When you make a financial life-changing decision like purchasing a home, you should hire a lawyer in addition to a real estate agent. Hiring a lawyer when you buy or sell a house protects you in many ways you might not have considered before.
Using a lawyer during this time in your life is becoming more common. In some states in the US, you must have a real estate lawyer to begin the process. However, even if your state doesn’t require it, it’s still something to consider.
Reasons to Hire a Lawyer When You Buy or Sell a House
In Solving Problems That Might Occur Between Buyers and Sellers Â
Everyone hopes that a home sale or purchase goes off without a hitch. However, problems sometimes can and do occur, and in such situations, it is necessary to have a lawyer by your side. For instance, you can make an offer, but suddenly the seller becomes reluctant. Â
They might have gotten another offer for maybe more money after accepting yours and wishes to renege on your contract and pay you more. In this situation, it is then vital that you have a lawyer to enforce what you agreed on.Â
Lawyers Can Help You Avoid Legal Pitfalls Â
There might be various legal pitfalls when buying or selling a house if you are unwary. Though real estate transactions might seem straightforward at a glance, and sales might go through without a hitch, there are times things could go wrong. Â
With an attorney or a family lawyer present, you would be able to avoid any of these legal issues and help you in cases of problems that arise. They help you out with things that can occur before or after a final transaction for the house. Â
When Your Property Has Unique Issues Â
Sometimes buying or selling a house comes with rights of way, easement issues, or even boundary disputes. In such situations, you can benefit from the savviness of a real estate lawyer.
For example, you could have agreed to an easement to allow your neighbor to use your property. A lawyer would be able to help you transfer or unwind the transfer agreement before or while selling. If title issues occur, you might want a lawyer to help you clear the problems or negotiate. Â
Buying a House Â
When you wish to buy a house, the seller will enter a contract with a real estate agent in writing. Then, when they find a potential buyer, they would conduct an investigation and act as an intermediary.
When you reach an informal agreement, you and the seller will enter into a formal written contract. Again, a family lawyer can help you with this. Though this process might seem simple, the consequences might be disastrous if you do not have a lawyer to help you.Â
Needing a Lawyer When You Buy or Sell a House
Hiring a lawyer when buying or selling a house often depends on your personal preference and ability to pay high at the closing. Having a professional lawyer on your side would make the house buying or selling experience smoother. Have you ever hired a lawyer for this? Leave a comment and let us know your experience.
