducting a Thorough and Up-to-Date Inspection on the Home for Sale

Real estate lawyers also work with home inspectors to review the home's current state and condition to verify it is suitable for the price you are bidding on or offering for the property, rather than utilizing a third-party inspector who may miss some of the more important aspects of a property (ranging from insulation to ventilation).

Potential Conflicting Interests Between Buyers and Sellers

If there are potential conflicting interests present between buyers and sellers, real estate lawyers also act as mediators to guarantee your sale is valid and goes through without additional legal battles.

Ensuring the Closing Process Goes Smoothly

If the seller of a home chooses to not go through with the process, having a lawyer on your side is a way to expedite any legal action that must be taken in order to ensure you do not lose money on the deal. In some cases, legal assistance may help to refute the seller's option of taking the home off of the market depending on current selling status and how far along you are in the process of purchasing the home and obtaining the deed.

If you're looking for a business planning or real estate lawyer, contact Fakhouri Law Group today. 

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