You’ve probably heard this saying: “You don’t need a skydive parachute; you only need it to skydive twice.” You might also feel reckless if you buy or sell a property without consulting a real estate attorney. Are you buying a home or commercial property? Are you closing a deal for a commercial property? When you are dealing with complex legal documents or negotiations, an experienced lawyer who specializes in real estate can act as your parachute to ensure that you reach the desired outcome.
Think of a real estate lawyer as your guide in the mazes of property purchase. What is the role of a real estate attorney? To analyze, interpret, advise, and dissect the legal gibberish which is property contracts. Imagine staring at the contract. The small print blurs. Legal jargon wracks your mind. You can rely on your lawyer to translate that confusing text into plain English and ensure you fully understand what you’re signing.
The translators’ prowess is not limited to translating. Oh, no. Also, they’re your diplomat and defender. Negotiations are sometimes a little tense, especially when there is a lot at stake. This is where your lawyer comes in. Not only as your advisor, but also as a savvy negotiator. Imagine that your lawyer is a chess master, constantly strategizing and thinking five steps ahead.
We’ll also discuss those hidden problems that can show up uninvited like party crashers. They can be a real downer. Real estate lawyers have the insight to see these problems coming and can address them once they happen.
“But, do I need a specialist?” Couldn’t Vinny who recently passed the bar help me out? You may wonder. Here’s a bit of tough love: real estate isn’t a ‘pick-it-up-as-you-go’ kind of field. These lawyers spend years learning specific aspects of property laws to make sure that no loopholes are left, and all regulations and rules are followed.
Imagine that you are now at the close of business. The table is heavy with paperwork, and the air is filled with excitement. Moments from now, you’ll be getting the keys of a new house or pocketing your check. It’s not the right time for amateurism. The consequences of mistakes in paperwork, or failure to follow regulations, can be costly. It’s the Super Bowl for property transactions and your real-estate attorney is both star and coach.
Think about the contacts you make. Real estate attorneys sit at the centre of a web spanning the entire real estate market. They know who knows whom. Do you need a trustworthy inspector or surveyor? Most likely, your lawyer knows a few.
They are the wise friends who warn you not to buy that seemingly perfect but ridiculously overpriced house. You can rely on them to be that wise friend that warns you against buying the seemingly perfect, but outrageously priced house. Because, after all, falling for a dream home is a very foolish thing to do.
A real estate lawyer’s value lies in the ability to guide and advise you through a life-changing event with finesse. Although they may not help you choose your new curtains, the real estate attorney will ensure that everything behind the door is sound, secure and in order when you turn it.