During the course of a real estate transaction, individuals will need to work with professional agents and other services to ensure that they are avoiding some costly mistakes that could arise during these transactions. Real estate lawyers can be an important solution for these needs, but there are many assumptions that can make it harder for individuals to evaluate the types of services that they can offer.
Assumption: Real Estate Lawyers Are Only Needed For Commercial Property Transactions
There is a belief among some individuals that real estate lawyers are only needed when the transaction involves commercial real estate. While it is true that these transactions can generally be more complicated than residential property transactions, it can still be advisable to work with a real estate lawyer when buying or selling a home. More specifically, these professionals can represent you through the many legal aspects that are involved with buying and selling a home. This can include reviewing contracts that have been prepared or even conducting a review of zoning laws, easements, and other property restrictions that may impact your ability to use the lot in the way that you were wanting.
Assumption: A Real Estate Lawyer Will Significantly Delay The Process Of Closing The Deal
While the services offered by a real estate lawyer can be critical for remaining safe throughout this process, individuals can avoid hiring these attorneys to represent them as a result of assuming that they will greatly slow the process of finalizing the transaction. The type of legal reviews that may be conducted by these professionals can slightly extend the amount of time that is required for the transaction to be finalized. However, real estate attorneys will be aware of the need to be quick and efficient when working for these clients.
Assumption: A Real Estate Agent Can Provide The Same Services As A Real Estate Lawyer
Unfortunately, individuals are often under the impression that their real estate agent will be able to provide the same type of services that a real estate lawyer would provide. The reality is that these professionals will need to play very different roles. For example, your real estate agent will be primarily responsible for helping you to find a suitable property to buy as well as negotiating with the seller of the home. However, a real estate lawyer will be able to handle the process of preparing and reviewing any legal documents that may be involved with this transaction.
For more information, contact a local real estate lawyer.
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