Dealing with a Real Estate Attorney

Lawyers can be very effective in your real estate business, especially when you are an investor. When I'm inspecting a home and signing an agreement, I have observed my buyers are trying to reduce if they can get away without a real state attorney.

Beverly Hills, CA (prHWY.com) March 1, 2012 - Lawyers can be very effective in your real estate business, especially when you are an investor. When I'm inspecting a home and signing an agreement, I have observed my buyers are trying to reduce if they can get away without a real estate attorney. The answer is NO! Especially with Boston condos which come with a 3 inch stack of condo regulations for the association you are buying into as well as a Master deed which is often over 100 pages, it's too dangerous. All of that has been read by your real estate attorney and with their training, they will be able to spot some red flags that will cost your money down the line. You are wide open for problems especially if you don't have a real estate attorney. An example of this is when she will urge you to get title insurance which costs about $1500 and defends you if there are any legal problems somewhere in the past. When most Back Bay, Beacon Hill, South End and Brookline buildings were constructed many of these condos and single family homes have changed ownership dozens of times since 1880 to 1900.If there is a problem, this Title insurance protects you from any claims on the property. Whew! It would be a twisted event if you were to loose you home on a legal technicality. For instance, maybe someone in the 60s sold the unit on false pretenses.

They could come after you if someone did not even have the right to sell the property. Your property, your money and you will be protected by the Title insurance. $1500 well capitalizes. To save money, most people are open to doing things themselves. Please trust me If tell you that this is not the place to tweak pennies. One example of sound advice from a real estate attorney is the Title assurance. Increased chances of getting short changed in some manner if you don't have a lawyer. She actually READS that 3 inch stack looking for potential problems. How do you locate an attorney? Like me, most Buyers Agents keep a current list of qualified lawyers. This list is consisting of information about the best we have worked with. These attorneys know how to handle condos in the city as well as suburban single family homes. I have here the current list of the best attorneys I have worked with.

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Tag Words: real estate attorney

Categories: Legal

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