Because so much is at stake, buying and selling real estate is fairly complicated. The transaction itself can take months, and that’s after all the inspections, negotiations, and loan applications have been completed. Although every transaction follows the same basic proceedings, each sale is different, and there is no comprehensive guide or DIY template that applies to every situation. For this reason, it is wise to protect your own best interests when buying or selling property by hiring a seasoned real estate attorney. Here is what you can expect from the lawyer during the transaction.

If You Are the Seller

If you are selling a home, the first task your real estate attorney will complete is reviewing the brokerage agreement proposed by the realtor, if a real estate agent has been hired. This will help mitigate all kinds of disputes from the start, like having to pay a commission even if the property does not sell.  Your attorney will be there to assist in the negotiations with the buyer; the buyer’s attorney or agent for a fair price and for the terms of the sale (for example, what items are included in the purchase price) Once everyone has agreed to the terms of the sale, your attorney will draft the purchase agreement. After making any necessary modifications based on feedback from the buyer’s side, the transaction will commence, and your lawyer will facilitate it every step of the way. 

If You Are the Buyer 

When representing buyers, real estate attorneys review all documents line by line, negotiate for better terms as needed, and make sure any title issues that arise are fully resolved. They also work with lenders from day one to prevent financial hurdles along the way. Additionally, if there are any serious issues with the property, your lawyer will ensure you have a way out of the sale. Assuming no such problems arise, the attorney will represent you at the closing and go over every document to confirm you understand their terms and your own obligations before signing. 

If you need a real estate attorney in Clermont County, OH, turn to the Swartz Law Office. Based in Batavia, this firm is led by Donald K. Swartz, who has been practicing law in both Ohio and Kentucky for more than 20 years. His areas of expertise include real estate transactions; juvenile law; bankruptcy; wills and estate planning, and custody and divorce. Reach out and schedule an initial consultation by visiting his website or by calling (513) 732-0900.