When selling your home and buying a new one, it is wise to hire a real estate lawyer. Obviously, there are legal matters in this sale (or sales) but there are many other reasons you might want to hire a DUIMtl.com real estate lawyer to handle these affairs.
Lawyers Read Everything
You are busy. You have work, and kids, and bills. And now you want to sell your house and buy another one. Well, have fun reading all of the documents that go along with this. Or you could simply hire a lawyer; they are used to reading this stuff anyway so they already know what to look for, and they’ll know what to do if there is a problem.
Better Navigation of the Real Estate World
First and foremost, they can help you navigate the ins and outs—the stress—of both buying and selling a home at the same time. While your real estate agent can also help you with these things, hiring a real estate lawyer will also afford you other classifications of advice that your realtor probably won’t have access to. Similarly, if you do hit a snag—and you probably will—you will save a lot of time not having to brief the lawyer later on as they will already be quite abreast of the situation.
Draft, Review, and Edit Amendments
During the process of purchasing a home, amendments are quite common. In a contingency purchase, for example, the sale of your home could get postponed by a month or more. This, of course, affects the closing of the purchase of your new home. When this occurs, you need to have more discussions about the purchase price and timeline and any time there is a change, your real estate lawyer can handle the amendments to the contracts.
Matters of Tenancy and Eviction
For many home buyers, a property with a rental unit is highly attractive. Obviously, being able to rent out part of the property to a tenant helps generate an income. But when buying a property that comes along with a tenant already renting, things can also get complicated. Having a real estate lawyer on retainer, then, is a great idea because not only they are able to explain all the intricacies of rental unit contingencies, but they might also have a strategy for using these complicated situations to your advantage.