Posted on: 21 May 2021Share
Buying or selling real estate property can be cumbersome, especially when a homeowner does not understand the process. Thus, a real estate attorney acts on a homeowner's behalf to set the correct property value, process the required documentation, and identify possible buyers, among other vital real estate procedures. In addition to streamlining property transactions, a real estate attorney ensures a homeowner complies with real estate and local housing laws. The laws differ in every state and require a legal expert to distinguish them. Below are some of the ways a real estate attorney helps homeowners during property transactions.
Setting Reasonable Property Prices to Attract Homebuyers
Before a homeowner can put their property on the market, a real estate attorney first conducts a property valuation to get the right price for the property. Every homeowner should be aware that the valuation process of a real estate property is not arbitrary but rather has guiding principles on how to set the correct value for a property. Therefore, a homeowner should consult a qualified real estate attorney. A lawyer's expertise helps ensure that a property sells because of proper valuation that accounts for the property's location, condition, access to amenities, and other relevant considerations.
Compliance with Real Estate Regulations
There is no one-size-fits-all process for real estate transactions, mainly because real estate laws vary in different states. Therefore, a real estate attorney reviews the whole property transfer process to ensure compliance with real estate laws and local housing regulations. Moreover, real estate property may be subject to different regulations based on its classification. Failure to comply with the proper legal procedure may invalidate the entire process, wasting time and money. Additionally, noncompliance may expose property owners to time and cost-intensive lawsuits.
Using Real Estate Networks
Real estate attorneys have spent years conducting property transfers. Thus, they are adept with the transfer process and have established valuable networks in the sector, easing the selling process. The networks built over time with other real estate players simplify targeted marketing and advertising, reducing the associated costs. Additionally, real estate attorneys can access brokerage databases for real estate properties from the developed networks. Thus, they provide ready access to property listing services. Multiple listing services contain relevant information on real estate properties and the property's viewing times. Furthermore, access to different databases allows a real estate attorney to screen potential buyers on a home seller's behalf. Screenings can save a homeowner from fraudsters, scammers, and unreliable buyers.
To learn more, contact a real estate attorney.