Buying a new house isn’t a simple purchase – it’s a legal transfer of property from one person or entity to another. Because the legal side of buying a new home can be so complex, sometimes it makes sense to enlist the help of a real estate lawyer who can watch out for your best interests.
A real estate lawyer is a type of attorney who is licensed to practice real estate law. This means they have the experience and knowledge to give you advice when you are involved in a real estate transaction, like the sale or purchase of a home. Your real estate attorney is legally authorized to review and prepare all documents related to the sale and purchase of a home. In many cases, your attorney will also be the person in charge when you close.
Here are a few times when you might want a real estate lawyer to join your home buying team:
- Depending on where you live, the law may require a real estate lawyer to manage the closing process. Check with your local rules and regulations to determine if this is the case.
- Does your home purchase involve nonstandard or complicated elements? A real estate attorney can ensure all of your contracts account for the complexity of the situation while providing support if contractual issues arise during the purchase.
- If you are worried that something will go wrong with your home purchase, a real estate lawyer can protect your interests and ensure your peace of mind.
Learn more about what a real estate lawyer does and stay on top of current real estate trends by checking out our podcast, Today’s Real Talk.