Engaging in real estate transactions can be intimidating, as the buying and the selling must all be done quickly and satisfactorily in order to ensure a sale. An attorney with a background in real estate can simplify this process, making it easier for you to seamlessly and simultaneously let go of your former property and embrace your new home. If you have questions as to exactly what does a real estate lawyer do, watch this video to learn more about why having sound legal representation can help you avoid costly mistakes down the line when buying or selling real estate.
What Does a Real Estate Lawyer Do?
Whether you are a buyer or a seller, your attorney will assist you from the time you enter the contract all the way through the closing—and beyond. Once your attorney receives the contract, he or she will reach out to you to discuss the contract and its terms and then assess your personal situation—that is, whether you will be selling, buying, or renting a home, and whether you are coming from out of state or moving out of state—to understand how to assist you. Following that conversation, the attorney can prepare the attorney approval letter under the terms of the contract. Then, depending upon whether the attorney is helping you buy or sell, he or she will pursue the next steps. If you are the seller, your attorney will ask you to gather and provide certain documents. If you are the purchaser, the next step is the title examination and communication with you about the terms of your mortgage. Your attorney should educate you on the contract, the flow of the contract, any significant or unusual terms, and your obligations under the terms of the agreement.
What does a real estate lawyer do and are they necessary when buying or selling real estate? Contact our experienced Buffalo real estate lawyers today to find out how we can help you complete your transaction with peace of mind, knowing that you and your investment are well-protected.
The law firm of Cole, Sorrentino, Hurley, Hewner & Gambino has been providing sound legal advice and representation in a variety of legal areas for more than 45 years. Let our experience work for you.