There are several good reasons why you should have a real estate attorney present during the closing process of a real estate transaction. Not only will a knowledgeable and experienced attorney give you peace of mind, they will also be there to help you in a number of different circumstances.
Most non-lawyers are not able to fully understand the language of the law. All of the paperwork during the closing process is written in “lawyer speak” and includes important information about paying or transferring taxes, as well as insurance. If you have any questions, you will need a real estate attorney present to provide clarification on the formal language of the paperwork and provide answers.
If a dispute arises during the closing process, you will want a real estate attorney to represent your interests. While you may think both yourself and the other party have come to terms with the purchase agreement, any number of disputes can occur at the closing. Disputes over the cost, the closing costs or when the buyer will take possession, are all common issues that come up during a closing. A knowledgeable real estate attorney will be able to represent your interests, using the law as backing.
Finally, real estate law can differ from state to state so you will want someone present who is well-versed in the state law of Florida. For example, a real estate attorney in Florida will be able to provide you with information about Florida’s homestead tax exemption – specific information about the state’s laws.
You never know when a dispute will arise, when you will have a question about the legal speak of the closing documents, or if you need to know information specific to the state of Florida at the closing process of a real estate transaction. That’s why you need to be prepared and have a real estate attorney, such as one of skilled attorneys at Reinfeld & Cabrera, P.A., on your side to represent your best interests.