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Real Estate Lawyers

 
Real Estate Lawyers

Most real estate transactions run very smoothly without requiring legal assistance from an attorney. But since your real estate purchase agreement is a legally binding contract, questions might arise as to the legality of it, at which time you might need to contact a lawyer.

The complexity of your particular transaction is often a determining factor in whether you will require legal assistance. If your contract involves complex financial and/or legal issues, an attorney would be best suited to handle it. Even if everything appears to be in order, the money that you invest for an hour or two of legal counsel will provide you with peace of mind.

Another situation that definitely requires legal representation is one in which no real estate agents are involved. If you end up purchasing a home that is being sold by the owners without an agent to assist either of you, a lawyer can prepare the contract as the agent(s) would have.
In the event that you do need a lawyer, make your selection very carefully after interviewing several of them. Find someone whose specialty is residential real estate transactions. Your real estate agent or broker will be a good source of referrals since they are frequently in contact with real estate lawyers.

When you are searching for a lawyer, investigate the track records of your prospects. You should be confident that the person you hire will not ultimately refer you to a more qualified lawyer. You also want to inquire about fees, which can vary greatly. Someone with many years' experience might charge a high hourly rate, but consequently might accomplish much more in a short period of time than someone who is fresh out of law school.

When you speak with lawyers, they should be able to explain your options to you in plain language that you can understand. Do not hire someone who is going to leave you confused in a maze of legalese. A good lawyer will also be able to provide you with a realistic idea of what your success in a particular matter will be.

The investment of hiring a real estate lawyer is well worth the protection it affords you in the deal.

Tom and Kathy Stowe are Philadelphia Area Multimillion Dollar Producers who specialize in Real Estate on the Main Line--as well as Havertown, Drexel Hill, Wynnewood, Newtown Square, Marple, Media and Springfield.  Call 610-645-3823.

Tom and Kathy Stowe (610)645-3823 Office Line (610)649-7410,

43 Haverford Station Road. Haverford, PA. 19041 

Email: info@homesonmainline.com

Prudential Fox and Roach Realtors is an Independently Owned and Operated Member of The Prudential Real Estate, Affiliates, Inc.

 

 

 

 

Copyright 2003 Tom and Kathy Stowe/Alpha Communications International