real estate lawyer houston, real estate tax attorney, chicago real estate attorney real estate attorney houston chicago real estate lawyer real estate attorney boston real estate attorney lawyer new york morgage attorneys information about the act, compliance regulations, sections. california, new york, boston, chicago, houston, austin, texas, new jersey, nj, atlanta california real estate lawyer massachusetts real estate lawyer san diego california massachusetts san francisco new jersey nj information about seminars, email compliance, training courses, selecting legal representation in san francisco, san diego, atlanta, new jersey, nj, massachusetts, california, new york, boston, chicago, houston, austin texas, atlanta georgia, florida, maryland, los angeles. texas real estate attorney barrister mortgage real estate broker real estate closing attorney real estate closing definitions faq, checklists, auditing, and overview. real estate law nc illinois mortgage lawyers certifications and regulations faq news and purpose.
real estate power of attorney for sale of real estate by practical real estate lawyer review of pending estate closings residential or commercial.
Calling a Lawyer Should Be a Private Home Sellers First Move
by: Richard Embro-Pantalony
|
You are selling your own home because you think you’re up to the task, that it can’t be that difficult? You’re right of course; however you want to make sure you abide by some basic common sense guidelines to help ensure your success. It’s not all about putting a sign on the lawn and an advert in the paper.
Your first step should be calling a lawyer. If you don’t have one you will need to find one. A good bet is to get a referral from friends or family. A lawyer at this stage of your sale will give you all the legal information you need to enter into the sale with a confidence that would be lacking otherwise. Your lawyer can do a title search on your home to make sure it’s free of encumbrances that may only turn up on closing i.e. an encroachment. Do you have an up to date survey? These can be deal killers at the last minute you want to avoid. You’ll need a search done anyway to close your sale. |
Lawyers can also advise you on any new by-laws or regulations you should be aware of for your home and area. Every jurisdiction seems to have rules that need to be followed when preparing an offer to purchase form. A lawyer can make sure these special clauses are written into your offer to purchase form. Have your lawyer provide you with copies of the offer to purchase in hard copy format and also on disk so you can print them off your home PC when needed. Ask your lawyer how he would prefer to see your offer set up.
Ask your lawyer to give you any information you will need to make the closing of your sale timely and without any surprises. If there is anything that will hold up or quash your deal you want advance notice so you can take care of the problem now. Count on being charged for your lawyers’ services but it’s the old adage pay me now or pay me later.
.
Ask your lawyer to give you some insight into your mortgage situation. He can give you details and options based on your current loan that perhaps will help your sale. At the very least the lawyer can give you questions to ask at your lending institution i.e. is your mortgage assumable? If the interest rate and terms are attractive the purchaser may want to assume your current mortgage. All good stuff to know in advance of your sale. Likewise your mortgage may need to be removed so the purchaser can arrange their own financing. What are the ramifications with this, will it be expensive to remove?
When you recruit a real estate agent to help you sell your home, the good ones know all this information in advance. Any information they don’t have that can create problems generally surfaces at closing thanks to the lawyers. Your agent acts in your best interests along with your lawyer to sort out these problems at closing and many issues are usually dealt with to either parties’ satisfaction one way or another.
Not having an agent working for you means your chances of having a problem sometime during the process of trading your real estate is a real probability. The best way to mitigate your chances of potential headaches is to spend the money up front for a legal professional to sort through the landmines before you step on one and your deal disintegrates at the worst possible time. You’ll be investing a great deal of time selling your home. Make sure you are prepared. It is fairly simple to sell your own home. Closing that sale cleanly is another matter entirely.
|
|
About The Author
Richard Embro-Pantalony is the President of www.realestatemate.com and author of "How to Sell Your Home Like a Pro". He offers expert advice on selling your home privately and saving agent fees'.
| Related News Items real estate Real Estate. Buying or selling real estate may be the largest single investment — and one of the greatest satisfactions — of your lifetime. ......
Realty Times - Real Estate News and Advice Real Estate News And Advice ... closing." The buyer has the absolute right to determine which title attorney or title company will conduct the sett...
Selling Your Home, Sell home, selling a house, selling house, sell your home - Selling your home, For Sale By Owner Home selling tips to help sell a house fast; Get a selling price that best suits your house selling needs. ......
wneclaw.wnec.edu The Lawyer's Roles In Residential Real Estate Transactions. I. OVERVIEW. In the paradigm of law practice, a lawyer has a client and owes a variety ...
DOJ/Antitrust: Press Release ... any non-lawyer officer or agent employed by the ... real estate closing services, including the examination and clearing of title, the ... used...
Legal ease | Chicago Tribune news | Making the Deal At one residential real estate closing, the buyer offered to pay $5,000 less than the amount written in the signed contract.
Coldwell Banker Residential Brokerage - Selling Tips ... real estate contract, and coordinating the details of a closing ... laws. These are just a few good reasons to retain a lawyer ... selling a ho...
Untitled1 ... Need A Closing Agent ... house. They are thinking about selling their home themselves. Agent-free selling is what people in the real estate ......
Purchasing a Home in Connecticut - from Lawyers.com ... search brings attention to any known property title problems before the closing takes place. It also insures against loss due to certain title ...
Guides and Tips Red Cliffs Office. Hurricane, Utah. Panguitch, Utah. Mesquite, Nevada. St. George Blvd. ... real estate contract, and coordinating the details of a...
REALTOR.com: The Basics of Making an Offer The Basics of Making an Offer. A written proposal is the foundation of a real estate transaction. Oral promises are not legally enforceable when it...
Real Estate | Homes For Sale FSBO | Tip-Sheet.info Find Real Estate in your area. Homes For Sale FSBO For Sale By Owner ... selling agent, you are ... contract to the lender and closing agent. These...
Why Choose Me! - The Doug Burger Team @ Olympia Real Estate, LLC Olympia WA Top reasons why you should choose me to be your local area real estate expert. Home buyers, search Real Estate Listings and homes for sale, local i...
Amazon.com: House Selling for Dummies: Books: Eric Tyson,Ray Brown ... selling your house yourself, exclusive listing contract, comparable market analysis, nonrecurring closing costs, fake buyers, good real estate ...
|
|