Home ownership is still considered to be “The American Dream”. With this said, it is typically the largest financial investment in the lives of most Americans. With this said, it is surprising that many home buyers and sellers opt to not hire a real estate attorney as part of their transactions. If you have ever bought or sold a property, then you may be familiar with the many potential obstacles standing in between an executed contract and a successful closing. Whether it is a home inspection, a financing contingency, a loan commitment, or other hurdle, there are various challenges in any real estate transaction. With such a large financial transaction, you can never be too safe. This is where a real estate attorney can provide you peace of mind.
Real estate attorney responsibilities
A real estate attorney specializes in “real property” transactions. For clarification, “real property” & “real estate” are considered the same when describing a real estate attorney’s responsibilities. To learn more about real estate attorney responsibilities and state requirements, see our previous article titled: “Do I Need A Real Estate Attorney?” A real estate attorney typically helps clients with their legal problems and provides legal assistance with buying and selling homes. In addition, they can help you with estate planning, tax law and other legal matters. Some common services that a real estate attorney may provide include:
- Reviewing and negotiating contracts
- Providing legal advice on mortgages, home equity loans and other financial products
- Helping to draft legal documents (such as wills or contracts)
- Representing home buyers and sellers
- Holding money in escrow for buyers or sellers
Summary
In closing, you can never be too cautious or prepared when buying or selling real estate. At Live South Florida Realty, Inc. we focus on providing our clients the best possible experience during their real estate transaction. Although most real estate brokerages throughout the South Florida market charge their clients transaction & processing fees that can add up to $1,000 or more per transaction, at Live South Florida Realty, Inc. we do not charge our clients these fees. Instead, these funds may be used towards having legal representation for their transaction. In doing this, not only do our clients save money but they also have peace of mind throughout their transaction. Are you looking to buy or sell in the South Florida market? We can help! Contact Natasha Moore at Live South Florida Realty, Inc. today! While you are at it, be sure to download the Florida Home Search app from the Apple App Store or Google Play Store for your mobile device. This is the most comprehensive and up-to-date real estate app for the South Florida housing market.
