If you’re buying, selling, leasing or doing… pretty much anything with real estate property, everything you do has significant legal implications. And in order to protect yourself, and other parties like buyers, tenants and the like you need to ensure that you have a hardworking and reliable real estate attorney in your contact list. If you’re thinking of selling, purchasing or renting out any kind of commercial or residential property in or around Coeur d'Alene, Idaho make sure you have a real estate attorney in your corner.
What Can a Real Estate Attorney Help With?
The police won’t arrest you if you carry out real estate transactions without the aid of a real estate lawyer. Nor will any transaction automatically fall through if you don’t have one. Nonetheless, real estate attorneys are invaluable in protecting your interests and minimizing risk. A real estate attorney can help you:
- Draft, and check complex legal documents pertaining to buying and selling a home so that you’re not put at risk by vague or confusing terms.
- Negotiate terms between buyers and sellers, landlords and tenants.
- Review paperwork to make sure your interests are protected (with more legal knowledge and authority than a real estate agent).
- Understand Boundaries or Easement Disputes- If you’re experiencing friction between neighbors or difficult relationships with electric, gas and cable companies due to boundary or easement disputes, a real estate attorney can help make sure you know your rights.
- Handle Foreclosures- If the bank is threatening to foreclose on your mortgage, an experienced real estate attorney may be able to help with solutions like forbearance, loan modifications, reinstatement and repayment plans.
- Carry out a Title Search to ensure that the state of the seller's title to the property is established to the buyer's satisfaction.
- With Closing – A lawyer can assist in all aspects of closing on the property and ensure that conveyance of ownership is above board.
When Should You Hire a Real Estate Attorney?
While there are many reasons why you may want to hire a real estate attorney, by rule of thumb the best time to hire them is as soon as possible. This ensures that your interests are protected and that you don’t fall afoul of any conflicts of interest. For example, when buying a property, you will be dealing primarily with real estate agents in finding and choosing a property. However, realtors are paid on commission and thus have a built-in conflict of interests. While most reputable realtors will always put the customer first, there are some unscrupulous agents who may try and trick you into overlooking problems with a property or bidding higher than you need to in order to get a bigger or faster commission.
In contrast, Real estate attorneys, are generally paid by the hour or charge a flat fee, so you know that they are acting in your best interests.
Contact Real Estate Attorney Brian J Bean of Charles Bean & Associates
Trust Brian J Bean of Charles Bean & Associates PLLC to provide a comprehensive suite of real estate services. With years of experience and a proven track record of success in real estate law, you won’t find an attorney who works harder for you.
Get in touch with us today to arrange a free 45 minute consultation!