Knowing when you should hire a real estate lawyer can help save you a lot of time, money, and hassle in the long run. At Linley Welwood, they understand how important it is to have a lawyer on your side when dealing with one of the largest transactions of your life. That is why all of their real estate lawyers are trained and experienced in handling all kinds of real estate cases.
When to Hire a Real Estate Lawyer
While most people tend to think that you only need to hire a real estate lawyer to protect your interests when you are purchasing a new home, real estate lawyers can help with a wide range of different situations, such as:
Selling Your Home Without a Realtor
Before putting your home on the market as For Sale by Owner, you should consider contacting a real estate lawyer so that they are up to speed and able to review any purchase offers that you receive from potential buyers. Having a real estate lawyer review all of the purchase offers will ensure that anything being agreed upon is fully reflected in the signed purchase contract.
Dealing with Post Sale Problems
If you have purchased a home and are now encountering problems that were not disclosed to you by the seller, a real estate lawyer will be able to help you determine if the undisclosed home problems are a matter of legal liability. The seller failing to disclose a material fact that impacts the overall value of the home can often mean that the buyer is able to sue the seller for compensation.
Reviewing Commercial Real Estate Transactions
Since the protections afforded to sellers, buyers, and tenants in the commercial real estate market tend to be much less than those in the residential real estate market, having an expert real estate lawyer review any leases or potential agreements will ensure that there are no surprises in your contract. Consider developing a lawyer relationship ahead of time, so that they can provide you with input on a potential agreement quickly.
If you would like to learn more about when you should hire a real estate lawyer, or if you are interested in their legal services for real estate cases, please contact the law experts from Linley Welwood at 604-850-6640 or by filling out a contact form on their website.