Do I really need a real estate attorney?

May 19, 2016

Every state and sometimes regions within states have differing requirements. Make sure that you have some understanding or awareness of them. Here are a few questions you may want to consider before moving forward on your own:

For Buyers

  • Are you an out of town buyer?
  • Are you buying a property that is a short sale or bank owned?
  • Are you buying a property that is part of an estate sale?
  • Are you buying a commercial property?
  • Are you buying a property that could potentially have some structural issues?
  • Are you buying a property in a problematic area such as a flood zone or areas with adverse conditions (tornado prone, radon, toxicity levels, etc.)?

For Sellers

  • Are you selling a property that is in some state of distress?
  • Are you the heir or executor of a property whose owner is now deceased?
  • Are you selling a house with a non-cooperative partner?
  • Do you have that gut feeling that something could possibly go wrong based on knowledge you
  • have about the property?
  • Do you have judgments or liens in your background?