There are many branches of law and different lawyers specialize in different fields of law. Similarly a real estate attorney specializes in dealing with matters that concern trading of houses or commercial buildings. A real estate attorney is basically hired when an individual is about to purchase a property, which is probably quite large or when two parties are involved in a dispute over a piece of land or property.
The significance of a real estate attorney lies in the fact that they facilitate a smooth exchange of property from one party to another, by making sure that all legalities are covered. They also litigate any sort of disagreement that may arise amongst the two parties over real estate. He is an expert in mortgages, deeds and leases, and all sorts of paperwork required in relation to the property. Hence, they deal with all legal matters concerning real estate and its exchange between two parties.
Majorly, the need of an attorney arises when a property is being bought or sold, since buying and selling of something like property is not a simple matter; it can be quite complicated or confusing at times. In order to avoid any sort of fraud on a property that requires a huge investment, it is better to hire a real estate attorney. He should guide in all legal matters and make sure that you know what your legal rights and options are. Amongst other legal information, you must ask about the title insurance, the contract of selling property and deeds valid on your property. Having detailed legal knowledge of these aspects is crucial to the smooth exchange of property.
When a real estate is bought or sold, the contract between the two parties has to be in writing. The real estate attorney will make sure that the contract is in writing and it includes all the terms of the agreement. It is the job of the attorney to write the contract properly, while including all the essential terms. When you are signing the contract, your lawyer will make sure that you are not involved in any situation that might be harmful to you in future and that through the written agreement you are not giving away any of your legal rights. The essential terms that the attorney will include in the contract are the location of land, its description, the price at which the land is being sold etc. The contract will also include the name of the parties involved along with their addresses. Without including these essential terms, the contract of sale will not be valid. Hence, it is the job of the lawyer is to draft this contract and make sure that it is legal.
Another important role of a lawyer is to draft a deed. A deed is a necessary legal document because it transfers the ownership of real estate from one party to another. The deed is an essential because without it the sale of a property is not considered to be completed. Hence, realizing the importance of deed, your attorney will make sure that it follows all the legal instructions and requirements. Title insurance is another responsibility of a real estate attorney because of its legal importance. Title insurance makes sure that the buyer is insulated from any sort of defect that could arise once the property is bought.
If you are undergoing issues of land and property and are looking for a good Real Estate Attorney who will help you in getting your problems sorted out, there are different ways by which you can them.
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