You may have heard a lot about real estate attorneys and wonder what situations in real estate would require an attorney. Many people are able to purchase or sell real estate without any need for an attorney (except in places where they are required) so you may wonder what their purpose is. Here are a few examples of when real estate would require a real estate attorney.
- Foreclosure: Something like a foreclosure or a short sale may require a real estate attorney. When you are working with a bank to buy a home then it may be smart to get an attorney to work out the deal.
- Commercial Real Estate: In cases of commercial real estate you may want an attorney to help with lease agreements and other documentation. Especially if you intend to have tenants you may want to consult with an attorney to help write documents.
- Judgement: If you personally have filed for bankruptcy or have a judgement against you, you may want to hire an attorney to help you purchase real estate.
- Expertise: Most real estate agents are versed in and qualified to know all the documents and legal codes required to do their job, but an attorney will be an expert on these topics. If you are looking at a more complicated piece of real estate, involving city codes and zoning laws, or simply want more peace of mind, then maybe a real estate attorney is right for you.
While hiring a real estate attorney can be expensive, sometimes it is necessary. If you ever find yourself in some of these circumstances, then you should consider hiring a real estate attorney.
