3 Reasons You Need a Real Estate Lawyer
Purchasing a home is often a person’s biggest acquisition. Hiring a real estate lawyer can help you avoid a variety of concerns that come with home buying or selling. When searching for a home, you should take extra efforts to ensure that you are not going to run into some unexpected problems.
1. Tax Concerns
Whether you are buying or selling property, taxes will come into play. A knowledgeable real estate lawyer will be able to assist you with navigating the fields of income or estate taxes. Knowing any applicable taxes will help prevent you from being caught unaware or being charged with penalty taxes.
2. Legal Documents and Contracts
There are several legal documents and contracts that are involved in the purchase of a home. A real estate lawyer can help explain the obscure aspects of these contracts and negotiate the best possible outcome for you. They have experience in crafting all the necessary documents for a real estate transaction. A lawyer will protect your interests with a thorough examination of all legally-binding contracts before you sign them.
3. Title Search
One of the important functions a real estate lawyer can serve is completing the title search. The title search will alleviate any concerns regarding the seller’s legal right to sell the property. If there are any encumbrances that prevent the seller from selling the property legally, your lawyer will be able to find them. The lawyer will be able to complete a title search much more efficiently than another person.
Real estate laws vary from state to state, so it’s important to be familiar with the real estate transaction laws in your state. Hiring an experienced real estate lawyer can help you navigate the complex negotiations in a real estate transaction. To obtain counsel regarding your real estate transaction, contact the professionals at LeBaron & Jensen today!