For most people, buying or selling a home is the biggest financial transaction or commitment they will make in their life. So it’s important to hire an experienced real estate lawyer. Bankruptcy attorney Benjamin Ginter runs the Law Offices of Benjamin J. Ginter in Cranford, New Jersey, and he also does real estate law. Here, he explains what’s involved in real estate transaction.
Many people are under the impression that they can buy and sell property completely on their own. But a competent real estate lawyer can help you avoid all common pitfalls, and in the long run even save you money. It’s worth shelling out initially to reap the dividends of a transaction well done.
What a real estate lawyer helps
Don’t even consider buying a property unless you consult a decent real estate lawyer. And it is best to hire an attorney who understands the real estate laws of the particular state, and who can guide you through the process, ensuring a successful transaction. Your attorney will be able to explain all documents and other papers that you need to sign, and you can then make sure that you are making a correct decision.
Real estate lawyers can also help you negotiate and take care of hundreds of small matters you may not even be aware of. They can check your personal legal status as well as the status of the property involved, and deal with all the paperwork. Finally, they are there to troubleshoot for you, should the need arise. In the end, they will make sure that you are getting the best deal possible.
Keep in mind that when you buy and sell property, your lawyer will always be on your side, unlike other realtors, salespeople, or appraisers who are involved in the transaction. He will be acting in your best interest, doing all he can to make sure you get the best from the transaction.
Contract is more important
The contract is more important in real estate transaction. A qualified attorney will review the contract before it is finalized and do all he can to ensure that the client’s interests are best protected.
And an attorney guides and orchestrates the transaction, making sure that parties are doing what they are supposed to do in a timely manner. At last, the contract is completely fulfilled and all parties perform as they are legally obligated to do.