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Do you need a real estate attorney for your transaction?

On Behalf of | Dec 28, 2022 | Selling Real Estate |

There’s a lot on the line when you’re dealing with a high-end real estate transaction. If you’re selling, you need to ensure that you get as much out of the transaction as possible while reducing the costs associated with closing the deal. If you’re the buyer, you’ll want to ensure that you’re securing a property that suits your needs while saving as much money as possible.

With so much on the line, you’re probably on our blog because you’re trying to figure out if a real estate attorney can help you. It’s an important question to ask, and the answer will depend on the facts of your case. However, here are some of the benefits of having a real estate attorney on your side:

  1. Drafting legally valid paperwork: You’re going to have to comb through an enormous amount of documentation as you negotiate and try to close your real estate deal. Once you’re ready to finalize everything, you’ll need to make sure that everything is addressed in appropriate contracts. An attorney can walk you through these documents so that you fully understand them. That way, you know exactly what you’re getting into and can make the informed decisions that are right for you.

Once you’ve made your decision, your attorney can ensure that the agreement that you enter into is thorough, comprehensive, legally valid and protects your best interests. If you don’t have an attorney on your side, you could be setting yourself up for unexpected and avoidable conflict and costs.

  1. Negotiating a favorable outcome: A real estate attorney works for you. This means that they are going to advocate for the best outcome possible under the circumstances. Therefore, when you enter into complex real estate negotiations, you can rest assured that your interests are being advocated for by your attorney. Your attorney can even help you navigate unique or unexpected terms that otherwise might trip up your transaction.
  2. Dealing with out-of-state buyers or sellers: If the other side of your real estate transaction is out of town, they may not understand all the complexities involved with Florida’s real estate law. But if you have an attorney on your side, they can help the other side better understand the process so that the transaction plays out more smoothly without unnecessary delays.
  3. Working with the bank: If you’re buying a foreclosure or a short-sale property, there are going to be additional requirements that you’ll have to be prepared to navigate. If you don’t adequately address these matters, you might see more delays and costs, and you might lose the property altogether.
  4. Drafting disclosure documents: If you’re selling a piece of real estate, you’re going to have to disclose any issues with the property to the buyer. If you fail to disclose a defect, you could end up on the receiving end of a lawsuit. An attorney can help you thoroughly draft your disclosure documents so that you can avoid that outcome.

Are you ready to navigate your real estate transaction?

Since there’s so much at stake in your real estate transaction, you need to do everything you can to protect your interests. One way to do this is to secure legal counsel to help you navigate the complexities of your situation.

We know you have a lot of options when it comes to legal counsel in these matters, which is why we encourage you to fully research the legal teams that may be able to help you so that you can choose the advocate who is right for you.