Even though using the services of a lawyer can easily increase several thousand dollars to the cost of a real estate business deal, it's a lot money well spent. Read below benefits when hiring attorney and find out how a lawyer will help you close the deal and the consequences that may end up costing a lot of money.
Here are benefits when hiring a Real Estate Lawyer:
Contracts
Attorneys can do that by not only discussing on your behalf, but also making certain that the contract abide to all state laws as well as discuss any specific issues that might affect the future use of the property.
Addressing Rights
Another important service that attorney carry out is called a title search. Title searches are accomplished by or through attorneys, and their purpose is to make sure that the property being sold is free of any inconveniences, such as liens or judgments.
Property Transfers
This is about, when one or more parties are corporations, trusts or partnerships, the contract preparation and the following negotiations are complicated.
Filings
Real estate deeds regularly need to be filed at the county and state level. An attorney will be able to do this swiftly and professionally.
Full story at http://www.investopedia.com/articles/mortgages-real-estate/08/real-estate-attorney.asp
Related Links:
http://realestate.findlaw.com/buying-a-home/why-you-need-a-lawyer-when-you-buy-or-sell-a-house.html
http://www.theglobeandmail.com/globe-investor/personal-finance/mortgages/home-buying/when-it-comes-to-home-buying-what-should-your-real-estate-lawyer-do/article11892290/
http://www.realsimple.com/work-life/do-you-need-a-lawyer-to-buy-sell-a-home
http://www.trulia.com/voices/Home_Buying/I_AM_A_FIRST_TIME_HOME_BUYER_DO_I_NEED_A_LAWYER_-175787
http://www.nolo.com/legal-encyclopedia/hire-real-estate-agent-or-lawyer-29527.html
