Do I Really Need an Attorney for My Real Estate Transaction?

“Buy land, they’re not making it anymore.” 

As this Mark Twain quote illustrates, real estate transactions are some of the most important investments a person can make. In fact, the real estate market serves as one of the best indicators of economic health, and owning real estate is a marker of success. 

Real Estate transactions can be complex and involve research, contracts, and legal hoops. We highly recommend contacting an attorney before you sign a real estate contract, in order to prevent headaches and costly pitfalls down the road. 

3 Reasons to Seek Legal Advice Early for Your Real Estate Transaction 

Our Real Estate attorneys offer critical services for both sellers and buyers when navigating transactions, providing crucial guidance and support:

1. Drafting and Reviewing Real Estate Contracts:  

When Real Estate attorneys draft or review a contract, they ensure the document clearly states what each party is responsible for.  

No matter what side of the transaction you are on, an experienced attorney will anticipate potential issues that could lead to expensive disputes or litigation.  

2. Assisting with Zoning Issues:  

Having an attorney assist you with your transaction can help you interpret local zoning laws. You will be guided through the permitting process and be advocated for before zoning boards to obtain necessary variances or conditional use permits. Your attorney can also help you navigate zoning disputes with neighbors, as well as ensure compliance with zoning regulations overall.  

3. Potential Litigation: 

Your attorney can help you navigate litigation if it arises.  Not only will a thorough, proactive approach give you peace of mind throughout your Real Estate transaction, but a contract that is reviewed or written by an attorney is easier to enforce in court if the other party fails to fulfill their obligations. 

The Cost Now Versus Later 

It may seem counter-intuitive that a real estate lawyer can save you money, but for legal matters relating to a large investment, the cost of a good lawyer is a drop in the bucket compared to the cost of legal mistakes.  Identifying potential missteps early on can save you thousands of dollars down the road.  

The simple presence of a legal professional on your side of the table can do wonders in managing the frequent pitfalls of individual and commercial real estate purchases.  If you are a novice, you may be an easy target for the many people involved in the process who, at best, are trying to earn their fair share of the cut and, at worst, may even be looking to take advantage.  

After negotiations are complete, closing attorneys serve the additional and essential role of handling any potential disputes that may arise regarding the title, the mortgage company, inspection issues, or otherwise. 

By facilitating your real estate transaction, you can feel confident that your purchase is being skillfully managed. This can result in a smoother transition of ownership and prevent missteps. 

Contact an Experienced Nowlan Law Real Estate Lawyer 

Whether you are an individual or a corporate entity, a buyer or a seller, we offer solid legal guidance with all matters relating to Real Estate law. 

At Nowlan Law, our experienced Real Estate Law team can knowledgeably assist you through every stage of your transaction. Our attorneys are LOCAL, which means we are more familiar with local ordinances, customary practices, and have strong relationships with the title companies utilized to close local real estate transactions. 

We know the significance of these purchases for our clients. Contact us now to learn more about how we can help.