For most people, buying a home is the largest financial investment they will ever make. When it comes to the biggest investment of your life, why put yourself at risk? At Tucker, Yoder and Associates, we know that when you hire a real estate attorney, you’re hiring someone to look out for you and your interests. Whether you’re buying or selling, here are 5 reasons to hire a real estate attorney.
Some states require a real estate attorney to be present at closing. While New Mexico is not one of those states, it is still extremely beneficial to have legal support during the closing process. Your attorney has no personal interest in the transaction other than providing you with their expertise, therefore you can trust them to have your needs in mind.
Your attorney can also review all documents, including deeds, legal descriptions, the closing documents, and the title and title insurance policy. Even minor mistakes in these documents can create big title issues, and your attorney can protect you from the difficulties and financial strain of possible problems.
A real estate attorney represents your needs and can negotiate on your behalf during the buying or selling process. They can walk you through the complications of the transactions involved and protect you from problems that you may not see or predict. Only an attorney is qualified to explain the laws to you and provide legal advice.
Other parties that may help you with the transaction typically have a personal interest in your transaction, usually financial, and may push you to make decisions for reasons other than your best interest.
Attorneys review many contracts and have an in-depth understanding of the law, so they can help you avoid complications or unforeseen situations. Even if this isn’t your first time going through the buying and selling process, your attorney has likely gone through it more times than you could in your lifetime.
They have the institutional knowledge about state and local laws as well as real estate in general to provide you with valuable information you may be missing out on otherwise.
While hiring a real estate attorney does come with some fees upfront, they are nothing compared to the financial impact that getting things wrong in this type of transaction may have down the line. A real estate attorney can protect your investments by reading over documents, negotiating on your behalf and knowing the right questions to ask. The savings offered by using an attorney with the industry knowledge to protect your investment can be well worth the upfront attorney fees.
Your attorney will review everything before you close to ensure that you are being charged exactly as you agreed. It’s almost impossible to correct errors after a real estate transaction is closed and unless these complex documents are reviewed closely by an experienced eye, it’s easy to overlook errors.
The documents, language and process of buying or selling a home can be confusing to say the least. Having someone to not only read the documents, but really understand and inform you as to exactly what it all means is vital. You can rely on your attorney to clarify any vague language and provide you with the maximum level of transparency.
Real estate contracts often use language that is beyond the comprehension of most agents and brokers, much less the average person. Having a qualified expert on your side to explain the language and terms is in your best interest.
The biggest investment of your life should be protected. Regardless of where you are in the real estate process, Tucker, Yoder and Associates can provide you with the industry specific information clarification, and protection you need to ensure the process is as smooth and clear as possible.
DISCLAIMER: The information on this blog/site is NOT, nor is it intended to be, legal advice. It is for general informational use only. You should consult an attorney for advice regarding your individual situation. Further, this information does not create an attorney-client relationship.