Contract Executions: The Importance of a South Florida Real Estate Attorney
Many home buyers make the mistake of hiring a South Florida real estate attorney only after their contract has been signed and a conflict has occurred, when they would have greatly benefited from hiring a real estate attorney at the start of negotiations. It is particularly important to hire a South Florida residential real estate attorney before you sign any agreement, and ideally long before the contract has been negotiated, as your home purchase is usually your most important investment.
Once a real estate agreement has been signed, there may be little to no recourse for renegotiating the terms of the agreement. Many contracts have an attorney review clause that allows terms to be renegotiated by a South Florida residential real estate attorney for a period of time, but if you are unlucky the contract you signed may not have had this clause. There are other buyer protections that you need in your contract, and if you wait until the point that the contract has been signed it is too late.
Hiring a South Florida residential real estate attorney to negotiate the terms of your contract will ensure that the terms are favorable to you. A South Florida residential real estate attorney can also negotiate repairs on a home at the point of closing and handle the many other issues that can pop up around the time closing. Your real estate attorney should also “catch” title defects and will review other important documents prior to closing.
It is also of particular importance that you have an unbiased party with your interests in mind at the point of closing. Although your realtor may have your interests in mind during the process of searching for a home, at the point of closing some realtors want the transaction to be completed as quickly as possible so that they can receive their commission. Your South Florida residential real estate attorney should only be concerned about the fairness of the agreement to you at the point of closing, and will ensure that your contract has no pitfalls that can pop up later on and require litigation or other resolutions that can cost you thousands of dollars.
By hiring a South Florida residential real estate attorney before you sign a real estate agreement, your attorney will be able to fully review the contract and renegotiate any terms or add new clauses for your protection. The money that you spend on a title company can be used to hire a real estate attorney for closing, and it will be money well spent, as your South Florida residential real estate attorney is best suited to represent you both during negotiations and at the point of closing.
Contact a experienced South Florida residential real estate attorney at Schecter Law today to look over your contract and represent you before you sign your next real estate agreement