Buying or selling a home is massive financial investment. While going without a real estate lawyer might seem like a smart way to minimize expenses, this choice might cost you in the long run. Below are just some of the ways a legal professional may actually help your wallet. 

4 Ways a Real Estate Lawyer Saves You Money

1. Reviewing the Sales Agreement

Real estate agents create the sales agreement, which outlines the terms of the sale. Unfortunately, real estate agents usually use generic forms, potentially creating confusion and errors you might not discover until it’s too late. Having a real estate lawyer review the agreement will ensure the final contract actually reflects the terms you negotiated.

2. Performing a Title Search

If a previous owner or lien holder has a valid interest on the property, the new owners are responsible for paying it off after closing. Your real estate lawyer will research public records and deeds to find any potential problems with the title.

3. Reviewing the Agency’s Contract

Many clauses in standard real estate agency contracts are unfavorable to the sellers, and could cost you thousands of dollars. For instance, some might require you to pay the agency a commission even if you arrange the sale yourself months after terminating the arrangement. A real estate lawyer has the legal understanding to review the contract and make adjustments to protect your interests.

4. Advising on Zoning Regulations

If you plan to substantially alter a property, talking to a real estate lawyer before closing will help prevent potentially costly errors. For instance, local zoning laws might forbid economic activity in a certain area, limit how tall a home can be, or require you to use certain materials. Savvy real estate attorneys will review the local rules and regulations to ensure your plans are possible before you buy a property.

If you’re buying or selling real estate anywhere in the Jefferson County, PA area, the attorneys at Ferraro Kruk & Ferraro, LLP will protect your interests, potentially saving you thousands. Their dedicated lawyers will take the time to understand your situation and provide the detailed legal advice you need. Visit their website for an overview of their legal services, or call (814) 268-2202 to schedule an appointment.