Do I Need A Real Estate Attorney?

Monday, February 16, 2015 | 8:14 pm

When it comes to buying a house, chances are that the purchase will be the largest one you make in your lifetime. With that said, there are several concerns that may arise. One of the biggest questions people ask when making a real estate purchase or sale is “Do I need a real estate attorney?” Unfortunately, there is no one size fits all answer to this question. Since each real estate sale is unique, the precautions that you should take when you buy or sell your house will be different under different circumstances. With that said, today we’ll discuss when it’s a good idea to get an attorney involved in the sale or purchase of real estate.

Read The Contracts!

As you know, nothing is finalized until contracts are signed. During the course of most real estate purchases, several contracts will be signed. When you’re handed the first contract for you to sign (and any contract thereafter), it’s important that you read every word on the document. If you don’t understand something that’s written into the contract, it’s time to start seeking the assistance of a real estate attorney. Your attorney will read through the contract and ensure that you understand anything and everything that you’re signing!

Who’s Looking Out For You?

The next thing you should do when deciding if hiring a real estate attorney is a good idea is to think about who is looking out for your best interests. Is a family member or friend helping you through the process or are you relying on your real estate agent to look out for your best interest? This is an incredibly important question because while real estate agents generally have your best interest in mind, it’s important to remember that they are usually paid on commission. That means that if you don’t buy or sell the house, the agent isn’t being paid for the work.

With that in mind, it’s easy to understand why some real estate agents may try to push you into purchasing a home that doesn’t necessarily meet your needs! The bottom line is that if the only person looking out for your best interest is your real estate agent, you may want to strongly consider hiring an attorney.

Think About Your Comfort Level

Most importantly, it’s important to consider your comfort when making a real estate purchase or sale. The bottom line is that this may be the biggest purchase or sale in your life, if anything goes wrong, it can be detrimental. While we don’t want to think about what may go wrong while purchasing a home, it’s important to remember that everything may not be as it appears. For instance, if you were to purchase a house with unpaid taxes, you may be required to pay the past due balance in order to stay in your new home. If you have an attorney on your side, they will search to ensure that the deed to the home is clear and that all taxes have been paid. So if you’re not comfortable with calling yourself an expert in purchasing or selling homes, hiring a real estate attorney may be your best bet!

Do You Need A Real Estate Attorney?

If you’re looking to buy or sell real estate and would feel more comfortable with the help of an attorney, attorney Albert Mead is ready to help. Give us a call at (626) 584-5885.

 

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