Real estate lawyers play a role in selling and buying property, and they can represent either party in the transaction. For many people, legal representation is an important part of the buying and selling process.
Do you want to learn more about real estate lawyers and how they can help you? Here's what you should know before you hire a lawyer.
Who Needs a Real Estate Lawyer?
When it comes to a real estate transaction, both the buyer and seller should have legal representation. This is the best way to ensure that you are covered legally and that the deal is fair for both parties. Even if you know the other party, it is beneficial to have a lawyer who can cover all your bases.
Can a Real Estate Lawyer Represent the Buyer and the Seller?
Due to the potential conflict of interest involved in the transaction, a real estate lawyer cannot represent both parties. The buyer and seller each need to have their own legal representation to ensure that they are adequately protected by the law.
What Is the Ultimate Goal of a Real Estate Lawyer?
When it comes to the sale of a home, the buyer is in an especially vulnerable position. They are taking on a new piece of property, which comes with some risk. For the buyer, the real estate lawyer protects their rights and ensures that the terms of sale are fair. This also ensures that the buyer has gone through all the necessary inspection steps to ensure that the home is a safe and legal property to purchase.
In the case of the seller, the real estate lawyer will ensure that the seller is doing everything to the letter of the law for protection. This means that with a lawyer involved, you will not be at risk of being sued in the future based on anything that happens during the transaction.
How Can You Speak With a Real Estate Lawyer?
The best way to speak with a real estate lawyer is to schedule a consultation. When you have a consultation in place, you can save questions and bring documents so that you can get a better idea of what the process is going to look like.
Do you still have questions about your real estate transaction? No matter which end of the spectrum you are on, it is important that you speak with a lawyer about your legal options.