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Real Estate Transactions: Why You Need a Lawyer When Selling Your Real Estate



As a Wisconsin real estate attorney who works closely with clients on a variety of legal matters, I sometimes get asked one question by my clients, "Do I need to hire a real estate attorney?"

In a typical real estate transaction, a purchaser will present an Offer to Purchase to a seller. This is the most important contract in any potential real estate transaction. An Offer to Purchase stands as a contract even after the closing has taken place. What is contained in that contract is vital to any seller. There are implied warranties that you may not even be aware you are giving to your purchaser. Having an attorney review any Offer to Purchase prior to signing is your insurance policy against future liabilities.

In a real estate transaction, a seller is responsible for providing among other things, Title Insurance, Deed with Electronic Real Estate Transfer Receipt and a Closing Statement. Hiring an attorney to assist you takes the worry out of how to provide these documents. You simply have to show up at the closing.

Having an attorney by your side in a real estate closing in which you are selling your real estate will alleviate any worry or pressure involved in seeing that the transaction closes smoothly. The attorney will handle any unknown issues that may arise, such as a cloud on title, unknown liens or any encroachments.

Hoeper Law Offices has been handling real estate transactions for over forty years. It is our practice to take care of any possible problems that may exist well in advance of the closing. You can then walk into the closing knowing that problems have been dealt with and settled to insure that your sale will be successful.

When you are potentially dealing with a transaction worth tens of thousands if not hundreds of thousands of dollars, as the saying goes, "An ounce of prevention is worth a pound of cure."

Are you purchasing a real estate property? Contact me at the Hoeper Law Offices to arrange a consultation. I can be reached at (920) 324-5050.

Categories: Real Estate Law
Hoeper Law Offices - Waupun Probate Attorney
512 E. Main Street
Waupun, WI 53963
Phone: (920) 324-5050

The information on this website is for general information purposes only. Nothing on this site should be taken as legal advice for any individual case or situation. This information is not intended to create, and receipt or viewing does not constitute, an attorney-client relationship.

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