What Your Real Estate Lawyer Wishes You Knew
Lawyers are ethically required to have your best interests in mind, but there are some things they wish their clients knew before entering the arena of real estate law. Clients that have a better understanding of what their real estate lawyer does on a regular day are often more satisfied with the work that is done, and have a better view on what is expected of them as a client.
While it is nearly impossible for clients to have the full scope of the day-to-day grind as a real estate lawyer, there are a few things to understand about your real estate lawyer’s daily duties to ensure you get the most out of your legal investment.
Don’t Wait for a Phone Call
If something comes up, call your real estate attorney as soon as possible. When a client comes to a law firm after already having already decided to sign paperwork, there is very little that can be done. When the client takes the reigns and comes to the lawyer with questions and concerns, everyone is better informed and can work toward finding the best outcome.
Hire a Real Estate Attorney
Not all lawyers practice the same law. While going by word of mouth recommendations is common, finding a lawyer that handles the specific area of law you are looking for is good practice.
A Typical Day
There is no real typical day for a real estate attorney, since each day varies on the stage of the process and type of real estate involved. One day, an attorney could focus on performing due diligence such as reviewing titles, surveys, third-party reports, and other important documents. The following day, the same attorney could spend the whole time drafting and reviewing legal documents. This can range from loan documents to leases.
Attorneys do More than Realtors
In most cases, an attorney acts more in the interest of ensuring everything is legal. Additionally, they can help with unusual terms for a purchase agreement and provide better legal advice than a real estate agent, as they have better law expertise.
If you are considering a more complicated purchase agreement, talk to one of our South Jersey real estate lawyers at Reinherz & Reinherz today. Our team handles specific law issues that real estate agents may not be privy to, and can ensure all documents are legally binding and fair.