Hiring an Independent Real Estate Attorney Instead of a Real Estate Agent Referred Attorney (Part 1 of 3)
There are several types of real estate transactions and circumstances where you should consider hiring an independent Fort Lauderdale real estate attorney to represent you. An experienced real estate attorney will ensure that your interests are protected, and it is well worth the cost if you are even slightly concerned about the deal.
If you are buying a property from an area you are not familiar with, a short sale property or a foreclosure, a property that is susceptible to hurricane or flood damage, a property with structural issues, or a commercial property, you will want to hire a Fort Lauderdale real estate attorney to represent you. You also should strongly consider hiring a Fort Lauderdale real estate attorney to represent you in all real estate closing instead of a title company, as the costs are comparable.
A Fort Lauderdale real estate attorney can help negotiate the terms of your real estate contract, catch title defects, explain the legalese of the contract to you, and in general will watch out for your interests and let you know right away if there is something to be concerned about before the deal is finalized.
A Fort Lauderdale real estate attorney will also be familiar with the legal remedies if one party tries to back out from the deal, or if one party does not make good on the promised terms of the agreement. In any type of complicated real estate transaction, or any transaction where you are concerned about your interests being represented, you will want to hire an experienced Fort Lauderdale real estate attorney to represent you.
During the process of searching for a property or at the point of closing your real estate agent will often recommend their own Fort Lauderdale real estate attorney to represent you. The problem with agent referrals is that their attorney may have a particular loyalty to that agent or their agency. The attorney may inadvertently try to move the deal along quickly, even if it is not in your best interest.
There is also a concern with an agent referred Fort Lauderdale real estate attorney that he or she will do everything possible to save a bad deal that is in danger of falling through, because the agent is only compensated once the deal is finalized.
An independent Fort Lauderdale real estate attorney is your best option when you need to hire an attorney for a real estate transaction, and you should do your own research to find the best Fort Lauderdale real estate lawyer who has experience with the type of transaction you are dealing with.
The Fort Lauderdale real estate attorneys at Schecter Law have experience with residential and commercial real estate transactions and can advise you on your particular deal.