what questions should i ask a real estate attorney for purchasing a property

What questions should I ask a realtor?

Describe your particular situation and ask if they have ever worked on a case like yours before. Other questions to ask include: Are they primarily a real estate lawyer? If not, how much of their business is geared toward property law? How long have they been practicing law? How does your billing work? How much will their services cost?

What to expect from a real estate lawyer?

21 hours ago · The purpose of meeting a real estate lawyer is to win your dispute legally. If a lawyer does not have won a similar case previously, it will be a doubt the judgment will be in your favor. Thus, such questions are necessary to ask and get a reference. You must call such references and know the knowledge of the layer in dealing with real estate ...

How to find the best real estate lawyer?

Jan 19, 2022 · Here are some questions you should discuss before getting started. What is the minimum lot size you will need to build your dream home? How are the neighbors? Are there community attractions? What are the home values like in the surrounding area? How is the community’s population? Is it growing or shrinking? How is the area being developed?

What are good questions to ask an attorney?

Jul 25, 2021 · Ask to see the circuit box – does the wiring look up to date? How is the condition of electrical outlets and switches? (You can bring something to plug into try outlets.) Do all of the lights work? If not, why not? Does the property have any lead pipes? Do you see any issues with pipes in need of repair?

What does a real estate attorney do?

Once real estate agents settle the selling price and terms and contracts are signed, the real estate attorney takes over. The attorney reviews the contracts, negotiates repairs, makes adjustments in accordance with the terms of the deal, and may attend the closing. Some states require that an attorney be present at closing, ...

Is it prudent to invest in a real estate attorney?

Real estate transactions can be complicated. When buying or selling real estate, it is prudent to invest in the services of a qualified real estate attorney. Upon an initial consult with a real estate attorney, plan on asking the legal expert a few important questions.

Who takes over the closing of a real estate transaction?

Once real estate agents settle the selling price and terms and contracts are signed, the real estate attorney takes over. The attorney reviews the contracts, negotiates repairs, makes adjustments in accordance with the terms of the deal, and may attend the closing.

What is a real estate attorney?

Real estate attorneys are lawyers who specialize in real estate legal issues. When it comes to buying or selling property, they know better than anyone the ins and outs of property legalese. They work for the home buyer or home seller (in residential cases) and represent their best interests, for a fee. They also handle commercial real estate cases ...

How to sell a house with a lien?

If you are selling property, the below are all scenarios where you may wish to employ a real estate lawyer: 1 Selling a property you inherited 2 Selling a property during a divorce or separation 3 Selling a property with a lien 4 Short-selling a home 5 Selling a home with multiple owners 6 Selling a home with known problems (structural problems, mold and so forth)

Why do you need legal counsel?

For buyers, the following are all great reasons to seek legal counsel: Purchasing a bank-owned property or foreclosure. Purchasing a home with known home improvement issues. Purchasing a property in a flood zone or disaster prone area.

What is short selling a home?

Selling a property with a lien. Short-selling a home. Selling a home with multiple owners. Selling a home with known problems (structural problems, mold and so forth) Whether you are buying or selling a home, if you feel uncomfortable with the process, always seek legal advice.

Is it important to hire a real estate attorney?

Finding a real estate attorney or hiring a real estate attorney is very important. Just because a lawyer says they are a real estate attorney, does not mean that they are competent enough to accomplish what you need. You’ll need a real estate lawyer familiar with compound interest, annual interest rate, home sales, ...

What is the role of a real estate lawyer?

One of the key roles a real estate lawyer plays is that of document drafter. Real estate attorneys prepare deeds for conveyance transactions, leases and rental agreements, purchase contracts and financing agreements.

What happens if a real estate transaction does not work out?

Should the real estate transactions not work out, pending litigation is usually the end result. Real estate lawyers represent their clients in real estate litigation. This includes drafting legal pleadings to file with the judge, participating in hearings and trial with the judge, and filing appeals if necessary.

Where does Erika live?

Erika currently lives in New York Metropolitan area with her spouse, daughter and cat. She is originally from Chicago and still considers herself a midwestern at heart. Erika also loves to read, write and travel (fun fact, she has visited all 50 states and more than 30 countries!).

Who is Erika from New York?

Erika is a former Affordable Housing Director for the City of New York turned full-time Land Investor. She used to help New Yorkers find affordable housing, now she helps people find affordable land around the US.

11 questions to ask before you go house hunting

As you well know, buying a house is a significant investment. Before you start house hunting, think through your goals for homeownership. Why do you want to buy a house?

7 questions to ask when you interview agents

Contacting the agent listed on the for-sale sign of a house you’re interested in may not be the best way to protect your interest as a buyer. When you work with your own agent, that agent’s job is to represent your interests.

37 questions to ask when touring homes

This is an extensive list, and not every question applies to every situation. For example, if your goal is to purchase a single-family home, questions relating to condominiums don’t apply. However, this list of questions to ask when touring a house should give you an excellent start in making well-informed decisions when buying your first home.

11 questions to ask when making an offer and closing on a home

Real estate agents make offers on homes every day. Their job is to help you make the best offer while protecting you against potential risks with the transaction.

Do sellers have to disclose defects?

Sellers are required to provide a disclosure form listing any known defects, but what they don’t disclose and you don’t know can lead to major issues later. That’s why it’s critical to get a home inspection done by a professional home inspector as soon as a purchase agreement is signed.

Is a roof necessary for a home?

Let’s face it: roofs are necessary and expensive. If a home’s roof is at the end of its lifespan and you wind up having to replace it shortly after move-in, you’ll be shelling out thousands of dollars. Ouch. If the roof has existing damage, your lender may require that it be repaired in order to approve your loan.

What is a C.L.U.E report?

Get a copy of a Comprehensive Loss Underwriting Exchange, or C.L.U.E., report from the seller to see if there have been any homeowners insurance claims filed in the last seven years. This report can give you an insight into what, if any, damage the home has sustained from a weather event or vandalism that a home inspection doesn’t catch or a seller fails to mention.