Understanding the Role of a Real Estate Attorney
A real estate attorney is a legal professional who specializes in property matters, particularly in real estate transactions. They play a crucial role in safeguarding your interests throughout the home selling process. From reviewing contracts to negotiating terms and addressing legal complexities, their expertise is invaluable.
Advantages of Hiring a Real Estate Attorney
One of the primary benefits of having a real estate attorney on your side is their ability to thoroughly review contracts. Selling a home involves numerous legal documents, and a minor oversight could lead to costly consequences. A real estate attorney will ensure all contracts are accurate, protecting you from potential legal disputes.
Selling a home can be legally intricate, with potential risks that may arise unexpectedly. A skilled attorney can identify and mitigate these risks, reducing the chance of legal problems down the road. This proactive approach can save you time, money, and stress.
Negotiating with buyers, their agents, or other involved parties can be challenging. A real estate attorney has the expertise to navigate these negotiations professionally. They will work diligently to secure the best deal on your behalf.
Ensuring that the title of your property is clear is vital for a successful sale. Real estate attorneys conduct thorough title searches, uncovering any issues that might affect the sale. Additionally, they can help you obtain title insurance, safeguarding your interests if disputes arise after the sale.
The Step-by-Step Guide to Selling Your Home with a Real Estate Attorney
Step 1: Initial Consultation
The first step in engaging a real estate attorney is to schedule an initial consultation. During this meeting, you can discuss your home selling goals, address any concerns, and gain a better understanding of the attorney's services. Our team have excellent attorneys if you don't have a seasoned real estate attorney.
Step 2: Property Evaluation
Once you've decided to proceed with the attorney's representation, they will evaluate your property's legal status. This includes verifying ownership, reviewing any existing contracts, and identifying potential legal issues.
Step 3: Contract Preparation and Review
Your attorney will prepare the necessary legal documents for the home sale, including the sales contract. Before finalization, they will carefully review all documents to ensure accuracy and compliance with local laws.
Massachusetts is an attorney state. The attorneys handle escrow and when the listing real estate offices do not hold escrow - the listing seller's attorney will hold escrow until the close.
There is a one-time fee for real estate attorneys to complete the Purchase and Sale and close on the sale of house. The fees range from $700 - $1500 - depending on house and any title issues.
Our attorneys have years of experience and I rely heavily on the attorneys to be available for communication. Not having a good attorney makes for a difficult deal.