When you buy a house, apartment, or commercial property what is the first thing you think of? If you are like most people the answer will be “yes” but you should really ask yourself “Do I Need A Real Estate Attorney?” The answers to these questions can and will vary from person to person.
You may not know that in some states there are no agents or lawyers required to purchase or sell real estate. This does not mean you can sign any blank pieces of paper without an attorney present. In fact, there are many examples of when this is very important. For example, when buying a house in Mississippi you must have a real estate agent licensed by the state. Without a real estate agent, you could spend months trying to get through all the red tape and get your dream house sold. Not to mention that if you happen to have any legal troubles down the road, your attorney will be able to help you deal with them.
There are other reasons for having a real estate attorney to help you. For example, many people who buy real estate don’t fully understand all of the laws that apply. Even if you have all of the facts, a good real estate attorney will make sure that everything is legally defined and that you know where you stand. If you don’t do this there is a chance that you could be sued for breach of contract, fraud, or other such charges. This could ruin your life, even though most states have no-fault divorce laws. Without a lawyer, you could be sued without even knowing it.
Are you purchasing real estate because you need it or are you doing it just because it’s an opportunity to make money? No matter what your motivation, you need a lawyer to help you with everything. Some people purchase property for purely selfish reasons. They may see an opportunity for making a lot of money. They may not think that they really need a lawyer.
However, if you are doing it for purely altruistic reasons and if you don’t know what you’re doing, then you could be in big trouble. Even if you purchase a home for your own personal use, you still need a lawyer. You need to make sure that you know what your obligations are. Without a clear understanding of what you are agreeing to do, you could find yourself in big trouble if things go south.
Again, no one is perfect. People make mistakes. When you make a mistake, it’s important to make sure that you fix it as soon as possible. If you are thinking about purchasing property or if you are looking for a real estate attorney, you should do your homework today and find someone who knows what they’re doing.