For many of people, buying a home is the most significant investment they will make in their lives. The process of finding the right place and getting to offer and acceptance is only a small piece of what will go on when you buy real estate. When a property is bought and sold or leased or rented, unforeseen legal issues can and often do come up which can complicate or even derail the exchange. Without the right advice, you run the risk of making mistakes which can have serious long-term financial and legal consequences. Here are some of the benefits of having an attorney during your real estate transaction.
Identifying the right property is the beginning of a prolonged negotiation process with the owner. When purchasing, the buyer and seller are going to go through offer and acceptance and then possibly more discussion after the inspection is complete. Those entering into talks about commercial leases or home rentals can also find themselves having intense exchanges. Your real estate lawyer will be there to advocate for your interests and fight to get the best terms possible. Your attorney will also be able to provide guidance during your negotiation on what requests are worth fighting over and those which will only agitate the other party.
Arizona Property Laws Govern Real Estate Transactions
Whether you are renting, leasing, buying or selling property you are ultimately signing legally-binding documents. Every phase of your transaction needs to be completed following very specific Arizona laws. An experienced real estate attorney will have a complete understanding of the applicable statutes and regulations. Your counsel will also be able to identify potential legal issues and ensure that your documents are drafted accurately. Further, if there are legal conflicts, your lawyer will be there to help you manage them and to protect your interest.
Real Estate Documents Must be Clear
Legal documents, including those which relate to real estate transactions, must be very specific in order to be considered valid. One issue which can arise in this context is contract language being too vague or not precise enough to put the obligated party on notice of a specific term. This often comes up when non-attorney realtors cut and paste from forms without realizing that they have used the wrong language or have deleted essential parts of a document or provision. A real estate attorney can review all documents before you sign to ensure that they have been properly created and include all required provisions.
Ultimately, anytime you are going to be involved in a legal process, having counsel to interpret documents, advise you on what actions to take, and how to prevent and manage legal issues is invaluable. With the right representation at your side, you can avoid costly mistakes and make sure your real estate transaction is successful.
Attorney Laura B. Bramnick is an experienced Arizona real estate attorney who has the expertise to protect your interest during your 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.