It is not a requirement that a person hire a real estate attorney when they purchase a property. By not hiring a real estate attorney, a person can save a decent amount of money during closing. There is a significant downside and risk though if a person elects to not hire a real estate attorney. Here are a few things to think about when it comes to deciding whether or not to hire a real estate attorney.
Get Through Any Legal Issue with Ease
For starters, a real estate attorney in Marshfield WI can help with any legal issues that may arise. It does not matter how experienced a person is or how many real estate properties they have closed on in the past. There is always a huge risk that something might happen and if a person chooses to not hire a real estate lawyer that the problem may not be caught or addressed until it is too late.
Another thing that a closing attorney does is they take on the task of examining records like titles. They check to see if there are any issues with the title. The real estate attorney will not only make sure that the title is indeed in the seller’s name but also that there are no liens against the real estate property. The last thing that a person wants to do is to purchase a property with a lien against it.
Rights to Sell
Now this may seem like a trivial thing, but another thing that a real estate attorney Marshfield WI does is makes sure that the person selling a property actually has the right to sell the property. There have been countless cases where a person purchased a real estate property from a person that never had the right to sell the property. The consequence here is that the person could very well run off with the money.
Finally, there is the important task of reviewing all of the documents for accuracy. This is a very important task. There is a lot of paperwork involved with the closing of a real estate property. A real estate attorney has the skill set to examine all of the papers thoroughly without missing any details. For those that are inexperienced they can become blind to mistakes in the closing documents simply because there is so much information to examine and check.
These are just some of the main reasons to hire a real estate attorney. A few states do require that a person has an attorney present at the closing of the sale of a real estate property. This is primarily in the south. In other states, it is just a suggestion. This is something that should definitely be considered though.
The Daubert Law Firm provides legal service for business and corporate law in the state of Wisconsin. This includes services like corporate and business structures, human resources, business planning, bankruptcy and financing, compliance and litigation and works as a real estate attorney in Marshfield, WI. The Daubert attorneys also offer flexible billing for their clients.