Purchasing or selling property is never easy, even if you've been through the process before. There are contracts, financial requirements, inspections, and legal documentation that need to be considered and organized. Because of this, it's always wise to have a legal professional by your side to help you navigate the legal issues that may arise, especially if you're dealing with complex transactions or disputed property. This blog post will discuss four telltale signs that indicate you should hire a real estate lawyer.
You're involved in a dispute:
If you're embroiled in a legal dispute over a piece of property or a real estate–related issue, it's essential to hire a real estate lawyer right away. An experienced real estate lawyer can assist with conflicts related to property lines, title issues, zoning laws, and disputes around the ownership or use of real estate in general.
You're buying or selling a property, or you want to contest the sale:
Real estate transactions can be complicated, and both buying and selling property involve a lot of documentation and technicalities that need to be addressed. If you're jumping into a real estate transaction for the first time, or you have questions about the sale, you may need a real estate lawyer who can help you process the paperwork and ensure that everything is taken care of legally.
You're facing foreclosure:
If you're in danger of losing your home due to foreclosure, a real estate lawyer can help you navigate the foreclosure process and negotiate with your mortgage lender to try and come up with a repayment plan. A legal professional can also help you understand how foreclosure can impact your credit and help you explore options for refinancing or other financial strategies to keep your home.
You want to dispute property taxes:
If you feel that you've been overcharged on your property taxes, or you want to contest the valuation of your property, a real estate lawyer can help you review your tax assessment, evaluate the fair market value of your property, and help you navigate the appeals process. An attorney can also provide arguments about why the valuation may be incorrect or why the assessment doesn't reflect the true value of your property.
Hiring a real estate lawyer can help alleviate stress and prevent costly mistakes when dealing with property. Contact a real estate lawyer in your area to learn more about this topic.