Buying or selling a home is already stressful enough without having to worry about handling complex legal matters too. While a realtor is essential, there are certain situations where it's wise to enlist the help of a real estate attorney as well. Real Estate Litigation Brooklyn NY attorneys can provide invaluable guidance and protect your interests throughout the real estate transaction process.
Reviewing contracts with a
keen eye -
One of the most common
reasons to hire a real estate lawyer is to review contracts and other legal
documents involved in a property sale or purchase. These can include buy-sell
agreements, mortgage documents, title paperwork, and more. An attorney can
ensure you fully understand what you're signing and that the terms are fair and
in your best interests as a buyer or seller.
Navigating complicated
transactions
Some real estate deals are
more complex than a straightforward property sale. If you're engaged in a short
sale, foreclosure, or investment property transaction, it's highly advisable to
work with a real estate attorney Brooklyn NY from the start. They can
deftly guide you through the process while watching out for any potential legal
pitfalls.
Disputes and litigation -
Despite everyone's best
efforts, disputes can sometimes arise between buyers and sellers, property
owners and tenants, or other real estate parties. If negotiations break down, a
real estate lawyer may be able to resolve the conflict through mediation or
arbitration. And if it progresses to litigation, you'll want legal
representation in court.
Title issues and property
defects -
Before closing on a
property purchase, the title must be cleared to ensure there are no outstanding
claims or defects that could create problems down the road. A real estate
lawyer can perform a title search, deal with any issues that arise, obtain
title insurance, and ensure you take ownership free and clear. They can also
assist if undisclosed defects are found after closing.
Those with significant
real estate investments or highly valuable properties may want to hire an
attorney to protect those assets. They can set up trusts, draft wills and
facilitate proper inheritance planning. Real estate lawyers also assist with
zoning compliance, land use issues, and landlord-tenant matters for investment
properties.