Find A Real Estate Lawyer – Role Of A Lawyer In Property Sale

If you are selling your property, you must find a real estate lawyer to be equipped with precise legal support to handle legal issues involved in the sale. Buyers appoint their own lawyer, so make sure that you have reinforced your legal position with an experienced and proficient real estate lawyer or attorney. When you are searching for a lawyer, you must check out his profile, cases handled and resolved by him, his credentials, profile of the law firm in which he is practicing and many more factors. The easiest way to look for a best real estate lawyer would be to go through online real estate lawyer sites, rather than looking around in your vicinity. Checking track records and credentials of a lawyer becomes easy task through websites of the law firms and individual legal consultants.

Job Of A Property Seller’s Lawyer

Although there is no distinctive function or job defined for a lawyer taking care of legal issues in the sale of a property, such a lawyer usually performs the following tasks to help you in property sales –

1. He/She will draft and review sales contract

2. Ensure title of the property and the documents pertaining to the property are properly included in the sales

3. Revise mortgage information and re-calculate transaction to ensure that those are correct

4. Revise tax bills related to the property

5. Adjustment of dates for utility costs, condominium costs or municipality costs

6. Assessment of the amount of due refunds, if any

7. Drafting statement for adjustment

8. Drafting transfer deeds

9. Taking care whether their clients are able to deliver title to the buyer, when the sale is closed.

Documentation Asked By A Real Estate Lawyer From His Clients

As a seller, you are required to keep ready some essential documents if are about to find a real estate lawyer. Following are the documents your lawyer would require –

Latest tax bill issued on your property
Last year’s utility bills on property
Mortgage details
One copy of the offer accepted by buyers
Transfer documents on the property since when the property was purchased
Additional relevant records which prove that you are the owner of the relevant property.

Fees Charged By Real Estate Lawyer

As you close a property sale deal, be prepared with some payments. Find a real estate lawyer to take care of these payments, including real estate attorney fees. You must keep aside a portion of your profit for insurance, taxes, liens and assessment, escrow charges or charges for title insurance, inspection fees etc. Your real estate lawyer may charge you commission and transaction fees.

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Get a Commercial Real Estate Lawyer to Handle All Your Transactions

Lawyers usually play a very important role in broking real estate deals. By employing the services of a lawyer in your transactions, you will realize that your clients trust you more. Furthermore you will save time by letting your lawyer to handle all the transactions on your behalf. In addition to these, a commercial real estate attorney will come in handy in various stages of transactions and exchange of property to representing you on litigation matters. Therefore, regardless of your level of capitalization, whether you are a small time or big business owner; commercial property lawyers are there to take care of all players in the industry. You can always count on commercial lawyer for professional, knowledgeable and responsive services. Such lawyers cover extensively matters involving both huge sums of money as well as small investments.

Parties that can seek services of real estate lawyers

The industry is detailed and complex by virtue of the items being traded as well as different people and professionals that are involved. As a result anyone that operates in this industry that is not necessarily a buyer or seller of property can actually seek legal solutions from the estate lawyers. Such people include: Contractors, Tenants, ordinary citizens, Foremen, engineers and all players that are involved in one way or the other in building and construction have the access of commercial real estate lawyer. A lawyer will be helpful in cases where there is:

Breach of contract.

Work delay and or termination.

Injury to workers.

Issues of non-payment and collections.

Poor workmanship.

Use of poor quality materials.

Family estates and inheritance

Estate lawyers can also be very good advisors on real estate transactions and step in to resolve disputes arising from inheritance and property rights. Disagreements about property and inheritance are matters are always common. To prevent disputes that emanate from inheritance matters; the services of a commercial attorney will be very vital. Under this category, the lawyers can offer myriad services concerning family and personal property. First of all they can help in drafting wills. Estate lawyers can help you in drafting wills that determine the beneficiaries of your inheritance. This will be done with great considerations of the existing laws of inheritance as well as the desires of the property owner. Furthermore, the lawyers and their law firms can also act as custodians of such property in case of the demise of the proprietor and beneficiaries haven’t attained the age of property ownership. You can also handover the management of your property to commercial real estate lawyer so he or she operates under your instructions.

Important advice

When dealing with commercial real estate lawyers, it is always good to know the charges in advance before you commence any dealings. The firms that charge a flat fee are better than those that charge hourly. Furthermore a flat rate fees enables you to budget so that your problems solves.

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New York Real Estate Lawyers

A New York real estate lawyer practices in accordance with New York law. A New York real estate lawyer handles purchases and sales of condominium apartments, co-operative apartments and homes, commercial and residential real estate transactions, assignments of sub-leases and leases, and more. A New York real estate lawyer also handles litigation involving real estate with banks, architects, building contractors, insurance companies and landlord-tenant litigation. A real estate lawyer handles building and remodeling agreements, and works to settle disputes regarding budget, materials, craftsmanship and other issues.

There are two categories of real estate lawyers in New York: litigation lawyers, who mainly work on lawsuits involving real estate, and transactional lawyers, who mainly deal with agreements and contracts involving real estate. Before hiring a real estate lawyer, clients should decide on which of the two types of lawyers they need. A New York real estate lawyer helps clients drawing up a lease agreement based on New York real estate law when leasing a real estate property, and represents the client if any landlord-tenant disputes arise. When purchasing real estate, one has to sign up a Promissory Note, so it is always advisable to keep a real estate lawyer present.

It is essential for all New York real estate lawyers to pass the bar exam, which includes multiple-choice questions and essay questions. On passing the bar exam, one must apply to the Appellate Court to seek entry to the bar and, after passing the interview with the Character and Fitness Committee, one can practice law in New York. Some of the most prominent real estate law firms are the Law Office of Kevork Adanas; Silverberg, Stonehill, Goldsmith and Haber; the Harry Herbertz Law Offices, and many more.

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Virginia Real Estate Lawyers

Real estate lawyers are lawyers whose practices specialize in cases involving real estate transactions, land disputes, and property claims. These lawyers assist buyers and sellers of real estate and property by answering the questions they have regarding the legal aspects of real estate transactions and by guiding them through the entire process of buying or selling real estate. Virginia real estate lawyers are lawyers who offer their legal services for real estate transactions in the state of Virginia. Most of the real estate lawyers in Virginia provide the entire spectrum of real estate legal services like counseling their clients, summarizing documents, and discussing and finalizing the terms of the contracts or transactions.

If you are planning to engage in a real estate transaction in Virginia, then you need to consult a Virginia real estate lawyer. The lawyer must have experience in all commercial and residential real estate transactions. Expertise is particularly required in matters related to the sale of property, financing and development, construction contracts, and real estate and property investments. Typically, experienced real estate lawyers in Virginia are well aware of their clients’ business concerns and objectives.

Real estate lawyers seek both individuals and companies as their clients. Companies that wish to hire a real estate lawyer have to be careful to ensure that the lawyer is not only faithful to the business objectives but is also a thorough professional who can represent the company in a respectful manner. Companies should also make sure that the real estate lawyer that they select has enough experience and adequate training in handling the kind of transactions that the company normally engages in.

An experienced real estate lawyer would prepare the contracts favoring their client. They would conduct a title search to ensure that no claims exist against the property that is being bought. Such careful handling of cases is warranted to ensure that the deal is completed in a secure and hassle-free manner.

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