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When should I talk to a real estate attorney?

On Behalf of | Jul 18, 2022 | Real Estate Law

Most people who buy or sell real estate in Texas will do so with the assistance of an agent. Licensed real estate agents have training in the financial aspects of such transactions and understand the paperwork required when buying or selling real property. They can also help evaluate the condition of a property and estimate its value.

However long an agent may have worked in real estate, they are not a lawyer. Your real estate professional should not offer you legal advice and could potentially make mistakes when representing you that could lead to vulnerability or financial losses.

How do you know when you should talk to an attorney about a real estate matter?

When you intend to sign a real estate contract

Perhaps you are about to make an offer on a property. You can protect yourself more effectively from the possible risks in such a transaction if you create customized documents specifically for this transaction with specialized language and protective contingencies.

If you intend to sell a property, you may need help ensuring you meet all of the requirements for a legal transaction. For example, you may need to talk with a lawyer about some of the defects in the property to determine the best way to protect yourself when making legally-required disclosures.

If you are about to rent a commercial space for your business or lease your former primary residence for the first time, having a lawyer review the contract before you move forward could protect you.

When dealing with a boundary or title dispute

Maybe your neighbor wants to put in a fence, but the markers they placed are across the boundary line between your properties. Perhaps you just had someone show up at the home and claim that they are an heir of the previous owner and that they have an interest in the property.

When you believe that there will be a boundary dispute or a title dispute in the near future, an attorney can help you. Not only can they review the title records for your property to verify the boundary and ownership records, but they can also help you potentially negotiate a resolution that won’t result in a loss of your ownership rights.

Anytime there are claims related to your property that could have financial repercussions, you may want to consult with a lawyer in addition to any agent that you higher. Getting the right support for real estate conflicts and transactions will help protect one of your biggest lifetime investments.