Property changes hands all of the time. In 2022, people bought around 5 million existing homes. That’s to say, nothing of commercial and industrial property sales.
Of course, buying property isn’t the only way you can come into property. In any given year, around 3.5 million Americans pass away. Many of those people will pass on property to friends and family members.
While you always hope for a smooth deed transfer when buying or possessing the inherited property, it doesn’t always work that way. If you find yourself amid a complex property transfer, keep reading to see how a lawyer can help you.
Understand the Issue
Real estate law can prove particularly complex. Disputes over legitimate ownership, back taxes, and even property lines can stretch out for years. The legal details can become murky for someone coming into the situation as a potential buyer or someone inheriting property.
A real estate lawyer can break down the problem in layman’s terms. That lets you get a handle on what you’re up against in resolving the issue.
Handle Paperwork
There is a lot of legal paperwork involved in complex deed transfers. For example, one side or the other may need to provide paperwork to prove that they resolved an issue before the deed transfer can happen.
On the other side, you may need paperwork prepared saying that you understand any limitation on the deed transfer. For example, you might buy a home and land but not receive mineral ownership rights to the property because of a prior agreement.
When faced with analyzing or preparing legal paperwork, it’s almost universally true that you want a lawyer well-versed in real estate law to prepare it. It helps you avoid future problems when, for example, you want to sell the property to someone else.
Represent You
Most deed transfers don’t end up in court, but some do. More importantly, resolving real estate problems often involves a lot of meetings. Sometimes, that means meetings between the buyer and seller, but it can also mean meetings between the buyer and government agencies.
Rather than attending these meetings yourself, your lawyer can attend these meetings and represent you in them. Not only does this save you time, but it also means that the person representing your interests has a professional understanding of the issues at play.
Navigating Complex Deed Transfers
Navigating regular deed transfers is often a work and paperwork-intensive process that requires at least some legal assistance. When dealing with a complex deed transfer, you often need a lawyer even more.
A good real estate lawyer can help you understand the precise nature of the problem or problems. They can manage paperwork analysis and document preparation for you. They can also represent you in meetings or even in court if necessary.
Monastra & Grater, LLC offers real estate legal assistance in southeastern Pennsylvania. For more information or to schedule a consultation, contact Monastra & Grater today.