If you’re looking to purchase a new home, you might never have thought about hiring a qualified real estate lawyer to help you during the process. Although 65.2% of families owned their primary residents in 2013, it’s likely that many of them felt they didn’t need assistance from lawyers when buying their home.
However, there are a few situations that require or can be significantly improved by hiring real estate attorneys. If you’re entering a complicated transaction, are overwhelmed by the process, or live in certain states, you may need a real estate lawyer. Here are just a few situations to consider.
When should you hire a real estate lawyer?
If a situation is complicated or stressful
Although we’d like all real estate transactions to be smooth sailing, the truth is that these agreements can be very complex and taxing for buyers. If you’re buying a home with a particularly complicated set of circumstances attached, you’ll likely want an experienced real estate lawyer to help you. Such circumstances include beachfront, historical, or preserved properties, zoning or land disputes, or rights to oil, gas, or water.
Negotiations can also become complicated if the property seller is in the midst of a financial struggle or if a home is being sold from the estate of its recently deceased owner. Emotions can run high, which can cause buyers to feel forced into making rash decisions pertaining to price or conditions. A lawyer can act as a well-informed mediator who helps both parties through the process and makes sure everyone has a complete understanding of the agreement.
If the property is of higher value
When you’re making a huge investment in a property, you’ll probably want to hire a lawyer to ensure that the state of the home is up to your expectations. Your attorney can help you to insist on a full home inspection and make sure that everything meets your standards. If something goes wrong, your lawyer can also help you to negotiate with the seller. High-end real estate properties are often subject to judgments or liens. Your lawyer can provide you with a proper title search to make sure that you aren’t being saddled with these issues during settlement.
If it’s mandatory in your state
In certain states, it’s actually legally required for buyers to work with attorneys during real estate negotiations. In Delaware, Georgia, North and South Carolina, and New York, you must have a real estate lawyer involved in all parts of a real estate transfer.
In Tennessee, it’s not a legal requirement to work with a lawyer — but it’s still a good idea. With a qualified attorney on your side, you’ll be able to negotiate and make sure that your property is in excellent shape.
If you’re planning on buying a home in the near future, you need the best real estate attorney Maryville TN has to offer. We can help guide you through the process and guarantee you’re making a sound investment. For more information, get in touch with us today!