Have you decided to take the next step and purchase your first home? If so, you might be considering hiring a real estate attorney to help you through the process. But should you hire an attorney to work with on your home purchase? This article will walk you through who may want to consider hiring an attorney when purchasing a home.
Being a home buyer can be quite confusing when you have to sift through contract after contract, filling out pages of documents. There are many things that can go wrong or have hidden costs if you don’t know what you’re doing.
If you hire a real estate attorney early on in your buying process, he or she will be able to guide you on everything from deciding whether you should use an agent to negotiating with sellers and reviewing contracts.
The most common type of client for a real estate attorney is, in fact, someone who’s trying to sell a home. Selling your house can be an arduous task, particularly if you’re self-representing.
If you’re a landlord, finding a tenant can be tough. If you’re renting out your property and things go sour, an attorney may be able to protect your interests. In addition, many laws change on a state-by-state basis—and a real estate attorney can help navigate these complexities for landlords. Check your local government website for more information about specific regulations in your area.
Whether you own a single rental property or several, a small business owner will tell you that owning real estate is not like other businesses. For example, if you own a restaurant, it’s your job to prepare food and make sure customers are happy.
If you own an oil change shop, it’s your job to make sure customers have their cars serviced. And if you own any other kind of business, well…it’s your job to run that business.
If you’re buying a property to flip or to rent out, hiring an attorney is a good idea. That’s because real estate law differs from state to state.
Whether you’re purchasing single-family homes in Texas or commercial properties in New York City, there are nuances that could throw off your plan. So unless you have a background in real estate law (unlikely), hire an attorney. They can help you ensure your transaction goes smoothly.