Buying and selling real estate can be a complicated process. Whether you are a first-time homebuyer, a home seller or a business looking at property, you will run into many different challenges you may need help solving. Not all real estate transaction steps require a lawyer, but there are some situations where you will want one with you.
1. The Property Has Physical Damage
If a property has physical damage, both the buyer and the seller will want real estate lawyers to negotiate this. Both parties need clarity as to who is responsible for fixing any damage and that the buyers are aware of the damage before purchasing.
2. The Land Is Owned By the Bank
If you are dealing with a situation like a foreclosure, where the land is owned by the bank, you will want a real estate attorney to negotiate with the bank. Working with banks can be difficult, so find a reliable real estate law Frederick MD service to help.
3. You Need To Fix an Issue With the Title
If an issue comes up with the title for the house, a real estate attorney can help with a “quiet title action” to speedily fix the problem. Issues with a property’s title should always be handled by an experienced real estate lawyer.
4. You are Selling the Land of a Deceased Relative
Selling the land of deceased relatives will require you to abide by their will. A real estate attorney can help with this process and make sure the sale is handled correctly.
5. You are Negotiating a Divorce
Consulting a real estate attorney during your divorce proceedings is absolutely necessary to make sure the sale of any property abides by divorce agreements.
Buying and selling property can be a complicated process, so make sure you can find a reliable real estate attorney when one is necessary.