While Florida real estate law doesnât require you to have a real estate attorney, there are some instances where having a legal representative can be a good idea. When purchasing property that has common interest developments, it can be hard for the average investor to distinguish between property parts that are for their exclusive use, vs. parts of the property that are for community use. Common interest establishments like condos might have ongoing lawsuits that may have a significant effect on the value of the property in the future. With the help of a real estate attorney in Petersburg FL, you can get to know what potential outcomes of the ongoing lawsuit may have an effect on your investment. This, in turn, helps you make an informed decision on whether to invest in the property or not. A real estate attorney can ideally help ascertain that the title to the property is good before you decide to close the sale.
That being said, you should hire a lawyer who can pinpoint these issues before making a decision. Itâs always best to hire an attorney who has vast experience in the real estate industry. You can check this with local realtors associations or even the bar associations. Also, try and find an attorney who is recommended by someone you know and trust, like a friend or a relative. You should, however, avoid making your decision based on a recommendation alone. You should do your due diligence by conducting an online search. Most lawyers have a presence online and you should be able to see how they have handled property cases and transactions before. You should ideally ensure that they are licensed by the state to operate in Petersburg. Purchasing a property is a substantial investment, and so, itâs vital to have the best in the industry overseeing the transaction.