Do I Need a Real Estate Attorney?
Real estate closings can be complex. Contingencies and conditions are common place. These can often create a back and forth negotiation that might put you on the losing end. A real estate attorney is someone experienced in closings and transfers of ownership. An attorney will represent your best interests. It is an assurance that everything is done properly, that you are getting the best deal, and that no stone is left unturned. It is an assurance that you walk away a winner.
A real estate attorney will research the property and assure that there are no liens, claims or encumbrances. An encumbrance is a claim against a property by a party that is not the owner. An encumbrance can impact the transferability of the property and restrict its free use until the encumbrance is lifted. The most common types of encumbrance apply to real estate; these include mortgages, easements, and property tax liens. *
Selling Property? Alabama law allows a residential property owner the right not to disclose all details about a property’s physical condition. However, there are situations where you may be legally responsible for communicating certain details and conditions to a buyer. If you fail to do so, you open yourself up to the risk of heavy legal action. An experienced real estate attorney can explain these to you and assure that your rights as a seller are upheld.
Whether buying or selling, give us a ring. We will assure that you are fully represented and protected.