Real Estate Transactions

A lawyer's role in a residential real estate transaction typically includes preparing and reviewing purchase and sale agreements, conducting title searches to ensure the seller has clear title, and closing the transaction by preparing and filing all necessary documents with the appropriate government agencies. They may also provide legal advice and representation throughout the transaction.

Sellers

The lawyer's role in residential real estate transactions for sellers is to provide legal advice and services to help ensure the sale is completed properly and to protect the seller's interests. They will review and explain all documentation, such as the purchase and sale agreement, title documents, and disclosure statements. They will also handle the closing process and the transfer of funds, as well as any other legal matters related to the transaction.

Buyers

A lawyer's role in residential real estate transactions for buyers is to review and explain the contract of sale, research the title of the property, explain legal provisions and advise on any potential risks or liabilities, ensure that proper documentation is completed and filed, and handle the closing of the purchase. Additionally, a lawyer can provide advice and assistance on the negotiation of the purchase contract, assist with the securing of financing, and review title insurance policies.

Transaction Disputes

The lawyer's role in real estate transaction disputes can vary depending on the situation. Generally, a lawyer's role in a real estate transaction dispute includes the following: providing legal advice to their clients, researching the relevant laws, preparing and filing any necessary paperwork, negotiating on behalf of their clients, and representing their clients in court if necessary. Additionally, a lawyer may provide guidance and advice on the best ways to handle the dispute and advise their clients on any risks associated with the dispute.