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There are Many Reasons to Hire a Real Estate Attorney

Joseph Coupal - Monday, June 20, 2011

...by Kiley Black

There are many reasons for you to hire a real estate attorney; however, we have chosen the most common scenarios here:

Mortgage issues - Real estate attorneys can review financial documents and provide advice about the risks and obligations of various types of mortgages, including seller-financed mortgages.

Peace of mind - Buying property is a huge investment. For the added support of a legal professional reviewing your documents and overseeing the transaction a real estate lawyer is essential.

Renting - If you are buying a property that is currently rented or leased, or if you plan to rent property, a real estate attorney can assist you in complying with landlord/ tenant law as well as understanding and/or developing a lease.

Disclosures - Sellers are required to disclose anything that affects the value of a property. Real estate attorneys protect buyers by reviewing disclosures. They also help buyers who discover an undisclosed issue with the property.

New Construction - Real estate attorneys can assist buyers when construction deadlines have not been met.

Zoning and Permits – We can help resolve disputes over zoning, land use and permits.

Taxes – Real estate attorneys can offer advice on minimizing tax issues. We can assist with like-kind exchange documents and file tax documents with the IRS.

Title issues - Real estate lawyers can help resolve title disputes and land boundary disputes. We can also make recommendations about how the title should be held (e.g., husband and wife, living trust, corporation).

Condos - Real estate attorneys can review community bylaws and determine whether pending lawsuits against the homeowner’s association exist and if those suits are likely to result in increased HOA dues.

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