EP #20: Why Expert Legal Advice matters: Real Estate Attorneys vs. Title Companies

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Episode Transcript

Unknown (16:52:00):
Welcome to Goodwin law unplugged, Florida real estate
and more. This podcast featurescandid insight for real estate
industry professionals from allsectors. Your host attorney
Matthew Goodwin, a nativeFloridian, an experienced real
estate attorney will provide hispersonal insight on legal
matters and feature otherprofessionals offering their

(16:52:21):
candid advice. Whether you're afirst time homebuyer, seasoned
investor or experienced realestate agent, there is something
for everyone. Thanks for joiningus on Goodwin law unplugged.

Matthew Goodwin (16:52:34):
Hello, everybody, Matt Goodwin back
continuing the beginning of aseries that that is essential
waiting the top 10 reasons whyyou should choose a real estate
attorney for your nexttransaction. Number one reason
is expert legal advice. So I'mgoing to talk briefly about the

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role of Real Estate Attorneystoday. Real Estate Transactions
Whether you're buying, sellingor leasing are often complex and
layered with potential pitfalls.
And many of us feel equipped tohandle these dealings
independently. Relying on theexpertise of Real Estate
Attorneys can be the differencebetween a smooth process and
unforeseen complications.

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Question Why is legal expertisecrucial in real estate? One
reason is risk management.
properties come with undisclosedissues, from structural defects
to legal disputes over landboundaries. And real estate
attorneys ensure that all suchissues are addressed and
potential future conflicts aremitigated. Another reason is

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understanding of contracts.
These real estate contracts canbe dense, or in some case,
really thin. They sometimes arefull of jargon, or often are
full of jargon and difficult tounderstand need requiring you to
either fill in the lines or tryto interpret and bounce back and

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forth. But they govern the termsof the transaction and can have
long term ramifications. Anattorney can help you clarify
terms, a min clauses that mightbe unfavorable and ensure that
you fully grasp the commitmentsyou're making. Another reason is
protection of rights andinterests. This is the

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cornerstone of an attorney'srole. They ensure that your
rights as a buyer, seller, or alessor are not infringed upon,
and that you're entering intoagreements that are fair and
equitable. For instance, ifyou're buying a property, an
attorney can confirm there's noliens against it. Now title
company might search for liens,but the real estate attorney can

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actually address some of theissues and resolve them all
under the same roof. Andsurprisingly, at a reduced or in
some cases, no additional cost.
Real Estate Attorneys areensuring that property taxes are
up to date that the proration isare correct, and verifying that
the seller truly has the rightto sell. And finally negotiating

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and closing. Right so if you'reworking with a real estate
attorney, they provide a ton ofvalue. And not all of them are
created equal when it comes tonegotiation. And even the good
ones still need that that extrabump sometimes to you know,
that's that second opinion. Sohaving that attorney provides an

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added layer of insurance ofassurance, they can advocate for
better terms, we can scrutinizethe details of the deal and
ensure that everything islegally sound at the closing and
make sure all the documents arecorrectly executed and recorded
and that their funds changehands properly. So in
conclusion, venturing into areal estate transaction without

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expert legal advice is likesetting sail in unchartered
waters without a map. While youmight successfully navigate
through the risks and potentialpitfalls can be detrimental. So
it's not just about making apurchase or a sale. It's about
safeguarding your interests,your assets, and your peace of

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mind. Real Estate Attorneysprovide that anchor of safety,
expertise and guidance in anotherwise intricate process. So
for your next real estatetransaction. Think twice about
just going with any titlecompany and keep in mind the
importance of engaging a realestate attorney and establishing

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a long term relationship fromyour next transaction.

Unknown (16:56:43):
Thanks for listening to Goodwin law unplugged. To learn
more about Godwin's Law and toutilize our services, visit
Goodwin estate law.com or call239-207-3403 of Lamos Espanyol
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(16:57:06):
Goodwin law pa in Naples Floridathis has been Goodwin law
unplugged thanks again forjoining us