Why Use Both a Real Estate Agent and a Real Estate Attorney?

by Isaac Benmergui, Esq on April 1, 2016

662146 662146

Real estate agents and real estate attorneys aren’t mutually exclusive. You can and should use them both when the situation calls for it.

The Argument Against Agents

As home prices rise, it’s also more expensive to pay the 6-percent commission on a real estate agent. Some people would also argue that real estate agents aren’t as necessary anymore with home sites like Zillow and Trulia on the rise. Ordinary people can now look at price histories, comps, and detailed home information with a click of the mouse. But, it’s not that simple. Agents are connected, both to the market and the banks. If you’re interested in a foreclosure or short sale, agents are valuable tools in finding those before they hit the market. Agents can also get you information on traditional sales before they even hit the market, whereas it can take anywhere from a few days to a week for a property to show up on a real estate website. Real estate agents also have the ability to double-check all the housing details, which are often missing, incomplete or altogether wrong on real estate websites.

Buyers are Turning to Attorneys

Many homebuyers have found that real estate attorneys are affordable, well educated, and give advice they can trust since their pay is not based on the final sales price of the home. Their services in amending and translating legal documents at closing, as well as negotiating and solving legal issues as they arise, is invaluable. But, without a real estate agent, coordinating inspections, appraisals and other closing tasks can be difficult since you don’t have access to the home.

Take a Team Approach

By using both a real estate attorney and a buyer’s agent, you get the best of the market information, facilitation and neighborhood knowledge of a real estate agent, plus the legal know-how, neutral advice, and negotiating ability of the real estate attorney. In some states like New York, it’s already standard to use both. That trend will likely spread as ordinary people get smarter about protecting their interests when buying property.

Call Miami Real Estate Lawyer Isaac Benmergui at 305.397.8547 and set up a no charge, no obligation consultation to discuss your case. We have over a decade of experience handling Real Estate, Civil Litigation, and Personal Injury cases throughout Miami and South Florida, and will use our expertise to help your case to the best of our abilities.

Previous post:

Next post: