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Why You Need A Lawyer For Buying And Selling Property

While some might argue that using a lawyer for real estate transactions adds thousands of extra dollars to the cost, there are a number of reasons it can be worth the investment. 

Here are three reasons why you should consider hiring a lawyer for buying and selling property:

1) Contract Negotiations

Whether it is negotiating terms and price, memorializing the details, or handling discrepancies between various state laws, the contractual process in real estate deals is often too complicated for those without proper legal training. If you run into structural problems or environmental issues, what happens next? A legal expert can help you protect yourself from a contractual standpoint. 

2) Difficult Circumstances

Facing a foreclosure, short sale, or looking to purchase a property owned by a bank? You might need a lawyer to confirm there’s nothing wrong with your property title for the lender or title company. Navigating commercial real estate? Consider the benefits of getting legal advice to navigate tenant and tax rules and regulations. 

3) You’re starting a business

If starting a business or looking to expand your current one, you should consult an attorney with subject matter expert. They can make sure you have all the approvals you need for your property and business. Going through the ins and outs with an attorney ahead of time will make sure that your business moves forward smoothly. 

As you consider purchasing property, whether it be for personal or business reasons, it is always important to consider the legal ramifications.