lawyer who handles real estate

What is a real estate attorney?

A real estate attorney can assist in the negotiation and drafting of the construction contract and handle the closing of the construction loan. Four common types of construction contracts include unit pricing contracts, cost plus contracts, lump sum/fixed price contracts, and time & materials contracts.

What is the role of an attorney in real estate negotiations?

An attorney performs due diligence to protect the client’s best interest while giving the client legal advice regarding the real estate matter.

Why is it important to have an attorney review a real estate contract?

It is important to have an attorney review a real estate agreement before signing the contract. Breaching a contract (failing to perform the terms and conditions within the contract) can result in costly real estate litigation and damages.

What is the job of an attorney?

An attorney’s job is to protect his or her client’s best interest. The attorney cannot do that when the attorney represents parties that have adverse concerns. Throughout a real estate transaction, the attorney provides sound legal counsel to his or her client.

Can a real estate attorney write a title insurance policy?

Some real estate attorneys can also write title insurance policies as agents for a title insurance company. Title insurance companies offer insurance that covers title defects and problems. The fee for title insurance is usually based on the sale price of the property or the mortgage loan amount. Before an attorney or title insurance agent can issue a title insurance policy, a title search must be completed.

What happens if a real estate contract is not drafted correctly?

However, if a real estate contract is not drafted correctly, the parties could incur substantial costs and time attempting to enforce the terms of the contract. Real estate lawyers have extensive experience drafting and reviewing real estate contracts.

Does title insurance cover closing?

Most title insurance policies contain exclusions and exceptions that the policy does not cover. It is important to discuss title insurance with an experienced real estate lawyer before a real estate closing. An owner needs to understand what the title insurance policy covers and what is not covered.

What do real estate attorneys do?

Real estate attorneys who represent sellers are responsible for handling deeds, insurance declarations, and payoff letters.

What are the requirements for a real estate attorney?

Not necessarily. Some states require a real estate attorney to be present at the closing, but there are some situations when you might consider hiring one even if it's optional where you live. Examples might include: 1 You're selling the house with an uncooperative partner 2 You've inherited a property from an owner who is now deceased 3 You anticipate tax consequences

What is Hartenstein Poor LLC?

Hartenstein Poor LLC is a civil practice law firm that has been taking cases for the people of Wichita for over 20 years. One of the firm's primary areas of practice is real estate law, and its legal team handles residential, commercial, and industrial properties. The team has experience with land use and zoning issues, financial matters and taxes, purchases and sales, and acquisitions. It also negotiates between parties to develop and review leasing and construction contracts. Managing partner Eric Hartenstein teaches classes about real estate and tax law at Friends University.

What is a Withers, Gough, Pike, and Pfaff?

Withers, Gough, Pike, & Pfaff LLC is a civil practice law firm offering the people of Wichita and the surrounding communities legal representation. The firm's attorneys handle residential, commercial, and agricultural real estate transactions, and they represent companies and individuals who lease properties, as well as property owners. They have experience with property valuation, purchases and sales, environmental matters, and construction litigation. Additionally, the team works with clients to develop, review, and finalize leasing and construction contracts. Partner Steven Gough was named a Super Lawyer by Thomson Reuters from 2005 to 2019.

What is Robinson Law Firm?

Robinson Law Firm LLC is a general practice legal office representing the people of Wichita and the nearby communities. A part of the firm's practice is dedicated to real estate law and litigation, and its attorneys work with individuals and companies during transactions and disputes. The legal team handles boundary and easement issues, quiet title processes, foreclosures, insurance litigation, and environmental matters. It also mediates between parties during suits involving construction and remodeling for commercial and residential properties. Founding attorney Edward Robinson is a member of the Kansas Trial Lawyers Association.

What is a lerch early?

Lerch, Early, Brewer is a civil litigation law firm taking cases for the people of Washington, D.C. The firm works with developers property owners, and investors, and its legal team handles property sales and purchases, financing, construction, and acquisitions.

What is the transfer of real property?

The transfer of real property includes the bundle of legal rights, which give landowners the freedom to possess or occupy the property, enjoy their land without interference, restrict others’ access to the property, and dispose of their ownership rights as they see fit.

What can a real estate lawyer do?

A real estate lawyer can help with negotiation, addressing mortgage fraud, managing foreclosures and bankruptcy, transfers of titles and deeds, property ownership disputes, zoning issues, creating a co-ownership contract for joint purchase of a property, and much more.

How much does a real estate lawyer cost?

The cost to hire a real estate lawyer depends on your needs. The national average cost for real estate lawyers ranges between $350 and $550, although prices can vary greatly based on the individual case. Many states, such as New York and Georgia, require that a real estate lawyer handle the closing documents when buying or selling a house.

Do you need a real estate attorney for closing?

Many states require a real estate attorney to handle sale closing documents. For more complex matters such as a real estate deal gone awry or foreclosure, you’ll want to find an attorney who has successfully handled cases like yours. Look for online reviews of real estate lawyers in your area.

Do you need a lawyer for a home sale?

In many states (such as Vermont and Maine), you are required to hire a real estate lawyer to handle the closing documents of a home sale. The lawyer may prepare the deed, examine the title, review purchase and sale paperwork, work directly with the lender, and more.