Many people assume that real estate lawyers only take on clients like real estate agencies but the fact is that anyone who owns property or who is thinking about becoming a property owner can benefit from the services offered by this type of lawyer. Here are some examples of situations that call for obtaining legal advice before moving forward with any deal.
Investigating the History of a Property
For those who are thinking of buying a home or other piece of property, it pays to delve into matters such as how the title was transferred in the past. Real estate lawyers know how to obtain all the documentation needed to determine what took place each time someone new bought the property in question, including the type of deed used to make the transfer. The lawyer can also look at the details in each transfer and make sure there are no discrepancies in terms of the square footage of the property. This can go a long way in helping to prevent disputes about property lines from arising at a later date.
Do Any Claims on the Property Exist?
The lawyer can also determine if there are any prior claims on the property that must be addressed before a sale takes place, such as; claims filed by heirs of past owners, any tax liens that may be in place, or even if the property is being held as security on some type of loan. Being aware of these situations provides the opportunity to make sure they are resolved before any attempt is made to buy the property.
Checking the Terms of the Sale
The next step is to take a good look at the paperwork related to the proposed purchase. The goal is to make sure any commitments that the buyer and seller have made are documented in the sales contract terms. Doing so ensures that there is no confusion as to who is assuming responsibility for updating the electrical wiring or having a plumbing repair made. By making sure the terms of the contract are in full compliance with all current laws, the rights of the client are protected.
For help with any type of real estate issue, the first step is to visit website and arrange a consultation in order to make sure the deal goes off without a hitch.