Selling a home can bring complications that are beyond the knowledge of home owners and real estate agents. Seeking the advice of an attorney during a home sale is a wise move; here are nine reasons why:
- Adhere to local laws: Ensure compliance with regulations by consulting with a real estate lawyer, even if not legally required, to avoid potential issues during the sale.
- Navigate a "for sale by owner" (FSBO) arrangement: Selling without an agent involves significant paperwork and legal intricacies, which a real estate lawyer can guide you through, ensuring a smooth process.
- Resolve liens and judgments: Address any outstanding debts on the property beforehand to prevent complications during the sale. A lawyer can help you negotiate payment with creditors.
- Settle title issues: Real estate lawyers can handle various title complications, such as illegal deeds, clerical errors, or undiscovered heirs, ensuring a clear title for the buyer.
- Address easements: Lawyers can assess and resolve easements on your property, which may deter potential buyers; and offer solutions to terminate or mitigate their impact.
- Take the pain out of a sale after a divorce: Handling property sales during or after a divorce can be emotionally challenging, but legal guidance helps navigate ownership issues and facilitate a smoother process.
- Prevent or ease the burden of foreclosure: In financial distress, a real estate lawyer can negotiate with mortgage providers for loan adjustments or facilitate short sales, potentially avoiding foreclosure.
- Handle tenants without headaches: Tenants' rights and legal obligations can complicate home sales, but legal advice ensures compliance with lease agreements and eviction laws.
- Simplify complex estate sale: Real estate lawyers assist in managing legal complexities and tax associated with inherited properties, ensuring a seamless sale process.
If you are enrolled in LegalShield, your provider attorney can help with your home sale. If you are not enrolled, consider doing so at your next enrollment opportunity