Do I Really Need a Lawyer When Buying a New Home?

 Posted on May 27, 2020 in Real Estate

As the country slowly begins to open back up in the wake of the coronavirus outbreak, many individuals and families will soon be in the market for a new home. In fact, the spring season is usually one of the busiest times of the year for the real estate industry, and this year is not likely to be an exception.

It is not uncommon for a person to buy a home without the help of a real estate attorney. However, there is value in hiring one to help with your transaction. This is especially true if you run into legal issues along the way. It is important to understand how a real estate attorney can help and when you should absolutely have one on your side.

When a Real Estate Attorney is Necessary

If the property you are purchasing has unique issues, such as a pool, a fence, or other structures that could cause problems with local zoning and building codes, an attorney can help to ensure everything was built according to code and with the proper permits. An attorney can also help ensure that property lines have been adhered to when structures are near property lines. You should certainly hire an attorney if you have any plans to build or expand on the existing structures. Doing so can help ensure that any plans for the house are in compliance with all applicable local zoning laws.

A Real Estate Attorney Can Protect Your Interests

Most home purchases are completed with the help of a real estate agent or broker. However, it is important to understand that agents generally work on commission, which gives them a vested interest in making the deal go through. A real estate agent is often driven to ensure that the sale is completed because that is when he or she makes money.

By comparison, a real estate lawyer is hired by and works for you. A real estate attorney does not work on commission, and he or she has an obligation to protect your interests. For example, real estate attorneys can work to negotiate better terms on your contract, notify you of costly problems that may not have been disclosed, ensure all inspections have been passed, and work to facilitate the entire transaction process for you and your family.

Speak with a Lake County Residential Real Estate Lawyer

At Newland & Newland, L.L.P., we have more than 60 years of experience in helping families and investors purchase property. We are intimately familiar with local zoning laws and can protect your interests if any issues should arise. To learn more about how we can help with your situation, contact our Libertyville real estate attorneys today. Call 847-549-0000 for a free consultation.

Source:

http://www.bankrate.com/finance/real-estate/5-questions-to-ask-a-real-estate-attorney-1.aspx