When a person is considering purchasing a piece of property, one of the first things they usually do is look for a realtor to help locate the right type of real estate. In many cases, people think that a realtor is the only real estate professional that they’ll need during this process. While a realtor is certainly important in locating the right property, there should be ample consideration as well for the services of a real estate attorney in Carmel, NY.
Many people confuse the role of a realtor and a real estate attorney. One of the reasons for this is that, often times, a Realtor can do some of the things that a real estate attorney does. However, while a realtor is skilled at finding and often negotiating a fair price for a piece of property, they aren’t usually legal professionals.
When purchasing a piece of property, whether it’s a home or a piece of property for future development, there is often a large amount of paperwork that is going to need to be signed. Much of the paperwork is somewhat self-explanatory. But, when it comes to making agreements or signing a loan document, it’s often filled with legal terms that may go over the head of many real estate agents or home buyers. In these instances, having an attorney helping a person understand the meaning of certain legal terms can be very beneficial to a purchaser.
In addition to helping a purchaser understand various legal terms, a real estate attorney in Carmel, NY can also help ensure the property is free of any issues. Often times, local governments or contractors can place liens on a property for unpaid taxes or unpaid labor or materials that were used in the past. A real estate attorney like Spain & Spain PC can do exhaustive searches to determine if a piece of property has any existing liens.
If you’re considering purchasing an existing home, or a piece of property for future development, having the services of a real estate attorney is paramount. These attorneys can help negotiate prices, help a buyer understand the documents that are being signed and can help ensure that there are no unforeseen financial issues with the property.
