What Exactly Does a Real Estate Lawyer Do?
Why It’s A Good Idea To Consult A Real Estate Attorney
Hiring a South Florida residential real estate attorney can take a lot of stress out of buying or selling a property, whether it be a home, commercial building or vacant land. Real estate lawyers help ensure the process runs smoothly – and helps settle disputes when it doesn’t.
Your Fort Lauderdale real estate lawyer will oversee the acquisition of property from start to finish so that you can buy or sell with confidence. More often than not, a real estate lawyer will save you time and money, by taking care of paperwork and details and ensuring all legal issues are in order before the transaction is complete.
So, what exactly are the responsibilities of a real estate lawyer?
- Prepare and review documents: One of the main tasks of a real estate lawyer is to take care of all documentation involved in the transaction. This can include purchase agreements, mortgage documents, title documents, and transfer documents. They will also take care of exchanging documents and, ultimately, keys with the other party’s lawyer.
- Assist in negotiation: Whether you’re a buyer or a seller, you’ll need an experienced real estate attorney to help negotiate the terms and conditions of the property, as well as the price. The lawyer can also help negotiate mortgage acceptance, interest rates, and payment plans with your lender.
- Write title insurance policies: Title insurance helps to protect the buyer from defects of title. The lawyer can both write the policy and help handle any issues that arise with title insurance.
- Handle closings: Closing is the final step in a home transaction – you want to make sure it’s done right. Your real estate lawyer will ensure everything is in order before you officially become the legal owner of a property. They will help you ensure closing contingencies, such as home inspection, appraisal, and loan documents, are met, and can do the final walkthrough with you and your realtor.
Since real estate law varies by state, you’ll want a South Florida residential real estate attorney on your team of professionals overseeing your purchase. Not only will they know real estate law specific to the state, but they also have an understanding of the municipality or region where the transaction is taking place.
Get Help Now
If you’re looking for a Fort Lauderdale real estate lawyer, give our team at Schecter Law a call today at (954) 779-7009. We love to live and work in Florida, and we think you will, too.