February 8, 2017 – Buying a home is a huge life decision and whether it’s your first property or not, having a qualified real estate broker and an attorney can make the process much more safe and simple.
The real estate market is extremely diverse and complicated, with different property classifications (i.e. residential, commercial), land use requirements, and regulations regarding what insurance is needed, mortgages, how much you’ll pay in taxes on the property, and what sort of forms and inspections you are responsible for.
Because of how complicated buying a home can be, working with a licensed real estate broker can make the transaction much smoother. Real estate agents are required to be licensed by the state and are regulated by the Board of Registration of Real Estate Brokers and Salespersons. Along with this regulatory body come many laws and regulations that the brokers themselves need to follow that protect your rights as a consumer.
Many real estate attorneys are also licensed Real Estate brokers, and they can help to review contracts and mortgages you are presented, make sure the sellers are respecting your rights as a consumer, and inform you of the legal responsibilities that go along with purchasing a home, such as insurance and zoning requirements.
If you are considering purchasing a home and would like to speak to a qualified attorney well versed in real estate law, or if you’ve experienced a situation where you believe your rights were violated during a real estate transaction, call the Boston Bar Lawyer Referral Service at (617) 742-0625 or fill out an online request form today.