It’s easy to think that working with a real estate agent is all of the professional guidance you need in a real estate transaction. However, this assumption can end up costing you more money than you realize and, once it’s done, there’s no way to recover those losses. In a nutshell, this is why it’s important to hire your own real estate attorney, though a closer look at individual reasons may help you understand what your lawyer can really do for you.
One reason that you should hire a real estate attorney Jacksonville Beach FL is that you want someone on the transaction not motivated by your choices. The real estate agent, lender, seller or buyer, and dozens of others involved in the transaction make more money based on your choices. From commissions to incentives, the choices you make impact how much money these other professionals earn. Alternatively, you pay your attorney a flat fee and, in exchange, he’s obligated by his ethics to act in your best interests.
This means you can trust your lawyer to advise you against taking actions that could end up costing you more money. An experienced real estate lawyer will know what consequences can be expected following certain actions, so he can give you a full assessment of the situation. This can prevent you from taking actions that go against your interests. Without that kind of legal advice, others may advise you to go through with certain actions because it will benefit them or their organizations.
Additionally, every real estate transaction is complicated situation, requiring the completion of paperwork and the meeting of important deadlines. Missing one deadline or failing to provide the necessary information could cost you the transaction and any down payment you submitted. Your attorney can ensure all of your paperwork and documents are submitted correctly and on time.
It’s very likely that the other parties involved in the transaction will have lawyers working for them. Even lenders have their own attorneys. By failing to hire your own legal representative, you’re beginning the transaction at a disadvantage. For your own protection, hiring an attorney is essential in any real estate deal.