In most areas, homebuyers are not required to hire a real estate litigation lawyer in Williamsport, MD. While a home is the biggest investment of a person’s life, the transaction is standard. In the event of a legal issue, only an attorney can offer advice and courtroom representation. Here, potential homebuyers can learn how a real estate lawyer can help them at all stages of the process.
Confidentiality and Legal Review
An attorney can be useful in reviewing a real estate contract. If a person is buying a home without a buyer’s agent, they should ask an attorney to review the agreement to ensure that the terms are equitable. Additionally, an attorney is bound by the rules of confidentiality. If a buyer wants to keep his/her intentions a secret, the lawyer is legally prohibited from revealing details of the transaction. Therefore, clients can speak to their attorneys candidly without worrying that the information will be divulged to others.
How Real Estate Lawyers Are Paid
Unlike a real estate agent, a real estate litigation lawyer in Williamsport, MD is paid an hourly fee. That is the biggest drawback of hiring legal help for the purchase process, as an attorney’s fees can range from $175 to $400 an hour. However, some attorneys charge a flat fee for some services such as preparation and review of closing documents. Alternatively, a client can tell the attorney in the beginning that they can only afford a few hours of services. Communications regarding payment should be clear from the start so there are no misunderstandings, and payment arrangements should be put into writing.
The Final Word
Whether a homebuyer chooses to hire a buyer’s agent, a real estate lawyer or both, they should remember that they are in control of the process and that the attorney is there to offer help and legal advice. By communicating their needs and desires clearly, getting all agreements in written form and being proactive throughout the process, a homebuyer can get the home they want with no unpleasant surprises. For more information or to schedule an initial consultation, visit the law office of Bonnie A. Winders, LLC.
