While the state of Pennsylvania does not require an attorney’s involvement in real estate transactions, it’s wise to seek legal counsel if you’re planning on buying or selling property in the Keystone State. A seasoned real estate lawyer will protect your best interests and facilitate the sale in the following ways. 

Why Should You Hire a Real Estate Attorney?

1. To Negotiate the Terms of the Sale

A real estate attorney will not let the opposing party take advantage of you. By letting a professional negotiate on your behalf, you’ll be able to secure the best deal possible. Your lawyer will also make sure you understand all the terms of the negotiation and their potential legal consequences before signing off on them. 

2. To Draft, Review, & Modify Contracts 

Even the simplest real estate transactions can be accompanied by a mountain of paperwork. The purchase and sale agreement is arguably the most important document. It should state in unambiguous and legally binding terms the final sale price, earnest money deposit details, and closing date. It should also include any contingencies that must be met in order for the sale to go through, including an agreement from the seller to provide a clear title. A seasoned lawyer will help you draft or review this contract, as well as any other documents that are required to complete the sale. 

3. To Handle Title Issues 

A title issue can pose a challenge for both the buyer and seller. In other words, regardless of which side of the transaction you’re on, you’ll want expert guidance when it comes to the title. An attorney can conduct a comprehensive title search and, should any issues be revealed, devise strategies for resolving them so the sale can proceed. Your lawyer can also assist with title insurance and facilitate the final transfer of ownership at closing. 

Before buying or selling property in Pennsylvania, turn to Ferraro Kruk & Ferraro, LLP. Located in Brockway, this full-service firm is proud to facilitate real estate transactions in Cameron and Elk counties. With a commitment to protecting their clients’ best interests, they use all the resources at their disposal to ensure every sale is both fair and financially viable. In addition to property law, they provide legal advice on family law, estate planning, business law, and personal injury law. To request a consultation with an attorney on their team, call (814) 268-2202. Visit them online to learn more about their services.