The real estate experience is exhilarating and challenging, whether you are a seller, buyer or seasoned investor of a residential, vacation or, commercial property. Real estate transactions take knowledge, determination, and skill to avoid the pitfalls of an unfavorable deal. Too often, emotions get in the way of sound judgment. Having a solid plan will align your purchase or sale with your long-term objectives. Property transfers can be complex, and there are many benefits for buyers or sellers to hire an experienced real estate attorney.
The Role of a Real Estate Attorney includes, but is not limited to:
- Streamlining negotiations
- Drafting and finalizing purchase agreements
- Reviewing documents
- Researching and securing a clear title
- Securing title insurance
- Communicating with lenders
- Representing clients at closing
Many legal matters can arise with the sale or purchase of a property. You want to be sure your rights are protected and, you are fully informed when making decisions. Unfortunately, many factors can expose the buyer or seller to hidden financial risks.
Having sound legal representation can safeguard against mistakes due to misrepresentation or nondisclosure of defects in connection with a property transfer.
In addition, a property can have points of contention regarding:
- Zoning issues
- Environmental compliance problems
- Legal claims
- Foreclosures or short sales
- Easement and boundary disputes
- Adverse possession
- Breaches of purchase agreements
- Landlord-tenant disagreements
How to Find the Right Real Estate Attorney
Hiring the right real estate attorney can give a buyer or seller unique advantages. It is advisable to have an attorney with extensive experience in Business Law. A lawyer should be adept at the current local, state, and federal regulations. You want to hire an attorney with knowledge of the ever-changing tax laws that impact property transactions.
1031 Exchanges are a specific type of transaction that allows a property owner to sell their property and invest in a similar property. This type of transaction defers paying taxes on capital gains or losses incurred in the sale. These complex real estate deals require a legal representative knowledgeable in the rules and restrictions imposed by the Internal Revenue Service.
The right attorney can assist with property assessment and appraisal appeals so that the buyer pays only the taxes they owe. Florida offers a Homestead Exemption, which reduces the assessed property tax value under specific circumstances. A seasoned attorney can help owners qualify for a Homestead Exemption.
Search the Southern Cross Media Lawyer Directory
The Southern Cross Media Lawyer Directory can help you locate and connect with legal professionals in your area. Our Lawyer Directory is a database of attorneys with a valid license in good standing with the Florida Bar Association. In searching our Lawyer Directory, prospective buyers and sellers of real estate can learn about an attorney’s practice areas and philosophy.
In choosing a lawyer, we always recommend an interview so that you can assess a lawyer’s personality and whether it is compatible with your own. Hire an attorney you are comfortable with as a person and a professional so that they can be most effective in representing you. Property ownership is an essential part of the American dream. If you are purchasing or selling real estate, search the Southern Cross Media Lawyer Directory today! It will help you make the right choice for a successful real estate investment.