While using a real estate agent to buy or sell your home is customary, it is not best practice. A real estate attorney should be involved in any real estate transaction. A real estate transaction is described as the legal process of transferring ownership of a property from one party to another. Real estate transactions may involve commercial or residential property and may range in value depending on the worth of the property.
Real Estate Agent vs Real Estate Attorney
You should certainly take advantage of your realtor’s considerable skills in marketing, negotiating, and guiding you through your transaction. However, an attorney should review your contract to protect your interests. Your real estate attorney is your best resource for the drafting, review, and/or revision of your contract to make sure that the transaction you contemplated is the one that you have actually made.
Buying and Selling Real Estate
Purchasing or selling a home or commercial property is a complex transaction. It is also most likely one of the largest financial transactions you may deal with within your lifetime, making it all the more important to ensure that your interests are properly protected.
Arizona Attorney Lawyers provide legal counsel for buyers and sellers of residential real estate, for homeowners associations, borrowers and lenders and for landlords and communal tenants in Phoenix, Arizona and surrounding communities.
Real Estate Litigation
The attorneys in our real estate practice are well-versed on the full spectrum on a wide range of real estate transactions, including acquisition, development, and disposition of real property; financing; title insurance; syndications; leasing; construction, renovation, and restoration; tax-deferred exchanges and other tax issues; subdivisions; eminent domain and condemnation; and real estate litigation.
In a leasing situation, disputes about payments, recourse if payments are missed, the duration of the contract, what the property should be used for, who is liable for repairs, whether pets are allowed, whether subletting is permitted are all best dealt with by an Arizona real estate attorney. A legally sound, thorough agreement is fundamental if you want to avoid potential landlord-tenant issues. Your attorney can also draft this agreement up for you to protect your assets and your best interest.
Zoning and Land Use
Zoning and land use are matters to be considered by any landowner, buyer, or developer. If you wish to add on to your home, purchase a commercial property or build on land that you have purchased, you will have to go through the proper channels and comply with various zoning and land use regulations as set forth by the local government. Noncompliance with these regulations can spell disaster for a development project, business, or home renovation. Disputes related to zoning and land use can also be complex, leading to financial losses. As such, you may find it beneficial to work with a real estate lawyer who can properly advise you on these matters and who can represent your interests if a problem arises.
If you are buying or selling real estate in Arizona, contact Arizona Attorney Lawyers today to set up a consultation and protect yourself in any real estate transaction.