West Palm Beach Real Estate Lawyer
Whether you are a buyer or a seller, or are merely refinancing your loan, you need good, reliable, trustworthy advice about what may well be the largest financial transaction of your life. In today’s real estate transactions, neither the realtors nor the lenders actually represent the Buyers, Borrowers, and Sellers.
Buyers need to be aware of the potential pitfalls in a real estate contract. There are time constraints and requirements that must be met or a buyer can be deemed in default, potentially losing the home they desire and their security deposit.
If you or someone you know needs help with real estate law, contact a West Palm Beach real estate lawyer today!
Additionally, buyers will usually be financing their purchase with a lender and should be represented in the loan process. Lenders fees can vary by thousands of dollars. Having a lawyer watching over the transaction is cheap insurance against being gouged by a lender. At the closing table, questions can arise concerning repairs, title defects, and a myriad of other issues. A lawyer can guide a client, prepare addendums, hold money in escrow, and assure that the client’s needs are addressed.
In situations where a homeowner is refinancing, a lawyer can be a valuable aid to ensuring that the fees are fair. Typically, legal representation is free in a refinance as long as the borrower uses the lawyer for title insurance.
Sellers have specific needs as well. The first contract a seller typically signs is not with a buyer, but with a realtor. Sellers should have legal representation for that contract as the relationship with a realtor is critical to getting the home sold at a fair price. Remember, realtors usually act as transactional agents and do not actually represent the seller.
Once a buyer is found, a properly prepared buy/sell contract will assure that a deal proceeds as contemplated and is not re-negotiated along the way. Frequently, issues will crop up during the time between signing the contract and the closing date, and addendums to the contract may need to be drafted.
Do you need a West Palm Beach real estate lawyer to take on your case? Contact a West Palm Beach real estate lawyer right away!
Sellers will need a title company to handle the transaction, search for defects in the title, or liens against the property. The selection of a title company should not be left to the realtor. Many realtors work for brokers who own their own title companies and the Title Company’s allegiance will be to the broker and not to the seller. The seller’s lawyer will typically be able to handle the closing, either through the law office or through the attorney’s own title company which will work for the client to see to it that the closing is done efficiently and at reasonable cost to the client.
Mitchell Kitroser has represented scores of buyers, borrowers, and sellers in real estate transactions. Additionally, through our title company,
Symphony Title Insurance Co., LLC, we have handled hundreds of closings. We have a trained staff to process closings and spot problems early on with an eye toward preventing problems that might delay or derail a closing. We can also be a source of referral to many qualified, reputable professionals in the real estate industry --, people that we know will provide our clients with expert service and advice at fair fees.