Constructing, selling, and managing property often involve complicated transactions. Though there is a lot at stake for all parties involved, buyers and sellers can mitigate much of the risk by hiring lawyers to represent their best interests during the proceedings. Here is what you need to know about real estate law and what you can expect from an attorney who practices it. 

Common Concerns About Real Estate Matters

1. What Will an Attorney Do for the Buyer?

The buyer’s lawyer will strive to protect their investment during every stage of the transaction. For instance, by ensuring the title is clear, working with lenders to facilitate the mortgage application, reviewing all pertinent documents, and negotiating for any necessary modifications.

2. What Will an Attorney Do for the Seller?

The seller’s lawyer will prepare all the closing documents, mitigate potential title issues, negotiate with the buyer’s attorney when necessary, work with the lender if there is still a mortgage on the property, and attend the closing.  

3. If Issues Arise During Transactions, Must You Go to Court?

Although some real estate disputes result in litigation, there are other ways to resolve them before going to court. For example, the parties can opt for an alternative dispute resolution (ADR), like mediation or arbitration instead. Doing so simplifies the proceedings considerably. It will also give the buyer and seller more control over the outcome—as long as they are willing to compromise. 

4. What Kinds of Real Estate Law Disputes Require Litigation?

If a problem cannot be resolved through ADR, the parties will have to proceed with litigation. Common issues that go this length include boundary and homeowners association disputes, construction and property defects or delays, landlord-tenant disagreements, and general breaches of contract. 

If you need a real estate law attorney in Iowa, turn to Shelton Law Firm. Based in Chariton and representing clients throughout the area since 1967, this practice offers unparalleled counsel for those facing various legal disputes. In addition to this, their areas of expertise include civil litigation and business and tax law, which you can learn more about on their website. To schedule an initial consultation with a lawyer who will help you navigate a complicated transaction, call (641) 774-5956.