You Think You Know Real Estate Law?

You may think that real estate law is straightforward, regardless of whether you are buying or selling. The truth is, though, buying and selling property and understanding the ins and outs of real estate law in Revere, Massachusetts is incredibly complex, and is often best done with the assistance of a legal professional. If you are engaging in the real estate process, do not overlook the importance of an experienced Revere real estate attorney, like Deborah Gold-Alexander Attorney at Law.

Understanding Massachusetts Real Estate Disclosure Laws

One reason that you need an attorney on your side, whether you are buying or selling land or property in Revere, is to help you understand Massachusetts’ disclosure laws.

Massachusetts retains a law known as Caveat Emptor. This law, colloquially called the “Buyer Beware” statute, protects the owners of most private properties from voluntarily disclosing many defects about the property during a sale. Specifically, the only things that a seller is obligated to disclose voluntarily (without being asked otherwise) include:

  • The presence of lead paint; and
  • The presence of a septic tank, cesspool, or other private waste disposal system.

However, the key word here is “voluntarily”; if the buyer asks the seller a specific question about the property—such as whether or not the property has ever flooded—the seller has a legal obligation to disclose information truthfully. Having an attorney on your side can help you know what you are obligated to disclose (as a seller), and what questions you should ask (as a buyer). If your disclosure rights have been violated, an attorney can help you to take legal action.

The Presence of a Closing Lawyer Is Required in Massachusetts

Another reason that you need a real estate lawyer during real estate transactions in Revere is that under Massachusetts’ law, the presence of an attorney is required during all real estate closing deals. During the closing process, an attorney can help to ensure that:

  • All funds are property transferred;
  • Contracts have been drafted according to terms specified;
  • A contract is thoroughly reviewed before it is signed;
  • All relevant documents, property titles, etc. are collected and transferred; and
  • Your best interests are represented throughout the entire process.

Consult with a Revere Real Estate Law Attorney Today

When you are selling or buying property or land, you need an experienced Revere real estate law attorney who will make sure that your best interests are put first. Deborah Gold-Alexander Attorney at Law has nearly 30 years’ worth of experience in the real estate realm, and will work on your behalf no matter the scope of your real estate legal needs. For a free consultation where we can discuss your real estate questions today, visit us online or call 781-289-4235 now.