Biggest Mistakes to Avoid When Purchasing Real Estate

Buying real estate in this supercharged market can be equally exciting and stressful! Having an experienced real estate lawyer on your side will help make your prospective real estate transaction go as planned.

The Florida real estate market can be tricky to navigate, but by working with a real estate lawyer, you will have their experience and expertise to ensure the real estate contract and any transactions work in your best interest.

Dive in to see how a real estate lawyer can help you avoid making these big mistakes before buying a property:

When should you hire a real estate lawyer when buying a property in Florida?

Purchasing a home is likely the most important and largest investment you’ll make in your lifetime. Consulting a real estate lawyer before making the final decision to purchase is the best thing you can do. They will review all your real estate documents, which will help prevent unnecessary oversights that can cost you thousands, which will remove any unknown needed stress throughout your real estate transaction.

What are the potential risks of purchasing real estate?

Real estate purchases are complex, and it is crucial to have a lawyer working on your side before and during the closing in order to avoid any potential pitfalls, including:

  •     Back-to-back, immediate sales of the same property to inflate the price
  •     The seller of the property not fully owning the property prior to selling or misrepresenting themselves
  •     Legal issues relating to the development, infrastructure, insurance, tax exposures, and renting.

What benefit is there to a real estate lawyer examining your real estate documents?

Real estate documentation, like every other legal documentation, can be confusing and lengthy. It is crucial that you not sign your name on any documents until it has been fully examined by a real estate professional. With real estate transactions, there are several documents that must be signed before closing on the property, and you must review every one of them.

An experienced real estate lawyer will comb through all of the real estate agreements and contracts, and explain in simple terms what you are agreeing to before signing a single document.

If you are in the market to buy real estate, contact us at The Law Offices of Ray Garcia. We have the experience needed to handle each step of your real estate purchase so that this time can be more enjoyable and not stressful.

The following two tabs change content below.

Law Office of Ray Garcia, P.A.

Our mission is to provide our clients with legal services that not only meet their needs but exceed their expectations. We approach all practice areas with care, knowledge, experience, and determination. Trusted In South Florida For Decades.

Latest posts by Law Office of Ray Garcia, P.A. (see all)

Skip to content