Our firm handles real estate closings. We’ve been doing them now for over ten years. A real estate closing is the final step of a negotiated contract to transfer real property from the seller to the buyer. With that in mind, we are frequently asked, “do I need a lawyer for my real estate transaction?” The answer to that question is no, you don’t need a lawyer. But you should have a lawyer, on your side, representing you, and looking out for your best interests. Having a lawyer is important because the lawyer will typically have the experience and the knowledge necessary to properly navigate your real estate transaction. With that said, here are the top 3 reasons you need a real estate lawyer for your real estate transaction.
1) OBSTACLES
You may run into obstacles that could bring your real estate transaction to a halt. Having the right professional will help to ease those tense situations, and work through those obstacles. On the other hand, you can certainly try and do it all yourself. But in this world, we should probably stick to what we know and do best. Still, if you are set on performing a transaction without a lawyer, we would suggest at least talking to some real estate lawyers and getting their opinion on your real estate transaction. Even if it is for a quick five-minute meeting.
2) COSTS
You may think the cost involved in hiring a professional is too high. You may also think that by hiring an expert that there is an extra layer of hassle on top of the added costs. And all of that may be true. But making decisions by trying to save some money in the short run may end up costing you a lot of money in the long run. Plus, the hassle and aggravation will grow too. You are better off hiring a real estate professional early to deal with all the issues in advance before the they grow into larger and more expenses problems for you. Here are some additional tips to save money on closing costs.
3) PEACE OF MIND
By hiring a real estate attorney you are buying peace of mind. You’re buying a solution. You’re buying yourself the safest and smoothest possible transaction and solutions to problems that arise.
The importance of hiring the right professional cannot be overstated.
In a real estate transaction, you should have a lawyer to represent your interests.
If you have any questions about your transaction, then please feel free to contact us.
We’re here to help.