Guide To Hiring a Real Estate Attorney

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Guide To Hiring a Real Estate Attorney
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Introduction

• Many people feel that hiring a real estate
  attorney can be expensive when selling or buying
  a house. However, its very important to get
  yourself one before striking any real estate deal
  to avoid risks and damages that might arise
  later.
• Purchasing a home in the USA is the most
  expensive investment. This is the reason why it's
  so essential to hire a real estate attorney
  because you need to protect yourself from
  damages. Some states don't require a real estate
  lawyer at closing when purchasing/selling a house
  while in some states, it's mandatory.

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Table of Contents

• States Requiring a Real Estate Attorney in the
  USA
• Functions of a Real Estate Attorney to a Buyer
• Functions of an Attorney to the Seller
• Real Estate Attorney Charges
• Importance of an Attorney to the buyer
• Factors to Consider Before Hiring a Real Estate
  Attorney
• Local Attorney Contact Details

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States Requiring a Real Estate Attorney in the
USA
As we discussed above, your state will determine
if you need a real estate lawyer or not. However,
states usually bring up new legislations.
Therefore, you have to confirm with your state
laws. Below are the states that demand the
presence of a real estate attorney

• Delaware
• Columbia
• Maryland
• Georgia
• New Jersey
• New York
• South Carolina
• Virginia
• Maine
• Florida

• Kansas
• Kentucky
• Alabama
• Connecticut
• New Hampshire
• Mississippi
• Rhode Island
• Pennsylvania
• Vermont

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Functions of a Real Estate Attorney to a Buyer

• It's very important to understand the roles of
  your real estate lawyer when purchasing a
  property. Below are some of the functions of the
  lawyer
• A lawyer protects you from the risk of damages.
• Helps you with all the transactions concerning a
  property.
• They write the documents of purchase agreements.
• Negotiate on behalf of the buyer.
• They are present during the closing of a
  mortgage.
• They secure a mortgage.

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Functions of an Attorney to the Seller

• A lawyer helps the seller to draft the terms of
  sale.
• Helps a seller solve tax problems.
• He prepares and reviews all the documents like
  the title deeds.
• He negotiates the closing dates.
• He drafts a certificate of satisfaction. This
  certificate outlines that the seller doesnt have
  any pending debts concerning the property.

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Real Estate Attorney Charges

• Hiring a real estate attorney is expensive, but
  the price cannot be compared to the loss of
  losing your money because you didn't hire one.
  Hiring a lawyer can cost you from 800 to 1200.

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Importance of an Attorney to the buyer

• When intending to buy a property, some reasons
  will compel you to get a lawyer even if your
  state doesn't necessarily need one. These reasons
  are
• You want to buy property from a bank.
• You want to purchase a commercial property.
• You want to buy a property, but it has issues.
• You're purchasing a property that is prone to
  risks like harsh climatic changes.

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Factors to Consider Before Hiring a Real Estate
Attorney

• Before settling for a real estate lawyer, there
  are important things you should consider. These
  are
• Hire an experienced real estate lawyer
• Don't assume this don't just hire any lawyer.
  You need a real estate lawyer to help with all
  the legal agreements concerning your purchase.
  It's not that other lawyers can't handle a legal
  sales agreement, but real estate attorneys have
  experience in the real estate field, so your
  protection is guaranteed.
• Ask the attorney about his/her experience and
  mention your case and judge if the lawyer can
  bring a solution that can solve your problems.

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• Familiar with Your State
• Hire a lawyer who knows everything about your
  states like taxes and pricing. He should also
  know what best for you. Your lawyer should have
  all the information before closing a transaction.
• Cost
• Its important to discuss the cost of services
  with your real estate lawyer before drafting a
  contract. Expound on their rates and other costs
  and how they want to be paid, either monthly or
  hourly or flat rate.

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• Plan
• Its good to ask your real estate about the plan
  he intends to use when solving your case. He
  should give you a strategy that will be used. If
  he can't give a good plan, then don't sign a
  contract with him because this proves he is not
  fit for the position.
• Experience on Similar Cases
• Experience in solving similar cases is as
  important just as professional experience. A good
  real estate lawyer is the one who has handled
  cases related to yours. This is because he will
  know what might cause him to win or lose a case.

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• Final Word
• It's very important to have a real estate
  attorney when purchasing or selling a property in
  the USA. It doesn't matter if your state requires
  one or not it's a matter of self-protection
  against any risks that may arise. If youre a
  buyer, you might find yourself at a higher risk
  of buying a property with pending taxes if you
  dont involve a lawyer. Dont just look at the
  costs, consider the risks too.

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Local Attorney Contact Details
Attorney Dan E. Martens

• The Law Office of Dan Martens - Dallas TX
• 17101 PRESTON RD
• STE 160 DALLAS, TX
• 75248-1369

The Law Office of Dan Martens - Plano TX 5600
Tennyson Pkwy Ste 382 Plano, TX 75024-4067
Phone - 972-335-3888
Website - https//danielmartens.com/contact-us/