According to the Bureau of Labor Statistics, in 2014, there were 603,310 real estate lawyers in the United States. There are actually a wide variety of reasons involving real estate transactions to hire this specialized type of lawyer. Before you start any type of real estate transaction, it’s important to understand the facts about seeking this type of legal advice. With that in mind, here are just a few of the most common myths surrounding real estate lawyers and transactions.
“I don’t need a real estate lawyer to buy a home.”
This is a surprisingly common myth, but it doesn’t have much merit. Yes, it’s possible to complete a real estate transaction without an attorney’s help, but that doesn’t mean that it’s at all easy. Buying a home becomes exponentially easier with the help of a qualified attorney, especially if you’re a first-time homebuyer or you have a large investment portfolio. What’s more is that many times, you’ll end up losing more money than you saved from not hiring a lawyer through sloppy transaction details. Save yourself the headache and work with an attorney.
“I can draft a tenancy agreement without the legal help of a real estate attorney.”
Whenever crafting a long term agreement for tenancy, consulting a lawyer is very helpful. You as a landlord have a number of legal obligations to fulfill in order to make a habitable environment for your tenant and avoid a potential lawsuit. Hiring a lawyer helps you and the tenant come to a mutual understanding regarding both of your legal duties as well as the conditions of the contract or lease.
“I simply can’t afford to hire the best lawyers Wilmington Delaware has ever seen.”
This unfortunate myth is what prevents people from taking action and making their transaction easier. The fact is, hiring a real estate attorney is much more affordable than you think in most cases. Even if you do decide to forego their services, it’s helpful to explore pricing to see if it can be included in your budget.
Ultimately, knowing the truth behind these common myths can help you select the best legal services for your unique needs. For more information about hiring the best real estate lawyers Wilmington Delaware has to provide, contact Baird Mandalas Law.