What Does a Real Estate Attorney Do?
by
marc blumentahl
Have questions about hiring a real estate law attorney? Answering the question of what a real estate attorney does is fairly complex, only because there are two types to consider: a commercial real estate attorney and a real estate law attorney for homes and personal properties. In short, a real estate attorney handles the trading of property, including all buying and selling. In some states, it is still required that a real estate attorney preside over the final contract signing. However, in recent times more territories are eliminating this law requirement.
Real Estate Attorneys Can Help You Interpret a Contract
Guess what that means? More homeowners and sellers are entering shady deals that they do not quite understand. Owning a home or inheriting one can come at a huge cost, especially when you consider the work you have to do, and the codes you have to respect. It is never, ever a good idea to sign a contract based on your instincts about a house or a person. A real estate attorney can help you to look over these issues and ensure that your needs are being met and that no key issues are flying underneath the radar.
Real Estate Attorneys Can Help You Keep Things Fair and Accurate
Specifically, it is the job of a real estate attorney to check the fine print of a contract and interpret every sentence, making sure (A) nothing is suspiciously worded and (B) nothing is inaccurate. Inaccuracies in the contract could be disastrous and change the entire agreement. Chances are, unless you have studied real estate law, an attorney is the way to go. Furthermore, it is recommended that you work with a real estate attorney who has experience with the type of home you are buying and the neighborhood you are moving to or working with. A real estate attorney with experience with, say, condos, could point out a lot of common issues that arise in condo sales and condo living.
Real Estate Attorneys Can Ensure Legality
A real estate attorney is also responsible for ensuring the contract is legal and won t result in a law violation or a court case, as well as to resolve any title issues (as in making sure the title can legally change hands). Remember, a real estate agent cannot give sound legal advice like a real estate law attorney he or she can only guess. In all likelihood, they are scared to death of giving you any advice because they don t want to make a mistake. This is why it is vital to hire a real estate attorney or better yet, a real estate law attorney that has experience in your specific situation.
Dealing with Real Estate Attorneys and Commercial Real Estate Attorney Facts
When it comes to a commercial real estate attorney, the lawyer must not only be familiar with property laws but also with business laws and this is critical when you are hoping to avoid problems with the local government office and with sellers or buyers of a business. A commercial real estate attorney can ensure that you are protected in a sale and can also give advice on pending litigations. A commercial real estate attorney can help you ease your mind and protect your assets. He or she is ideally a third party commercial real estate attorney and is not merely hired by a real estate company. You need an objective point of view. Hiring a commercial real estate attorney will mean a tremendous easing of your mind, not having to worry about fine print problems.
Why not contact a real estate law attorney today and find out your options?
The real estate attorneys in Chicago are of great help for individuals who need genuine and useful advice on matters of real estate. A real estate attorney in Chicago interprets the contract for his client and makes him cognizant about important legal steps that have to be taken by the client.
Article Source:
ArticleRich.com