Buying a home is a rite of passage for many Americans. But that doesn’t mean the process is always simple and headache-free. Even in a relatively straightforward sale, it pays to have expert help at the ready. In addition (or sometimes in lieu of) having assistance from a real estate agent, you might consider working with a real estate lawyer when buying a home.
Here are just a few situations in which you’ll be happy your real estate attorney is by your side.
If You’re Buying a FSBO Property
Most people assume that their agent will work with the seller’s agent to negotiate a home sale. However, not every seller works with a real estate agent; some opt to sell the home themselves, which means the home is known as a “FSBO” (for sale by owner) property. At first glance, this might seem to simplify things. However, it can actually make matters more complicated. Negotiating directly with the homeowner can be notoriously difficult. Not only might you have to deal with heightened emotions and unrealistic expectations, but you’ll also need to verify that the paperwork is correctly taken care of.
If There Are Complicated Property Issues
Some homes may be more vulnerable to property disputes or questions surrounding your ability to renovate. This is especially true with older homes and homes in established neighborhoods, rather than brand new builds in recently created developments. From boundary disputes with neighbors to the rules surrounding historic properties, your real estate lawyer can explain these issues in an easily understandable way to ensure your purchase won’t be one you’ll regret later.
If You Simply Want Greater Peace of Mind
Approximately 33% of people who purchase residential property within the U.S. are first-time buyers. But even if you’ve owned a home before, it’s often well worth it to be as prepared as possible. Working with a lawyer experienced in real estate transactions can allow you to feel more confident going into a home sale. With a qualified attorney to provide support, you won’t have to worry about the details.
If you’re planning to buy a home this year, it’s best to work with professionals you can trust. For more information or to schedule a consultation, contact our firm today.