What is a real estate lawyer's role in a real estate transaction?
A real estate lawyer has multiple roles in a real estate transaction in Washington. Primarily, they offer legal advice, handling contracts and other documents related to the transaction. They ensure that all paperwork is legally binding and in the best interests of their client. Real estate lawyers also help their clients during the negotiations of the transaction. They can help determine a fair price, ensure that all inspections have been done correctly, and advise on the best course of action during the negotiation process. Real estate lawyers also review title searches and surveys to make sure that the parties involved own the property correctly and that all debts associated with the property have been paid. All of these checks can help to avoid potential future lawsuits. Finally, real estate lawyers also represent their clients in court if the purchase transaction goes into litigation. This could include disputes related to payment, deed restrictions, or faulty title. Real estate lawyers play a major role in the process of buying property, and their guidance and expertise can help the buyer to have a successful transaction.
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