Even though Ohio does not require that an attorney be present at a real estate closing, having a knowledgeable and experienced real estate closing attorney on your side can help ensure that the transaction proceeds smoothly, that your interests are protected, that you are well-informed, and that any unforeseen issues are properly resolved.
RKPT real estate lawyers know the rules and regulations that apply to real estate transactions, and will represent your interests during negotiation, inspections, and at closing.
RKPT real estate lawyers can draft real estate contracts and other legal documents that are necessary to successfully complete the sale of your property. This may include compliance with zoning regulations, avoiding mortgage fraud, transferring deeds, reviewing title, liens, restrictive covenants, and other legal issues.
RKPT real estate attorneys work with individuals and businesses and can assist with residential and commercial real estate transactions.
Here are seven reasons you should hire an experienced real estate attorney for the sale of a residential or commercial property.
#1 Prepare and Review Paperwork
Selling a property involves an enormous amount of paperwork, and having a real estate attorney on your side can make a huge difference. Your lawyer will ensure that the contracts are properly drafted and comply with state and local laws. Your attorney will explain each document before you sign it and answer any questions you have. Once the transaction is complete, your attorney will be sure that all the documents are promptly filed with the appropriate government offices.
#2 Handle Unusual Contract Terms or Requirements
For real estate transactions that involve anything out of the ordinary, having an experienced real estate attorney on your side will help you to negotiate, prepare, and review the contract terms, and protect your interests in the transaction.
#3 Negotiate Difficult Circumstances Such as a Foreclosure or Short Sale
If you are considering selling a property from a difficult circumstance, such as a foreclosure or a short sale, a real estate attorney can ensure that there is nothing wrong with the title. If you are selling a commercial property, a real estate lawyer can assist with and explain any rules regarding tenant relationships.
#4 Selling a Property with Lead or Other Environmental Contaminants
A history of lead, termites, mold, or another environmental contaminant can make a property more difficult to sell. A real estate attorney can protect you and assure that the issue has been addressed properly.
#5 Comply with Local Building Codes and Permit Guidelines
A real estate attorney can ensure that the building you are selling is in compliance with applicable building and zoning codes and applicable permit guidelines. An attorney can also draft and review the language in a purchase agreement and other contracts to ensure that everything is carried out in compliance with applicable state and local laws.
#6 Save Money with a Real Estate Attorney
Even though there are upfront costs to hiring an attorney for your real estate transaction, they pale in comparison to the cost of fixing something that went wrong. A real estate attorney can prepare and review all the documents, handle negotiations, and ask questions that you may not know to ask.
#7 Give Sellers Peace of Mind
If you are concerned that something could go wrong during your real estate transaction, hiring an experienced real estate attorney can help. Working with a real estate attorney can help ensure that the transaction will go smoothly. And if something does go wrong, you have an experienced professional on your side who will know how to handle it and can help you work through a difficult or unusual situation.
RKPT: Real Estate Attorney with Over 50 Years of Experience in Residential and Commercial Transactions
RKPT has represented sellers in residential and commercial real estate transactions for more than 50 years.
A real estate transaction is a complicated process with many moving parts. Success requires know-how and extensive coordination. At RKPT, our real estate lawyers approach each and every transaction with careful consideration of our client’s unique needs so we deliver a creative and practical solution.
In addition to our real estate expertise, we also operate Safe Title Agency, Inc., a wholly-owned subsidiary of RKPT, which allows us to offer title and escrow services for residential and commercial real estate transactions of all sizes.
For more information on our residential and commercial real estate services, we invite you to contact us.