Buying or selling real estate is a big financial decision. Along with the excitement comes a lot of stress associated with negotiations, inspections, and closings. Even though it is not required in Florida, it can be beneficial to hire a real estate attorney to make sure your transaction goes smoothly.
Reasons to Hire a Real Estate Attorney
Real estate transactions can be complicated. It is tempting to try to do it all on your own to save some money, but if you are not well informed it may cost you more in the long run. Real estate lawyers can advise their clients throughout the process based on legal implications and other factors. Two main reasons why buyers and sellers hire an attorney is to protect their interests and help them avoid costly mistakes.
- Review fees: A real estate attorney will review the fees associated with your transaction and may negotiate on your behalf if any fees are outside of the norm.
- Protect your interests. A good real estate lawyer will ensure that the transaction is done legally and ethically, and your interests are protected at all times. This includes making sure the contracts are reviewed by both parties before signing and are followed through to completion. If there are any disputes, they will negotiate resolutions, and if legal action becomes necessary, they might even serve as your counsel depending on the situation. Sometimes an attorney will even advise a client on how to negotiate a fair price for a property based on its value and what you can afford.
- Will help you avoid costly mistakes. The laws surrounding real estate transactions are complicated, and they often involve other entities such as investors and lenders. An attorney will know what documents need to be filed and when, ensuring that all deadlines are met. This is especially important for first-time homebuyers who might not be as familiar with the process and laws involved.
Real estate attorneys will guide you throughout the entire real estate process. Their involvement can begin as soon as at the time of negotiation, includes the drafting, signing, and documenting of contracts and all other necessary paperwork, and ends with the closing. Some attorneys even act as title agencies, so an outside entity is not necessary to provide this service.
Although not mandatory, having a real estate attorney can be very beneficial when buying or selling a home. Real estate transactions can be complicated so you will want the legal advice, protection, and peace of mind needed so you don’t end up making a costly mistake.
The Law Office of Donna Hearne-Gousse, P.A. we represent both sellers and buyers with their closing, title, and escrow needs. You’ll also enjoy all of the benefits associated with an attorney-based title agency at similar, and in many cases, lower costs than a standard title company will charge.
The Law Office of Donna Hearne-Gousse
Royal Palm Beach, FL