5 Reasons to Know a Real Estate Attorney Even When Not Selling Your Home

When it comes to real estate, many homeowners only think about involving professionals like real estate agents or brokers when buying or selling a property. However, having a trusted real estate attorney on your side is a wise decision, even when you’re not currently engaged in a real estate transaction. Here are five compelling reasons why knowing a real estate attorney can be beneficial for homeowners.

1. Property Disputes and Boundary Issues

Property boundary disputes with neighbors or even local zoning conflicts can be stressful and complicated to resolve. A real estate attorney can help you navigate these issues by reviewing property records, conducting surveys, and negotiating with the involved parties to find a fair resolution. They can protect your property rights and ensure you are not encroaching on someone else’s land or vice versa.

2. Property Tax Appeals

Property taxes can be a significant burden. If you believe your property has been overvalued or if you’ve experienced a change in your property’s assessed value, a real estate attorney can assist you in filing an appeal. They have the legal knowledge and experience to help you navigate the complex tax assessment process, potentially saving you money on your property taxes.

3. Easements and Right of Way

Easements, which grant others the legal right to use your property for specific purposes, can become contentious issues. Whether it’s a utility company seeking access to your land or a neighbor requiring a right of way, a real estate attorney, such as real estate attorney Richard M. Watts, can ensure that any easements or right-of-way agreements are fair and legally binding. They can help you negotiate the terms, protect your interests, and draft legally sound agreements.

4. Home Improvement Projects and Permits

Engaging in home improvement endeavors, like constructing an addition or refurbishing your property, often necessitates securing essential permits and adhering to local building codes and regulations. A real estate attorney can assist you in maneuvering through the permit procedures, guaranteeing your compliance with all legal prerequisites. Furthermore, they can assess construction contracts and offer guidance regarding any potential legal complications that might emerge throughout the project.

5. Estate Planning and Inheritance

Real estate stands as a substantial asset, and meticulous transfer planning holds paramount importance. Engaging a real estate attorney can prove invaluable in estate planning endeavors, encompassing the formulation of wills, trusts, and other legal instruments for facilitating a seamless property transition to your heirs. Additionally, they offer expert counsel on strategies for minimizing estate taxes and addressing possible probate challenges, safeguarding your family’s legacy.

How to Find a Trusted Real Estate Attorney

Finding the right real estate attorney is essential for homeowners. Here are some steps to help you locate a reputable attorney:

Ask for Referrals: Start by asking for recommendations from people you know who have previous experience with real estate attorneys.
Check Local Bar Associations: Your local bar association can furnish you with a roster of licensed real estate attorneys practicing in your vicinity.
Interview Attorneys: Schedule consultations with prospective attorneys to converse about your requirements and gauge their qualifications and expertise.
Verify Credentials: Ensure that the attorney is licensed and in good standing with the state bar association.
Discuss Fees: Have a transparent conversation about the attorney’s fee structure to ensure it aligns with your financial considerations and expectations.

Having a real estate attorney in your network can provide peace of mind and protect your interests in various real estate-related situations. They are valuable assets who can guide you through legal complexities and help you make informed decisions, ultimately safeguarding your property and financial investments.