Situations in Which You Need a Competent Real Estate Attorney

If you are interested in or participating in real estate investing, you should know that the time may come when you need help from a real estate attorney. There can be conflicts and issues that arise when dealing with real estate that you won’t be able to deal with on your own. Here are a couple of situations in which you would need the help of a competent real estate attorney. 

Buying and Selling an Investment Property

One of the more common situations in which you could benefit from the help of a real estate attorney would be when buying or selling investment property. An attorney can help you to write up a contract and other important documents to facilitate the transaction. Additionally, an attorney could also help you in the case that any legal issues arise in the process. For example, if there are arguments over the property, or if there are specific requirements for the use of the purchased land, an attorney will help you to navigate those situations. 

Eminent Domain Action Against Your Property

Another situation in which having a competent real estate attorney can be beneficial would be in the case of eminent domain action against your property. Eminent domain refers to the ability that the government has to take private property. Usually, the government converts said property into something for public use in these cases. This can be a difficult notice to receive as a landowner. However, landowners are entitled to just compensation when there’s an eminent domain notice. Having an attorney at your side can help you lay claim to said compensation. 

Fulfilling State Requirement

Finally, you also might need to hire a real estate attorney if the state where you live has certain requirements when it comes to buying or selling homes. There are some states that require you to use an attorney when it comes to legal transactions such as buying or selling a home. In these situations, the real estate attorney would be required to write up the contracts and documents that will help facilitate your transaction. 

Before you make a big decision in your real estate investing, do some research to see if you need the help of a real estate attorney. Drawing on the expertise of an attorney can help your transactions go much more smoothly. If your ventures do require the aid of a real estate attorney, make sure that you find an experienced and competent attorney to help you.

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