Most people don’t think they’ll need a lawyer when dealing with real estate, but that couldn’t be further from the truth. A real estate lawyer is necessary in several situations, even if you’re buying a house. This article will review the main times you’ll want a real estate attorney beside you.

Buying Houses

Many believe they only need a lawyer if they spend millions on a house, but that’s untrue. According to Forbes, houses valued at $256,000 or less comprised 23% of the existing home listings in April 2023. A lawyer can help you ensure there aren’t liens or loans against the title, ensuring you can legally buy the house.

Property Issues

Disputes regarding where the property line is between neighbors are surprisingly common. A lawyer can help you review where the property line is. They can also help you learn local property law, such as whether you can trim parts of a tree on your neighbor's property. Having a lawyer beside you ensures you won’t have to deal with a vicious lawsuit because you accidentally broke the law.

Fraudulent Matters

Real estate fraud continues to become more prevalent. A person may misrepresent the house's condition or knowingly try to sell you a house they don’t own. A lawyer will carefully review interactions to help ensure you’re not being scammed. Having an attorney fight by your side if you’re a victim of real estate fraud is crucial to ensure you get your money back.

Foreclosures

A foreclosure can be stressful and overwhelming. You may not know your legal rights in these situations. A professional with experience in real estate can help you learn your rights and ensure the house is legally foreclosed on. They can also help negotiate new terms with a bank to help get you out of foreclosure. This is crucial because an attorney can help you keep your house.

Partnerships

More people are partnering with others to purchase investment properties. However, it’s necessary to have a legal contract to ensure there aren’t misunderstandings and you are both clear about your role in the investment property. A real estate lawyer can also work as a mediator to help resolve disputes.

We have extensive experience in real estate law. Our professional team at Peacock Keller, LLP can listen to your case and tell you how we can help. Contact us today to schedule your consultation.