What is the Difference Between a Real Estate Agent and a Real Estate Attorney?
It is not every day that you buy a home. It is a major life decision and should be carefully planned. When buying a house, rushing your decision is a costly mistake that you do not want to make. Many first-time homebuyers hire a knowledgeable real estate agent who can help them navigate the complicated world of real estate. An expert agent leverages their knowledge of the industry and familiarity with neighborhoods, sellers, and contractors to recommend their clients properties that meet their specific needs. Others, on the contrary, feel more confident hiring a real estate attorney.
Real Estate Agent vs. Lawyer: What’s the Difference?
What Does a Real Estate Agent Do?
A real estate agent meets and interviews their clients to understand their needs. Once they have a clear understanding of what the client is looking for, the professional researches the listings that fit their needs. They plan property showings and answer any questions that buyers have during property tours. A real estate agent also helps with paperwork. A real estate agent will also help you with other tasks such as hiring inspectors, negotiating with different stakeholders, and drafting contracts. An expert real estate agent is well connected, and can help you find the right mortgage loan broker. In a nutshell, a real estate agent provides their clients comprehensive support at every stage of the home buying process, helping them make an informed decision.
How Can a Real Estate Attorney Help?
A real estate attorney, on the other hand, will help you navigate the legal landscape when buying a property. When it comes to real estate laws, there is no such thing as a one-size-fits-all. Real estate laws can vary widely from one state to another. A real estate attorney can help you understand and abide by the laws of your state. Many states allow only a real estate attorney to prepare the home purchase documents, conduct a title search, and close the deal.
How Do They Get Paid?
A real estate agent receives a commission after the deal is successfully negotiated and closed, whereas real estate attorneys usually charge by the hour.
Should You Hire a Real Estate Agent or Attorney?
Some real estate attorneys don multiple hats. They not only advise their clients regarding legal matters, but also sell real estate. In most cases, a real estate attorney in Santa Rosa, however, does not possess in-depth knowledge regarding specific neighborhoods. An attorney will be unable to help you prepare a competitive market analysis report, negotiate for repairs, and spot defects during a property visit.
A real estate agent, on the other hand, cannot answer legal questions. The law forbids them from providing legal advice.
Both agents and lawyers play an important role in the home buying process. When buying a property, hire an experienced agent who will provide you invaluable advice. When you need legal advice, consult a law firm in Santa Rosa.
Finding it difficult to navigate the complex legal framework? Let Johnston & Associates Law help. We are a top-rated law firm in Santa Rosa. Our legal experts will offer you every help that you need for making the right moves when buying your dream home. To consult a real estate attorney in Santa Rosa, call us at 707-545-6542.