Real estate attorneys specialize in legal matters associated with a property, starting from sale transactions, real estate transfer, New York, to disputes between parties. If you’re considering purchasing a house, which is quite an expensive investment that you’ll ever make, or wish to sell your property, it is best to hire a real estate attorney who’ll guide you through the legal process. For example, there are a number of ways real estate attorneys can transfer property from one owner to the other, such as one way to transfer the ownership of a piece of real estate is through a deed, again, there are a variety of different deeds; then there are Quitclaim Deeds, which is the simplest way to convey your interest in real property to another owner, etc.

Deeds are extremely important documents, and accuracy is crucial. Something as (may seem) trivial as a misspelling or any omission can lead to grave problems down the road. Also, it is likely in your best interest to record a deed as soon as you can to avoid any potential issues. It is best to have a licensed attorney as there are many more ways to convey real estate and assign interest. He/she will devise strategies tailored to your unique needs, which will stand you in good stead.

There are a lot of reasons that it’s a smart idea to have an attorney when buying or selling property, which are as follows:

Cost-Effective- Having an attorney who specializes in real estate by your side means he/she will bring his/her expertise of laws and regulations which will offer you the extra protection as you close the deal smoothly. A real estate attorney can also act as your realtor. They are known to have good connections with title companies and can get you good discounts; some are title agents themselves.

All these will ultimately help you save time and money. Not to mention, they’ll assist you in reviewing and understanding all the legal language in your contract, which is bound to save you time, unneeded stress, and most importantly, will protect you from signing a contract that may not be in your best financial interest.

Property Transfers- There are no two ways about the fact that contracts are pretty much complex when it comes to corporations, trusts or partnerships. To navigate complicated deals (to make sure the buying/selling process goes smoothly), you’ll definitely need the services of a real estate attorney to understand the terms in these contracts and make sure they are on the same line as the laws of your state. They also have experience preparing complex contracts.

Reduced risk of getting sued- Real estate transactions need to be completed properly, any loophole and you run the risk of being sued by the other party. Home inspections, title issues are certain things that require complete disclosure. An attorney will ensure your compliance with all these and help you in making appropriate disclosures and secure a clear title.

Filings- An attorney will know their way through the state regulations and can take care of the filing in a quick and efficient manner. You can also enlist their help to secure your tax identification number, sole proprietorship or a business license from the municipality.

Also, leaving all the paperwork in the hands of a professional will free up a lot of time for you to focus on the actual moving process like packing your boxes, cleaning your home, and figuring out which dates your move-in will take place.

Taxation- Receive solid advice on how you can take advantage of tax provisions, which is especially important to the seller.

To sum everything up, at the end of the day all you want is for the deal to go through, and your real estate attorney is the only one looking out for you. Opting for the services of a real estate attorney becomes even more important if you're trying to navigate a particularly murky or complex situation like a foreclosure or a short sale.