Given the amount of expense involved in any real estate transaction, it can be tempting to try to cut costs where you can and handle everything yourself. However, if you do not have a lawyer to help with your deal, you can potentially find yourself dealing with serious legal and financial problems later on. So why do you need an attorney for your real estate deal, and what could happen if you try to go on without one?
What Does a Real Estate Lawyer Do?
A real estate lawyer can help you handle every aspect of your real estate transaction, from your initial negotiation with a buyer or seller, all the way through to closing. In addition to simply knowing the law behind your deal, they can advise you on your potential options and help you to negotiate the terms of your real estate contract. They also identify potential problems that may arise, and help to mitigate the potential consequences that may ensue from them.
How Can a Lawyer Help You With Your Real Estate Deal?
A lawyer can help you perform a title search, which can identify potential problems with a property’s title that may complicate the sale of the property. They can also negotiate on your behalf, acting as an intermediary between you and the other side of the sale, and ensure that your contract has the most favorable terms for you as possible. If all else fails, they can also help to litigate on your behalf in the event of a dispute.
What Could Happen if You Do Not Have a Lawyer?
If you do not have a lawyer to assist you with your real estate deal, there is an increased chance that a legal issue may arise that you did not notice or anticipate. This could result in increased costs to you, and increases the chances of a lawsuit that might otherwise have been avoided. It could also threaten your real estate deal entirely, meaning that your transaction never goes through at all.
What Should You Do?
If you are looking to buy or sell real estate, you should make sure you speak to a lawyer with experience handling real estate transactions. They can assist you with your case, and review all of your potential legal options with you. That way, you can focus on your own needs, while ensuring the legal aspects of your transaction will be handled.
The New Jersey real estate lawyers at Riley and Gutman, LLC, are ready to assist you with your real estate transaction. We are committed to providing prompt, experienced and personal service to our clients, and will provide you with the legal support you need throughout your transaction and beyond. Give us a call at 731-431-0300, or visit our contact page for more information.