Even in this down economy, real estate transactions are occurring frequently. People are still buying and selling homes, and finding commercial property for their businesses. In most cases, a realtor helps buyers and sellers negotiate these deals.
Realtors rent, buy, or sell property for clients. They perform duties like studying property listings, interviewing prospective clients, accompanying clients to property sites, discussing conditions of sale, and drawing up real estate contracts. In short, realtors are responsible for making the real estate transaction process as smooth as possible. When there are problems, a real estate lawyer is sometimes necessary.
To over simplify, real estate lawyers do two main things: they help structure the legal aspects of real estate transactions and they litigate real estate disputes when things go wrong.
Why We’re Asking:
In most real estate transactions, collaboration between a homeowner and a real estate agent is pretty typical. Realtors understand the local area and can advocate for sellers and buyers. They are also familiar with the standard paperwork.
But sometimes contracts can be confusing. Even more, homeowners and home buyers may come across legal roadblocks in the real estate process. We’re interested in finding out when hiring a real estate attorney is a good idea.
Share your thoughts below:
When are real estate lawyers necessary?
During a real estate transaction, when does it become necessary to contact a real estate lawyer?
What are some of the most common situations where a real estate lawyer is brought in?
What sort of questions should I ask before hiring one?
Should I let my realtor choose my real estate lawyer?
How much interaction or overlap is there between my realtor and my real estate lawyer?
We’re excited to see helpful tips and advice from our first Legal Resource Network post! Check back next week for our awards and follow-up posts.
Please post your answers in the comment field below!