Purchasing property remains one of the biggest transactions most folks make in their lifetime. A real estate attorney’s role is to ensure the legal transfer of property from the seller to the buyer. These attorneys handle tasks like preparing or reviewing documents, ensuring that the title is clear, and facilitating the transfer of funds. The real estate industry has entered a new era—one that’s making transactions easier and more user-friendly and transparent through technology. However, with all that is available, you should not go it alone.
Here are a few examples of why you may need legal counsel…
Title Problems
A property title search is a process in which an attorney examines public records to make sure that there are no claims, liens, or issues with a property that could result in another person or entity asserting they have a stake in the home. It is a good idea to get legal help if a title search unveils problems. A lien by a prior contract or claims of ownership may not even be the end of the deal, but you need to make sure the title is clear before the proper transfer of ownership to you is complete.
Closing Documents
Because of all the documents involved, closing can be such a complicated process and can involve many outside things such as mortgage companies, lenders, and your lawyer. The closing process is the final hurdle before the ownership of a home is officially transferred to you. To accommodate the process, you’ll be given a closing package of important documents that include the note, the mortgage document, and the deed. Any desire to tailor a deal to your situation generally calls for legal counsel. This can mitigate the risk of surprise and ensure your interest are protected.
Zoning Issues
Whether you want to buy a property in a residential area and use it to run a business or vice versa, legal counsel will be needed to guide you through zoning issues. What is considered acceptable is affected by the current zoning of the property. The zoning of real estate influences the most efficient and effective use of the building and land. Zoning will restrict the use of the property. It may also set standards for the size and placement of the building and any other construction in the location. If the zoning does not permit, storage facilities and other construction are not possible. Placement of a trash area may be limited based on these specifications. These restrictions affect numerous issues including if pets and certain vehicles are permitted on the land. The lawyer is necessary for contacts, other documentation, and assessing the property before it has been purchased. These legal representatives are important when dealing with real estate transactions. They may also prevent a client from making grave mistakes. It is crucial to trust the lawyer to avoid disaster in the purchase.
Real estate lawyers provide their clients with legal advice when it comes to real estate and property disputes. Property lawyers can help with negotiations, due diligence, litigation, foreclosures, deed transfers, zoning restrictions, and coordination with lending agents or any other parties involved in the sale of a property.
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About Estevez Law Group, P.A.
About Estevez Law Group, P.A.Helping clients with real estate, commercial real estate transactions, residential property purchases and sales, estate planning, and more! Skillful legal representation can simplify complex real estate transactions and solve problems that frustrate all parties involved. At the Estevez Law Group, P.A. our boutique real estate law firm and title agency assists clients with all types of residential and commercial property matters.
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