Why You Need a Real Estate Attorney Anytime You Buy or Sell Property in Arizona

Why You Need a Real Estate Attorney Anytime You Buy or Sell Property in Arizona

Whether it?s for residential or commercial property, buying or selling real estate is a significant investment. For a homebuyer, this may be the most substantial purchase or sale they make during their lifetime. For a business investor, these transactions can involve a? major outlay of capital and impact future expansion and growth.? In either situation, it’s crucial to ensure that your interests are protected during every phase. Having legal representation is one of the best ways to accomplish this goal. Here are a few reasons you need a real estate attorney anytime you buy or sell property in Arizona:

Buying and Selling Arizona Real Estate is a Legally-Binding Transaction

The Arizona Constitution does not require that an individual be an attorney to prepare real estate transaction instruments. However, the purchase contract, disclosure, assignments, releases, and other forms related to the transfer are legally-binding documents. The fact that you did not have the benefit of counsel when you signed your paperwork will not protect you from unforeseen problems with your purchase or sale. Without a legal advisor, you leave yourself vulnerable to a multitude of complications and issues with your transaction. An Arizona real estate attorney can examine and prepare your legal documents and ensure that they conform with state law. Your counsel will also be able to identify potential problems and advise you on how best to protect your interests.

Negotiations During the Process

Buying and selling Arizona real estate can be a prolonged negotiation process. The buyer and seller will start with the asking price and offer. However, the two may go back and forth several times before reaching a mutually agreed-upon figure. After that, a buyer’s inspection may reveal a defect that leads to even more negotiation. Working with a real estate attorney ensures that someone is on your side who can help you determine when you should argue specific points and when it’s time to yield to reasonable requests. Your counsel will also be able to negotiate with the other party and his or her representative on your behalf.

Your Arizona Real Estate Attorney Can Handle Unexpected Problems

With real estate, as with any legal process, unexpected issues can come up at any time.? You may be days from closing on your property only to be faced with a title issue, or boundary dispute, or to have specific plans for your property thwarted by a new zoning regulation. Your Arizona real estate attorney will be able to help you assess the situation and advise you on the steps you can take towards a solution.

Buying and selling Arizona real estate is a significant investment in your future. You need an Arizona real estate attorney to help make sure your interests are protected during every stage. Laura B. Bramnick is an experienced Arizona real estate attorney who can help you examine all aspects of your Arizona real estate transaction. If you are seeking an exceptional, client-driven real estate lawyer in Scottsdale, Phoenix, Sedona, and throughout the State of Arizona, contact Laura B. Bramnick to schedule your consultation.



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