Selling your home is tough both emotionally and physically. Many people usually make the mistake and hire their own real estate agent. Instead, you should make a serious effort and consideration to hire a real estate lawyer.
Having a real estate lawyer is much more effective than having an agent simply because they know your seller rights and will protect them at all costs.
The lawyer will be able to review all the legal forms and documents throughout the selling process. This becomes extremely helpful when you are required to sign something. This may include the title, and ensuring it is clean. With a lawyer, it is much easier to correct any errors or issues.
The lawyer will have other duties as well. He will oversee the contract, binder, and he will create the purchase agreement. All of these tasks are things you should avoid doing yourself, and let a proper professional handle them.
Another great benefit that is often overlooked when it comes to having a lawyer is the fact that negotiations are handled by him. He will be able to sway the buyer effectively, and will ensure no tax implications occur.
The lawyer will take care of security deposits and insurance certificates, and will also close the sale. The closing usually takes place in the real estate lawyer’s office.
Perhaps you may feel as though hiring a lawyer is too expensive. You need to realize that it is worth the fee you pay. Without one, you have a significantly higher chance of ending up in a lawsuit.
In the end, the seller is at an extremely large amount of risk when it comes to real estate. A lawsuit can prevent the seller from reselling or refinancing the house. Avoid this at all costs. Make the right decision and hire a lawyer.