Buying and selling a property is not just a deal between a buyer and a seller. There might be other parties involved and other factors that you should consider. Whether you’re buying or selling a property, there are huge amounts of money involved in this process and you should be careful with every step you’re taking.
There are many legal issues that you could face if you’re not careful during this process. That’s why it’s always recommended to consult an attorney while buying or selling a house. You can also hire one to carry out all the legal procedures for you and ensure that nothing will go wrong. Getting legal advice about your property is a must, here’s why.
Nowadays, sellers hire a real estate agent to find a suitable buyer for their property and when the real estate agent finds the right customers, they get into an informal agreement.
This agreement usually includes all the details that the seller might know about the property.
However, the agent or the seller might not provide you with all the details or provide inaccurate ones, and when it’s time to write a contract you find that there are unclear terms that you weren’t aware of or don’t fully understand.
For example, a real estate agent can make a seller sign a brokerage agreement.
This agreement usually states that the seller should pay the agent his commission even if they didn’t purchase the property.
That’s why, if you’re buying a property, you should ensure that you read the contract carefully or bring an attorney with you to ensure that the contract includes everything you agreed on with the agent with no unclear terms or fees.
Estate Planning Advice
Estate planning is knowing how a person’s property will be distributed or managed after their death.
If there is more than one heir, settling for an agreement might not be easy; especially that the estate planning law might differ from one state to another.
Lawyers in the state of Georgia can provide protection, wills, trusts, and probate.
You can find an estate planning law firm in Atlanta to help you protect all of your valuable assets.
Estate planning lawyers can assist you with everything related to your property and estate planning in orange county if you’re having any problem.
Dealing with Other Lawyers
If you’re buying a house from a divorced couple, you might find yourself dealing with two lawyers.
If you don’t have a lawyer while purchasing a new property or don’t consult one, you might find yourself in a lot of debates between the parties involved.
Each party should agree to all the terms and conditions while selling or buying a property and the process might be complicated.
Consulting or hiring a lawyer familiar with these processes will be able to help you avoid the long process and do the work for you.
One of the benefits of getting legal advice about a property is to ensure that there are no liens or problems about the property you’re willing to buy.
You might do a title search yourself, but a lawyer will be able to do it faster and get accurate results.
Some people may not have the right to sell their properties but still do anyways, and buying any of these properties could get you into legal problems.
However, an attorney will be able to find out whether the property can be sold or not, and if not, the lawyer can negotiate to reduce the cost of the property after the seller pays the lien.
Avoid Being Sued
If you’re selling your property, the buyer might sue you for not disclosing certain information without legal advice, your chances to be sued are high.
If you get legal advice while selling your house, the attorney will review the home inspection you made and ensure that all information is correct and the seller is aware of them.
Getting legal advice about your property is essential as there are many situations where you could end up facing legal actions because you weren’t aware of a certain law or regulations.
You could get scammed or pay more money than you should if you didn’t consult an attorney before buying or selling a property.
Your attorney will also help you deal with other lawyers and know your state’s law.
Although the law from one state to another is not so different, some few terms may affect your contract.
So you should ensure that the attorney you’re consulting or hiring is aware of your state’s law.