Are you searching for a Katy TX real estate attorney for a real estate transaction? Perhaps you’re wondering what a real estate lawyer does or what they can help you with. Or maybe you’re wondering if you even need to hire a lawyer to sell your house, land, or commercial property.
For most people, buying a home or land may be the most significant investment they will ever make in their lifetimes. But selling a property is also an investment. Getting help with this entire process is always a positive idea. So, what step do you think you need to take next?
Get assistance with negotiations and drafting the legal documentation that comes with selling a property by hiring a real estate lawyer.
Real estate attorneys can help guide you through the legal process of selling a house. These lawyers specialize in all matters relating to property transactions and disputes.
Some states require a real estate attorney when dealing with property matters. On that note, Texas is not one of those. However, having a lawyer with you is still helpful.
What a Katy TX Real Estate Attorney Covers
Having a lawyer with you doesn’t mean you’ll be going to court. So what does a real estate attorney handle during a property transaction?
In essence, a real estate attorney deals with all things real estate law. What does real estate law encompass? Real estate law includes the purchase and sale of “real property.”
Real property is basically land and anything that is permanently attached to it. Although the exact specifics depend on local, state, and federal regulations, it can be generalized into this definition. In some cases, it also may depend on what’s written in the property sale agreement. The full extent of a real estate attorney’s specialty can include assuring that the sale of property follows the proper procedures.
Real Estate Attorneys’ Responsibilities
Real estate attorneys have several responsibilities. A real estate lawyer may review or prepare documents relating to the selling of your home. These documents can include the contract, additional agreements with the buyer, lender documents, title, and transfer documents.
If you hire a real estate attorney, they may also attend the closing. The closing of a transaction is when the money is paid, and the title is transferred. Having an attorney present can ensure that the transfer is legal, binding, and in their client’s best interest.
When selling a property, there are a lot of documents that need to be prepared. The reality is that you may not know all the goes into the process, and that is what a lawyer is here to assist you with. A real estate lawyer will assist with preparing the documents required for a smooth selling and buying process.
If the buyer is financing the purchase, the lawyer is responsible for the paperwork that goes behind it. This is to ensure that they’ll be able to make payments and agree to that statement. Then they’ll send it over to the corresponding parties.
If there is any kind of dispute or needed negotiation during this process, the attorney will assist with settling and negotiating. The lawyer is on your side and knows what is best for you legally, and that is why it is a great idea to have them with you.
Why You Should Hire A Real Estate Lawyer
As stated earlier, unlike some other states, Texas doesn’t require a real estate lawyer to attend property transaction procedures. So the question becomes why you would need a Katy TX real estate attorney? The two main reasons are exclusive representation and peace of mind.
When you’re dealing with selling property, everyone is interested in completing the deal, including the real estate agents and lenders. In these cases, you may not have anyone to turn to. What many don’t realize is that a real estate agent cannot give you legal advice and a bank is just interested in closing. With a real estate lawyer, you’ll have an independent third party who can help review the details and represent your interests during the entire transaction.
And in some cases, your mortgage lender may require you to hire a real estate attorney. If this is the case, there’s a slight chance that you won’t have to pay the attorney with these since they’re not representing you as a buyer. However, they’re not working on behalf of your mortgage lender, and you may still want to hire your own counsel.
Contacting a Real Estate Attorney
It is important to realize that just because you are contacting a lawyer doesn’t always mean you need to go to court. Sometimes, you’ll need a lawyer to watch over the proceeding and make sure the transaction is legal and binding. When it is something as significant as selling your property, you want to ensure that everything is in your best interest. A real estate attorney’s knowledge about real estate law can always come in handy.
Contacting a real estate attorney like John Okonji is in your best interest. He is an expert in real estate law and can help through any and all real estate transactions. And it is important to know that getting a third party’s eyes on the situation, who also happens to be an expert, is beneficial to you.
With all that being said, take the time to contact us at The Okonji Law Office. When you know that you’re ready to complete a sale, trust someone as great as John Okonji. And if you are just looking for legal advice on your property, he can provide this service as well. Maybe you’re not sure if this is going to be completely beneficial for you. Take away that unsurety and get the advice you need.
Katy, TX Fun Facts
- The city was originally “Cane Island” after Cane Island Creek, which runs west of the city’s center.
- Originally, the area was the Karankawa Native Americans’ hunting grounds.
- The current name comes from the Missouri-Kansas-Texas railroad, nicknamed “K-T Railroad.”
- For more information, visit Katy’s official website.