For many Americans, buying a home is a rite of passage. In fact, 65.2% of families owned their primary residence in 2013, according to the Federal Reserve’s Survey of Consumer Finances. But while the majority of us want to own a home, the process isn’t always smooth sailing. That’s one of the reasons why working with a real estate lawyer can be beneficial. An experienced real estate lawyer has the legal experience and training to guide you through complex negotiations and alleviate stress. Let’s take a closer look at some of the circumstances in which having assistance from qualified real estate attorneys will help when you’re buying a home.
- Complicated Sales
While most of us would wish for simple sales, that’s not always the reality. For instance, if you’re buying beachfront, preserved, or historical property, these laws can be rather complex. Or if a piece of land has been prone to zoning or usage disputes in the past, you may want a lawyer by your side. In addition, some properties may entail legal discussions involving access to oil and gas. These issues are notoriously complicated, so you should definitely hire a real estate lawyer to ensure any conflicts or claims are settled prior to your purchase.
- Avoiding Vague Terms
Many real estate brokers will use standard forms that won’t cover every issue. This can be a major headache if a non-outlined problem should arise. In some cases, not having a specific agreement can result in the seller being responsible for paying a brokerage commission even if a sale doesn’t occur! Whether you’re buying or selling a property, a real estate attorney can keep these situations from happening and negotiate both sellers’ and agents’ rights.
- High Value Properties
If you’re buying a property of extraordinarily high value, working with a real estate attorney can be critical. Your lawyer can help to ensure the property is exactly how it should be by negotiating certain terms and the necessity of a full home inspection. Your attorney can also negotiate with the sellers if any problems come up. Because high-end properties are often subject to liens or other financial complications, your lawyer can also make sure that none of these issues pass on to you once you buy the home.
If you’re looking to buy or sell property, you need experienced attorneys in Maryville TN. For more information or to set up a consultation, please contact Garner and Conner today.