Are you thinking about buying a house? Or are you in the process of buying a house but things are not going the way you had planned? At this moment, you are scared that the deal might fall through and you will end up losing a lot of money that you had saved for years? Now, you are thinking about making things right, or at least get them in such a shape that you can recoup as much money as possible before everything ends. If that’s the case, you are highly recommended to get the help of a real estate lawyer.
There is much more a lawyer can do than you might imagine. Asaf Izhak Rubin, an expert real estate lawyer, says that even when you and the lawyer are looking at the same case, your lawyer is looking at it from at least three more angles than you are. They have their ways of making things work in your favor and that’s why you should hire them. Let’s know more from the real estate lawyer himself.
The Real Estate Agent Is Not Off the Hook
When you are going through a real estate transaction, you are constantly in contact with a real estate agent. You only get to meet and see the seller once every few days. You do talk to them, but you don’t have a relationship with them. On the other hand, since you are constantly talking to your agent, it seems to you that you have a great relationship with them. That’s not true at all. An agent is going to find a way to close the deal as soon as possible because only then they can make money. When things go wrong, you point your finger in the direction of the seller.
What you don’t know is that your agent might have known those things you are just discovering all along. In that case, a lawyer can hold them responsible in the court.
The Seller Is Not Always Evil
In a lot of residential real estate cases, the common issue that arises is of the title of the property. Asaf Izhak Rubin says that property title issues are more common than you might think. However, you can’t say that the seller had a bad intention in selling a house with title or ownership issues. The title of the house can be divided into many categories. Furthermore, a house that has been inherited from someone might have other heirs as well. It is very common for homeowners to not know that there are other title holders in the property too.
When they tell you that they own the house, they do own the house. However, they are not aware of the intricacies that might arise if the house was transferred from a deceased person to multiple family members. Only a lawyer can then help you in resolving the matter without damaging anyone’s reputation.
Sometimes It’s Not One’s Fault
Do you know that even when there is something wrong in the documentation, it is no one’s fault sometimes? So, when you discover something that is not supposed to be there, the seller might make the same discovery. Perhaps, the real estate agent followed a standard procedure without consulting with the two parties. At times, there are small issues in the papers that only a person versed with legal terms can know. Overlooking such errors and ending up with a flawed agreement is possible. Again, Asaf Izhak Rubin believes that a small problem does not mean small damage.
Even the smallest issues and slightest oversights in real estate agreements and contracts can mean a lot. The party that can receive damage because of that oversight might not be forgiving. Furthermore, a layperson might not see the possible angles in a case to resolve it, but the lawyer can. That’s why it makes full sense that you hire a real estate lawyer before you even begin the transaction.