If you’re getting a new house soon, you’ve probably been advised to get an attorney. Though hiring one can cost you a lot, it’s worthwhile. It’s no secret that real estate deals can be trickish at times, but a good attorney will make the property acquisition an easy one. If you’re making a profound financial decision regarding a sale or purchasing a house, expert advice is essential.
Do you need a real estate attorney? Arturo R. Alfonso, P.A. is a reputable law firm in Miami specializing in bankruptcy law, real estate law, and family law. Having over 25 years of experience handling legal matters, we’re simply the best in the area.
Read on to discover how a real estate attorney will help your home purchase, thus reducing pitfalls.
Why Do You Need A Real Estate Attorney?
From reviewing the purchase of a sale contract to the closing of the sale, there are many instances where you’ll require the help of an attorney. Let’s consider some of them:
- Contracts: Though people can strike deals with one another in-person, the contract between them is legally binding, so an attorney must be present. The attorney will confirm that all requirements are met and that both parties adhere to the contract terms. The contract is a legal document that needs to be studied thoroughly within three days by both parties before the deal is finalized. The real estate attorney will guide the client through the process, scrutinize the contract for any error, and correct all mistakes.
- Title searches: This is usually done before purchase. Here, the lawyer investigates to prove the property is protected from possible obstacles. The title search is important to ascertain if the seller is the rightful owner of the property to be sold. While anyone can carry out this investigation, an attorney will do it more effectively. If an issue arises in the investigation, your lawyer will advise you on the next step to take.
Other Reasons To Hire A Real Estate Attorney
- Property transfers: If the parties involved in the contract are partnerships and firms, the negotiation process can be quite difficult. But with the help of an attorney, it will be made easy since they have a broad knowledge of the enterprises and the laws binding them. The lawyer will guarantee the contract complies with the law.
- Filings: Most times, the attorney will have to file real estate deeds at the county and state levels. Are you buying a commercial property? You’ll need the help of an attorney. In this case, the lawyer can navigate the process to prove that your firm is a legit business institution liable to state tax. The attorney can also help with your business license. If you fail to file the right documents, your business may likely be closed down because it’s a commercial one and not duly registered at the state level. If the deed isn’t transferred appropriately, both parties (the buyer and the seller) could incur taxes.
Sellers Also Need Attorneys
Are you selling a property? You also need an attorney to help with your property sale. The attorney will inspect the house and reveal essential details about the house to the prospective buyer. Hiring an attorney will help you reduce some issues you’ll likely encounter during the sale. They’ll also help you obtain a well-defined title.
If you need a real estate attorney, Arturo R. Alfonso, P.A. is a legal firm with well-experienced attorneys who have a vast knowledge of housing and land ownership. We try to understand our clients, mediate and resolve cases while looking out for their best interest. Contact us today in Miami for a free 15-minute strategy session.