When Buying or Selling a Property: Should You Hire a Real Estate Lawyer?

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A Real Estate AttorneyUnless you’re someone from a place like Georgia, Vermont, Kentucky, or Maine where a real estate attorney is required, you may be tempted to forgo hiring one to save thousands of dollars. Buying or selling a house, however, involves dealing with the real estate property law.

For someone who is not familiar with this law, the process can be overwhelming and may cause a variety of problems. If you’re buying or selling a property in Denver, a highly trained and experienced real estate lawyer can help you deal with problems that may arise in the middle of your transaction.

Here’s how a real estate attorney can help you:

Contract Review

For a transaction to be legally binding, it has to be memorialized properly in a contract. While most people already know this, a lawyer can review the contract to make sure it adheres to all state laws and addresses any potential cause of problems in the future.

Title Search

The result of this search is important, as it will let you know if the property in question has any encumbrances, such as liens or judgments. It will also let you know if the seller has the legal right to sell the property. Real estate attorneys can provide this service faster, as they usually have working relationships with title search companies.

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Filing of Deeds

It’s no secret that real estate deeds need to be filed at the county or state level. A real estate lawyer will be able to do this faster and more efficiently. Furthermore, he or she will be able to help you navigate through the complex state regulations if you need to build a structure on the property.

Hiring a real estate attorney may not be a legal requirement for most states, but a lawyer can guide you through the many obstacles and pitfalls that you may encounter with your transaction. A professional who knows the law can help you close the deal while dodging problems that may end up costing you more money.