Buying or selling a house or a land for the first time can be a big decision. Maybe this is the largest one of your life. This is partially a legal process. Many problems may arise while buying or selling a house or a land. These complications are easy to get entangled into. However once involved, you may have to face a lot of trouble to break free.
The basic real estate transaction happens through a broker. The buyer and seller both enter into a contract with this broker. More than often this contract is a written one. When this is done, the broker acts as the middleman in the transaction and keep the communication between both the parties going. After a formal verbal agreement, both buyer and seller enter into a formal contract and at last the transaction take place. The buyer gets the house and the seller gets the money. However, the reality is not as easy as it sounds like.
You may get into a lot of trouble. You may have to pay the broker the brokerage, even when the transaction has not taken place. You may even have to pay double, many times.
The only way to avoid such troubles is hiring an attorney with experience in handling real estate cases. You can consult a competent Ft Lauderdale real estate attorney to have a look at your report. This way, you will protect yourself from any legal issue. Even if you do not need an attorney at the initial stage, you will require one when the tax issue will arise.