Buying real estate is a dream for most people. Some people invest a lifetime's savings in realizing the dream. People buy a home expecting trouble free maintenance and considerable comfort. When they want to sell it, they expect the process to go smoothly.
As home or real estate is the largest investment for most people, it is important that they consult a lawyer before signing any important papers related to buying real estate.
real estate lawyers help in guiding the prospective real estate owner. These lawyers specialize in offering consultancy on pre-purchase real estate issues, as well as handling any after-purchase real estate litigations.
In Florida, real estate lawyers function by being members of the Florida Bar Association, an official organ of the Supreme Court of Florida. The fact that these lawyers are members of the bar goes to say that their competency and experience in handling real estate matters are proven.
How do these lawyers help the prospective consumer? When a prospective owner wants to buy a property, the real estate broker gives him the purchase and sale contract. This agreement determines what is bought and how it is bought. It contains details on land, buildings and furnishings, payments, when is the property [also known as `title’] owned, whether it is marketable and if so, to what extent in terms of cost price, title insurance, the zoning regulations, or restrictions, boundary lines, remedial action in case of defaults, whether the agreement includes warranty deed, title insurance and other matters.
Many people prefer their lawyers to prepare the purchase agreement or to carefully review the one prepared by the real estate broker. It’s because real estate lawyers are specialists in analyzing the purchase or sale agreement.
Real estate lawyers also handle cases related to fraud, real estate taxes, mortgage and refinance, as well as rights of tenants and landlords. The Florida Bar Association’s official Website, www.floridabar.org, is an excellent source for finding real estate lawyers in the Sunshine state. Apart from helping consumers find real estate lawyers in Florida, the website hosts pamphlets of information on `Applying For Credit,’ `Buying a Home’ and other topics which will be immensely useful to the consumer.