What is a real estate attorney?

What does a real estate attorney do?

A significant question we are asked is what is a real estate attorney and what do we do? Hiring a Philadelphia Real estate lawyer can provide valuable assistance to you when dealing in real estate transactions, whether you are a buyer, seller or investor. Our real estate lawyer Philadelphia will assess any offers the seller or buyer receives, to safeguard your interests are properly protected, and your responsibilities are legally defined and followed.

If you are thinking of investing in real estate, we strongly recommend that you hire an attorney to ensure that everything runs as smoothly as possible, and you do not get any nasty surprises down the road, such as non-breach of estate planning, local and state land usage laws.

How does a real estate attorney in Philadelphia help?

We will arrange the title insurance to protect you from any potential problems arising, these can include ensuring a title is free from liens (right to possess property owned by a different party until any money owed is paid back in full.), and not currently titled to someone else that may lay claim to the property, once you have spent a small fortune on securing it.

Before completing and filing all the necessary legal documentation, our real estate Philadelphia lawyers will also ensure that all the proper documents have been completed, and filed correctly, assess any regulations, including taxes owed, prior to closing the transaction.

Although it may be tempting to seek legal advice from a non-legal service provider, that can provide the same legal services at a cheaper price, it is a high risk strategy to take and may end up costing you hundreds of thousands of pounds in the long run.

Does a real estate attorney provide any benefits?

If you hire a certified and licensed real estate attorney at least you can recoup money if anything goes wrong. Our real estate Philadelphia legal Attorneys are trained to a higher standard and are insured to protect you if they make an error of judgement, give you incorrect advice or are negligent.

If you do decide to go it alone, or use a non-legal advisor, because you may think it will be a cheaper solution, remember you will not have the same protection as they are not required to be insured, held to the same standard, or have a reputation to maintain. If you are from out of state, you may think the same real estate laws apply across states, however they differ and what may have been true in one state may not apply within the Philadelphia area, and you could lose out big time. 

In some instances, whether you want to use a real estate attorney or not, you may not have a choice and will need to engage with a Philadelphia real estate attorney, if a mortgage lender or a title insurance company insists that a licensed attorney is involved in the legal process.

Before hiring a Real estate lawyer, it is important for you to feel confident in their ability to properly represent you and you may find it reassuring to request an estimate of the costs involved, as well as a list of the work the lawyer will undertake.

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