Why It Makes Sense To Consult With Real Estate Lawyers In Phoenix Before You Buy A Home

Why It Makes Sense To Consult With Real Estate Lawyers In Phoenix Before You Buy A Home

September 14, 2019 Off By Glespynorson

Meta: Before purchasing a home, it’s in your best interest to consult with a real estate attorney so you can understand the process and get full protection.

Keywords: Phoenix real estate attorney, real estate lawyer in Phoenix

If you’re looking into purchasing a home, congratulations. This is an exciting time, and sometimes it is difficult to pinpoint where to start. Real estate is usually the largest purchase you will make, so it requires that you do plenty of research. The process comes with many complexities and large stacks of paperwork, especially if you plan to finance the home. It’s not a bad thing—just more involved.

For those looking in the Valley, a Phoenix real estate attorney can help. There are multiple reasons to consult with a lawyer, but it boils down to having a full understanding of the process and what you’re agreeing to and having long-term legal protection.

For starters, your real estate agent will likely give you a boilerplate sales contract. This is not done out of malice, rather it is because real estate agents are not experts in the legal aspects of purchasing a home. Therefore, the basic contract might not detail the steps to take in the event of future issues. It also might be easy to miss details like HOA restrictions or other cons of buying the home. An attorney will read through the fine print for you and can even negotiate terms of the sales contract on your behalf.

The sales contract is also supposed to outline clear-cut legal remedies for potential arbitration or litigation. Its main goal is to protect each relevant party, but that doesn’t mean it’s not worth a close look. Without consulting an attorney first, you might not understand what you’re agreeing to, whether that means the terms of the contract or the high-level legal jargon through the paperwork. Real estate lawyers handle sales contracts every day and are familiar with the hurdles you might encounter along the way, so they can offer actionable advice.

Disclosures are another reason to consult a real estate lawyer in Phoenix when you’re looking in the area. Lawyers know what must be disclosed—damages, structural issues, potential future environmental hazards and more—and can help you determine which disclosures are required. Again, he or she can negotiate amendments or seller concessions on your behalf if you find something suspicious and wish to have it added to the sales contract. Having a trained set of eyes on your contract not only offers you some relief but also the means to keep a deal alive if any problems arise.

Real estate comes with many complications, and future homeowners are right to have many questions throughout the buying process. From sales contracts to disclosures to the multiple negotiations along the way, having an attorney on your side can prove to be a worthwhile investment. It’s his or her job to put your interests first and ensure you get the most out of the agreement, and you’ll be protected throughout the length of homeownership.

Buying a home is certainly a milestone to celebrate, but be sure to tread lightly and do your due diligence before entering a contractual agreement. It will save you time, money and headaches in the future.