Importance Of A Real Estate Lawyer
What makes human beings even gain respect in society is the property that they own. To define land and buildings using a legal term one will usually term it as real property. Being mindful about how we do our real property transactions is the only justice as a buyer you can do to yourself. Real estate lawyers are among the biggest players in a real estate transaction.
Anyone that wants access to these lawyers can always find them on websites and social media pages since even lawyers have not been left behind in the digital marketing wave. One thing that the reader of this article is bound to gain is more knowledge as regards real estate lawyers.
The very first importance is that these lawyers are duly versed in the law hence they know the various statutes that are applicable to property transactions. Notably these lawyers have read and understood the property legal framework hence they are better placed to offer you the legal advise that you require. These lawyers will in most instances ensure that the interests of their clients are secured through establishing the property ownership. If you want to acquire a clean title to property always ensure that these service providers are an integral part of your transaction.
In case a property is encumbered through charging, these lawyers will equally help in giving a proffessional undertaking so that the bank will be assured that the purchase price will be used to sort the loan facility.
Some documents are mandatory or real estate procedures to proceed and as a lay man you might not understand the importance of these documents until you reach the land registry and your application for registration is denied. You might have heard cases whereby a seller came years later after selling a property to a clueless buyers and reclaimed the property citing that they did not have the legal status to sell ,this are situations that can be avoided and hence securing your long term interests.
Also there are taxes that should be paid by both buyers and sellers of real property thus to ensure that you are a tax compliant citizen, your lawyer is already apprised of these taxes and thus they will inform you before hand that the money you receive as the purchase price or the money you pay as a buyer will be subject to tax. Lawyers are mandated to at all times work in the best interest of their clients so as to ensure that the ends of justice are met and thus when drafting a sale agreement they always pay attention to the clauses that ensure their clients are not disadvantaged.