Buying and selling property comes with a million things to do. You need to pay for them all: property appraisals, home inspections, taxes, insurance, real estate commissions, lawyer fees, and more. That’s a lot, and they add up fast. With a long list of costs, you might miss a thing or two. If you don’t want to pay more than you should, hiring a lawyer is a must. Read on to understand what that means.
What Does a Real Estate Lawyer Do?
When you hire a real estate lawyer in Lafayette, IN, you’re getting someone with the skills and experience to ensure the legal transaction—whether you are buying or selling property—goes off without any problems. They represent you, answer your questions about the legal aspect of the transaction, draft contracts and documents, and oversee the closing process.
Why Do I Need a Real Estate Lawyer?
The work that real estate attorneys handle doesn’t seem important to you. However, you need one because:
• The law requires it. Some states require it. However, Indiana doesn’t. It’s still best that you involve a lawyer in the transaction. You need one to review the final contract.
• Gives you peace of mind. Having a lawyer to help you with the closing details gives you peace of mind. You’re assured that everything is legally above-board. The last thing you want is to buy or sell property only to end up entangled in a scam or a problematic property.
• It’s a complicated transaction. You’re not just buying or selling property. You’re dealing with a foreclosure, the property has zoning problems, property line issues, and more. You need a real estate lawyer to iron out those problems.
How Much Will It Cost?
It depends on the lawyer’s experience, the extent of the help you need, how they charge for their services, and where you live. Some offer free consults, so take those offers. Others charge by the hour and some by a flat fee, so ask around before hiring one.
Contact Ball Eggleston for more details.
