Real estate sales are among the largest financial transactions most people will ever undertake, involving enormous sums of money and a complex legal system. Whether you’re looking for your next home or putting a property on the market, an experienced real estate attorney provides essential advice, protecting your interests and identifying issues before they disrupt the sale. Understanding how an experienced lawyer can help ensures you get the legal counsel you need during this confusing process.

Why You Should Hire a Real Estate Attorney

Reviewing Brokerage Agreements

Real estate agents often use standardized contracts, with terms that may not be clear to many sellers. For instance, many agreements require homeowners to pay a fee, even if the agent can’t sell the property or they negotiate a sale on their own. Before signing a brokerage agreement, have a real estate attorney review the document, explain how it balances your rights against those of the Realtor^®, and make changes to protect your interests.

Drafting Purchase Agreements

Because it is the single most important document in a real estate sale, the purchase agreement should accurately represent the terms both parties have agreed upon. Agents also often use standard forms as the basis for the purchase agreement, but any modifications should be reviewed by a real estate attorney before signing.

Conducting a Thorough Title Search

If another party has a legitimate interest in the property, you will likely be financially responsible for their claim after closing. Real estate attorneys have extensive experience reviewing property records and other documents to identify any potential defects with the title before the purchase is finalized. Even buyers who purchase title insurance should consult with an attorney, who will explain any easements or other restrictions on the property and what situations may not be covered by their policy.

For over 30 years, Dennis P. Faller, Attorney at Law, has provided legal insight and professional guidance to homebuyers and sellers throughout Ohio’s Auglaize County. With their extensive experience in real estate law, they’ll handle the details through every step of the process, from initial negotiations to the final sale. Visit their website for an overview of their services, follow their Twitter page for more legal tips, or call (419) 738-4578 to speak with a real estate attorney today.