Buying or selling a property in Indiana can be a very complicated and expensive process, whether it's a commercial real estate transaction or one involving a home, condominium, or residential property.
This is why many people and businesses hire a real estate lawyer to help in such situations. But what does a real estate attorney actually do? For example, does Indiana require people to hire a real estate lawyer to complete a real estate transaction? And how much do these attorneys cost?
The experienced Indianapolis real estate attorneys at Hocker Law can answer all these questions and many more. That's because we have helped numerous people and businesses successfully complete many real estate transactions throughout Indiana. So keep reading, or contact us to schedule an appointment at our law firm.
What does a real estate lawyer do?
Real estate attorneys serve a critical role in many different types of real estate transactions. Depending on the nature of your business transaction, a real estate lawyer can help in the following ways:
- Explain the legal options for your particular real estate transaction, including the financial and tax implications of different transactions.
- Review and draft all legal documents related to your real estate transaction.
- Confirm who legally owns a property before finalizing a purchase or sale agreement, including filing a quiet title action.
- Identify whether any back taxes or liens apply to the property in question.
- Determine whether any deed restrictions or covenants apply to the property.
- Deal with banks or mortgage lenders on your behalf to ensure your purchase, sale, or other real estate transaction meets their legal requirements.
- Represent you in any legal disputes involving the property in question.
Do you have to hire a real estate attorney in Indiana?
By law, you are not legally required to hire a lawyer in Indiana to finalize a real estate transaction. Unlike some states – including the neighboring state of Kentucky – Indiana allows businesses and individuals to complete real estate purchase and sale agreements independently.
However, it's important to understand that many real estate transactions can be highly complicated legal matters. And if a mistake is made at any point in the process, your real estate transaction could be challenged in court by someone else or another business.
This is why many people hire an experienced real estate lawyer with an in-depth understanding of real estate law in their state. For example, in Indiana, many people choose our Indianapolis real estate attorneys based on our extensive track record of successfully finalizing such transactions.
How much does a real estate lawyer cost?
Fees vary depending on a range of factors, including the nature of the real estate transaction, if any legal challenges arise at any point, and which law firm you choose to hire to work with you. Our Indianapolis law firm keeps costs in mind at all times when working with clients. That's why we always advise individuals to discuss legal fees up front with their real estate attorney.
Why should I hire an Indiana real estate attorney?
Many law firms might seem the same if you're dealing with a legal matter involving a particular piece of property in Indiana. But the more you learn about real estate law, the more you realize just how important it is to choose the right real estate lawyer to work with you.
The Indianapolis real estate attorneys at Hocker Law take great pride in our work on behalf of clients. We understand the legal ramifications of real estate transactions. That's why we never take anything for granted. Instead, we do the work that needs to be done to do the job right.
To see how an experienced Indiana real estate lawyer can help you, contact our law firm today. Call (877) 626-7725 or schedule an appointment online. We have three offices conveniently located in Indiana, including two offices in Indianapolis.