Are Lawyer Needed for Real Estate ?

Purchasing real estate property can be quite complicated. This is because the buyer is introduced to new legal and complex issues, hence the need of a real estate lawyer. You will need a knowledgeable person to inform you on the law practiced in real estate.

The attorney will look out for your interests ensuring that your new property is protected and you get a clear title.  The legal advice given by the lawyers equip one with knowledge on real estate law and transfer of property rights.

Benefits of Legal Representation

Before finalizing the purchase, the attorney explains certain details which assist one in making an informed decision. A real estate lawyer plays very important roles during the purchase as discussed below.

·         Evaluating legal rights- The attorney evaluates the legal rights one acquires upon the purchase of the property. This is through ensuring that the property’s legal description is sufficient and that the rights include physical access to the property. The title should also be marketable incase the buyer wishes to sell or remortgage the property.

·         Protection – The lawyer protects your interest by executing a series of important actions specifically for the transaction. These actions are; obtaining a title search and evaluation of the title status. The attorney also prepares the closing statement and the necessary closing documents. The best part is that the attorney informs one of the stipulations that affect the person’s interests. This is done by interpreting the legal documents related to the transaction their is more information about this at commercial architect in Kenya which will guide you.

·         Enlighten- Your attorney explains the liability if one assumes an existing mortgage and the effect of its prepayment. He may also suggest alternative means of financing and how to file for homestead exemption.

The real estate lawyer will also be present at the closing session to check every detail of the contract. He also ensures that the title is marketable to protect your investment and security. In case a problem arises after the sale, the attorney will guide you through it.