Are you looking for a Katy TX real estate lawyer to help with your property transaction? Maybe you’re wondering if you even need a real estate lawyer to buy or sell a house, land, or commercial property. Or perhaps you’re wondering what a real estate lawyer actually does.
In some states, you’re required to have a real estate attorney to be a part of the transactional process. In Texas’ case, the law doesn’t require you to have an attorney. So how can they help with the proceedings?
Even if Texas doesn’t require the presence of a real estate attorney, they can still help you with the transaction process itself. Buying or selling property is a significant financial decision to make, and the legal machinations behind it can make it all the more confusing. With a real estate lawyer’s guidance, the process can become smoother.
So the question becomes, what can a real estate lawyer bring to the table that’ll help you in your property transaction?
A Qualified Katy TX Real Estate Lawyer
A real estate attorney is licensed to practice real estate law. Real estate law includes the purchase and sale of “real property.” In this case, real property means land and any permanent structures on it. It may also encompass any legal issues relating to the property or facilities, like appliances and fixtures.
Real estate law essentially covers deeds, property taxes, estate planning, zoning, and titles. Being a real estate lawyer means they have the knowledge and experience to advise you in real estate transactions. They specialize in ensuring that everything during a property transaction follows proper procedures.
If you’re looking for a reliable real estate lawyer to help with your property transactions, contact the Okonji Law Office. Mr. Okonji was admitted to practice by the State Bar of Texas and the U.S. Federal District Court – the Southern District of Texas.
With his knowledge and legal experience, Mr. Okonji helps those who need a real estate attorney throughout the Greater Houston area. Contact the law firm today if you need legal assistance.
The Responsibilities of a Real Estate Attorney
So even after contacting a reliable lawyer, what can Katy TX real estate lawyer do for you? Texas doesn’t require their presence, but they are legally allowed to prepare and review documents and contracts that pertain to the sale and purchase of properties. They can also be present at the transaction’s closing, making sure everything is legal and binding with your best interests in mind.
Both a buyer and seller can have their own attorney present during a property transaction. Their presence can assure that everything goes smoothly. An attorney can also oversee a transaction closing where you’re purchasing property with a mortgage loan. Although, in those cases, the lawyer may be representing the mortgage lender instead.
Please keep in mind that real estate attorneys aren’t like real estate agents. Although these specialized attorneys have advanced contract law experience and knowledge, they don’t qualify as an agent. Real estate agents have their own licenses. However, these lawyers can give you legal advice.
For example, although your lawyer can’t negotiate the price or terms of sale, they can tell you about the underlying legal issues. If there’s something complicated like splitting proceeds after a divorce or selling a house with a deceased owner, a lawyer can advise you on the steps you’ll need to take. They can also identify issues with contingencies in the contract, find loopholes in a purchase agreement, or review offers for red flags.
They can save you from longer-term legal issues that can pop up if you sign a sloppy agreement in haste.
When You Would Need a Real Estate Attorney
In essence, the reasons why you would want a lawyer during a property transaction are exclusive representation and peace of mind.
Since Texas doesn’t require an attorney to be present, you could handle the transaction yourself. In cases where it’s a straightforward transaction, you may not need one. In other cases, a real estate agent can handle the process if the transaction is simple enough. Or perhaps you know you can’t afford a lawyer, then you’re probably better off not hiring one.
However, if you’re selling for sale by the owner or if your property has some unique circumstances, you may want an attorney. They’ll be able to guide you through the legal issues, saving you any trouble and disputes preemptively. With their help, you can be sure that nothing will go legally wrong during the transaction process.
Whether you’re buying or selling personal or commercial real estate, everyone has an interest in completing the deal, including the real estate agents and mortgage lenders. You may not have someone to turn to sometimes. However, with a lawyer, you can get a third party to review the contract. Not to mention, they’ll have your best interests in mind during the transaction.
Getting in Contact with a Real Estate Lawyer
Buying or selling a house, land, or commercial property can be a huge responsibility. And like most significant responsibilities, there may be legal fine print that can trip you up if you’re not careful. Even if Texas doesn’t require a real estate lawyer, you should still hire one if you know things may get complicated. With an expert by your side, you know you won’t lose your way through the maze of procedures and documents.
With a real estate lawyer’s guidance and representation, you can assure that you can proceed smoothly with the transaction. Although they can’t negotiate the price or terms, they can point out loopholes or flaws in the contract. If the property you’re buying or selling has some tricky circumstances, they’ll be able to guide you through what’s necessary.
If you’re in need of a reliable real estate lawyer, you should contact John Okonji. With his experience and qualifications, Mr. Okonji will be able to help you with your real estate transactions. Contact the Okonji Law Office if you need the assistance of a Katy TX real estate lawyer today!
Katy, TX Fun Facts:
- Though a hurricane destroyed Katy in 1900, many historical buildings were preserved and you can take a tour downtown to see them.
- Hundreds of geese and wild birds migrate to Katy TX each year. There are many statues of geese around Katy.
- Katy was once known as the rice capital of the world. There is an annual rice festival every fall.
- For more fun facts, visit Katy’s official website.