A real estate attorney specializes in legal matters related to real property, including residential and commercial real estate transactions. Their primary role is to provide legal guidance and assistance throughout various stages of real estate transactions, ensuring that all legal requirements are met and protecting the interests of their clients.
The real estate attorney representing a property SELLER is responsible for several crucial tasks, including:
Drafting or reviewing the real estate contract.
Negotiating contract terms.
Providing general advice to the seller regarding the contract and sale.
Addressing and resolving title issues
Drafting / reviewing the deed.
Resolving any disputes that may arise during the transaction.
The real estate attorney representing a property BUYER is responsible for various tasks, including:
Conducting a title search to ensure that the title to the property is clear
Drafting a purchase contract / negotiating terms
Resolving any problems or disputes related to the deed or any other legal document
Recommending and obtaining title insurance.
The mortgage lawyer or closing attorney representing the LENDER performs various functions, which include:
Often serving as the closing attorney, without representing the buyer or the seller.
Drafting the mortgage contract and establishing the terms of the mortgage.
Acting as the legal representative of the lender in case of buyer default or foreclosure.
If serving as the closing attorney, documents related to the mortgage must be prepared for the closing.
HOW TO CHOOSE THE RIGHT REAL ESTATE ATTORNEY FOR ME!
1.Agent Recommendations: seek recommendations from your real estate agent, who may have worked with reputable attorneys in the past.
2. Client Recommendations: Clients' positive experiences can be a good indicator of an attorney's reliability.
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Ultimately, the decision to hire a real estate attorney depends on your specific needs and circumstances. The upfront cost of their services may be seen as an investment in securing a smooth and legally sound real estate transaction.
Call Murray Law Firm P.C. today for expert assistance with your purchase or sale. Our dedicated team of professionals is here to guide you through every step of the process, ensuring a smooth and successful transaction. With our extensive experience and personalized approach, you can trust us to protect your interests and achieve your goals. Contact us now to learn more about how we can help you achieve your real estate objectives.
Visit Us at 246 Walnut Street, Suite 102, Newton, MA 02460