Real Estate Agent in Cutler Bay
Understanding the Differences between an Attorney and a Real Estate Agent in Cutler Bay for your Needs
Understandably, most realtor companies will suggest you hire a real estate agent when purchasing a home in the South Florida area. After all, just as attorneys represent experts in the legal field, realtors extend their proficiencies to the real estate market.
However, each profession wields its own advocates, in addition to benefits and detractors regarding certain situations during real estate purchases. This essentially means that the best option between an attorney and real estate agent in Cutler Bay is neither of these options individually. When potential buyers need assistance with their real estate transactions, both agents and attorneys bring something to the table.
When many people think about buying property, they won’t want to pay their agent’s fees since most sellers will end up covering this at closing. For this reason, they often ask why they should spend money on an attorney. To put it plainly, because they want the legal protections, advocacy, and advice that only a qualified, experienced real estate attorney can offer.
Hire a Lawyer? Or a Real Estate Agent in Cutler Bay?
When considering an attorney or real estate agent in Cutler Bay for your buying needs, it is essential to consider that many lawyers won’t often sell real estate in their spare time. What this means is that legal professionals might now remain familiar with the specific neighborhoods. This could also include certain specificities about a particular listing.
Furthermore, even agents that remain out-of-practice concerning helping their clients find homes may not be able to spot defects, negotiate for repairs on the contractual agreement, as well as numerous other tasks that experienced buyer’s agents perform.
Contrarily, real estate agents remain unqualified to offer legal advice. They likely won’t wield a license to answer legal questions, even when they fully comprehend the answer. Real estate agents can lose their license if they attempt to offer legal advice to their clients.
Ability to Address Specific Inquiries – An Attorney vs. Real Estate Agent in Cutler Bay
It is an unfortunate truth that many real estate clients cannot differentiate between legal questions and real estate questions. These potential buyers may even nod their head when the agent tells them they can’t offer legal advice. Nevertheless, this is commonly followed up with questions about holding title shortly afterward which is a legal-centric question.
However, when buyers want to know the number of feet in an acre, agents can answer this question legally with confidence. This situation is frequently frustrating for buyers that may wield many inquiries about shared driveway easements, the legalities of property lines, etc.
Because of this situation, a real estate agent in Cutler Bay may walk a very fine line on what they can or can’t say. Although experienced agents may remain able to guide these wayward buyers to the right paragraphs in their purchase contract or legal resources, they cannot outright offer legal information or advice.
They may also offer information regarding what has happened commonly during their experiences as an agent. Unfortunately, they cannot advise buyers directly on what they should do in any scenario.
It isn’t that a buyer’s agent doesn’t want to help. They cannot offer legal advice, plain and simple. If they violate the law by expressing a legal opinion, the buyer may not rely on this information anyway.
A brief consultation with a real estate attorney is the better way for buyers to ascertain legal advice. Nonetheless, this doesn’t impede potential buyers from trying to squeeze this information out of their agents to avoid paying out a hefty legal fee.
An Attorney for Real Estate in the Cutler Bay Area from the Law Office of Madelin Diaz, P.A.
Real estate attorneys serve as an essential component of the real estate purchasing process. When it comes to sales of land, numerous different issues may arise. These include title problems, boundary lines, easements, oil and water rights, zoning, and many more.
Real estate lawyers can investigate property ownership background, legal description, and survey information. They commonly work with potential buyers to ensure that proper title insurance remains in place. Attorneys also ensure that their client fully comprehends mortgage terms and promissory notes. They also check titles to guarantee the property is clear of any encumbrances.
During the process, when attorneys uncover major issues that could affect ownership, they will also advise buyers to solve the problem before closing on the property. Attorneys often represent that only neutral, unbiased party in a real estate transaction. After all, numerous brokers and agents only obtain their fee when the deal closes. Attorneys get their fee regardless to represent the buyer’s best interests.
Purchasing real estate may seem like a straightforward process. However, they protect buyers from many foreseeable risks associated with purchases. For many buyers, this represents a truly priceless service against defending against later issues or claims. Although this does serve as an added expense, hiring an attorney in addition to a real estate agent in Cutler Bay remains the ideal method for an optimal outcome.
Our firm at the Law Office of Madelin Diaz, P.A. works to help individuals in the South Florida community achieve a stress-free closing on their real estate deals. We wield the necessary experience and education to ensure everything goes off in a real estate transaction without a hitch. To learn more, contact our dedicated firm today to schedule a consultation.