When conducting the sale of your home there are many parties involved in the process including mortgage brokers, home inspectors, real estate agents, and contractors of all sorts. Each of these parties will have their own benefits to bring to the table and throughout the real estate transaction process.
Throughout this process there is one aspect that some buyers and sellers alike seem to gloss over; selecting the ideal real estate lawyer that will represent them throughout the entirety of their real estate transaction. Neglecting this portion of the process puts sellers and buyers at a significant risk, attempting to DIY this process, is one way that people unwittingly put themselves at a lot of risk. Yes, there are times that someone may go through the process unscathed, but the risk is present nonetheless.
The first thing you should do is prepare a list of questions to ask any potential lawyer, this will ensure you are consistent during your search and will also enable you to find the most appropriate candidate based on their answers. Doing your due diligence throughout the transaction process of creating and signing paperwork is incredibly important, the best way to ensure that his goes according to plan is to have the right real estate lawyer.
Ask your potential real estate lawyer to describe their experience in this area and what sort of experiences they’ve had personally with solving problems in this area. This will give you a good idea of how experienced they are and also the confidence that if things don’t go according to plan how they can rectify the situation.
There are many ways you can go about actually locating a lawyer that’s going to be the best fit for you. Some people will simply search online and find a few potential suspects this way but this may not actually be the best method. Another advisable way is to ask friends and family for suggestions. Speaking with someone who has firsthand experience working with the lawyer is going to be a much better example of the person you’ll end up working with.
Once you’ve spoken with your friends & family, the next best place to investigate is by asking your local real estate brokers. It is no surprise that they’ll have a pretty close working relationship with real estate lawyers and will be able to point you in the right direction
Armed with knowledge and a plan finding the right real estate lawyer for your transaction is a simple process.Posted by Gurpreet Ghatehora on