What are the common problems a real estate attorney will look for and protect me from?
The answer to this question is both simple and complex. Every real estate transaction is different with options open to the buyer and seller in the terms of the sale.
Your local real estate agent should be able to advise you as to what the protocol is in the area in which you are located. That is the simple answer.
The complex answer lies in the situation you find yourself in. Here are a few examples for buyers and sellers.
- Are you an out of town buyer or seller
- Are there judgments or liens on the subject property?
- Are you buying a property that is in foreclosure, short sale, or bank owned? Conversely, are you selling a property in active foreclosure or as a short sale?
- Are you selling a property that is part of an estate in which you are an heir, executor, or administrator? Or are you trying to buy a property that is part of an estate?
- Are you buying or selling a commercial property?
- Are you buying or selling a property that could potentially have some structural issues?
- Are you selling or buying a property in a problematic area such as a flood zone or areas with adverse conditions (tornado prone, radon, toxicity levels, etc.)?
- Are you selling a house with a non-cooperative partner?
- Do you have that gut feeling that something could possibly go wrong based on knowledge you have about the property?
If you answered yes to any of the above questions then consulting with an attorney is simply a logical next step. Let an attorney experienced in the area of real estate law help you find the answers to your questions.
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