When Might I Need a Real Estate Lawyer in New Port Richey?

A real estate purchase is a major transaction, whether you’re purchasing a first home, rental investment property, or commercial property. This transaction is also legal in nature, requiring specific steps involving titles and deeds. When exactly do you need a lawyer to carry out a real estate transaction? Is a New Port Richey real estate lawyer really necessary?

You Generally Need a Lawyer When Selling or Purchasing Your Home

In Florida, there is no legal requirement to use a lawyer when buying or selling your home. That being said, many people use lawyers during these transactions. For numerous Florida residents, buying or selling a home is one of the most important financial transactions of their lives. They need to get it right – and a lawyer ensures that this process ends seamlessly.

When you purchase or sell a home, you’ll need to create a contract. This contract is often quite complex, with numerous conditions. For example, you might want to agree to purchase a home with a home inspection contingency. This means that if a home inspector finds some kind of issue with the home, you can legally back out of the sale. However, the contract needs to be valid for this to work – and this is just one example of where a lawyer can be helpful.

 The Role of a Lawyer When Buying and Selling Commercial Properties 

Purchasing a commercial property can be much more complex than purchasing a home. You might need to approach this transaction differently depending on what type of commercial property you’re dealing with. Examples include retail properties, multi-family residences, warehouses, parking lots, and office buildings. Each type of retail property might require a different legal strategy – and this is something a lawyer can assist with.

You also need to be extra careful with commercial properties, as there are fewer legal protections compared to residential properties. For example, sellers have to make more extensive disclosures to sellers before sales.

 Real Estate Lawyers May Contribute to Estate Sales 

Estate sales occur when properties must be quickly liquidated by families after the death of a relative. This includes real estate, and there may be a sense of urgency to sell properties in order to satisfy outstanding debts or pay beneficiaries. A real estate lawyer can certainly assist with this process, especially as there may be distinct legal challenges to overcome.

Can a Real Estate Lawyer in New Port Richey Help Me?

 Regardless of what kind of real estate issue you’re dealing with, a New Port Richey real property attorney may be able to help. Many problems involving real estate can be overcome with legal assistance. That said, online research only gets you so far – and an in-person consultation may provide more personalized guidance. To continue this conversation, consider a consultation with Athanaselos & Associates, P.A.

Sources: 

investopedia.com/articles/personal-finance/061214/real-estate-flipping-8-disclosures-you-must-make.asp

m.flsenate.gov/Statutes/475.278