Land & Property Sales: Do You Need a Lawyer?

Purchasing or selling property does not require the hiring of a real estate lawyer. It is possible to draw up a legal agreement directly with the other party without involving a real estate agent.

An experienced real estate lawyer, however, can protect you from legal issues as well as provide many other benefits.

A skilled real estate attorney, David Fleischmann Esq, president of David Fleischmann & Associates, LLC, shares the benefits of hiring a real estate attorney when selling land or property in this article.

When buying or selling real estate, real estate contracts are required. A real estate agent is often responsible for drafting these contracts. Agents often use standardized forms to comply with state laws each time they work with a client.

"Even though generic real estate contracts contain the necessary language, you may encounter problems in your real estate transaction if there is something out of the ordinary that does not appear in the contract, such as a seller agreeing to perform certain repairs," says David Fleischmann Esq, who has been helping clients create and sign real estate contracts for more than two decades.

Real estate agents frequently amend standardized contracts to accommodate the needs of certain clients, so you can ask yours to do the same. Nevertheless, real estate laws vary from state to state, and most real estate agents are not lawyers. Though real estate agents have a great deal of knowledge about real estate transactions, their opinions are entirely different from state law. It is possible to prepare a legally valid document, tailored to your needs, that complies with state law, with the help of a real estate attorney.

When you sign a contract, the lender will need a few weeks to appraise the property and complete the loan underwriting process. Closing the loan involves signing the sale documents.

The title to a property or the condition of the property may cause problems before or after the closing date, according to the attorney David Fleischmann Esq.

When a buyer closes on a house, he or she often receives a quitclaim deed rather than a warranty deed. The warranty deed and the quit claim deed both transfer ownership, but the warranty deed indicates no liens. Such detail would not be noticed by a real estate agent or buyer, but by a real estate lawyer.

Real estate transactions can lead to legal issues after completion. A real estate agent, seller, or even home inspector may be liable for your damages in some states. Real estate attorneys facilitate the sale of any real estate much easier. The majority of real estate transactions go smoothly without the assistance of an attorney, but those who have been involved in adversity often wish they had hired an attorney.

For more than twenty years, David Fleischmann Esq has worked with developers and investors to sell land and to construct new structures. Land use and zoning laws are of particular interest to this real estate attorney. For assistance with your next real estate transaction, contact David Fleischmann Esq.