|
Why Hire A Real Estate Attorney? By handling the many legalities of the transaction process, an attorney helps you fully understand exactly what you're committing yourself to and makes sure that, when the transation actually closes, you receive what you're supposed to. Not only can an attorney answer questions and provide legal advice and counsel, he or she is also the only person in the transaction legally and ethically obligated to act in your best interest at all times. When Do You Hire an Attorney? The Sooner, the Better. Your goal is to sell your home for the most profit possible with the least hassle necessary -- and zero liabilities or complications after the sale. By handling the many legalities of the transaction process, an attorney helps you understand the purchase contract and what you are signing for. Protecting Your Interests While You Sell Your Home. One of the greatest benefits of using an attorney is that he or she has a legal and ethical obligation to work in your best interest. That means answering a lot of nitty-gritty questions about selling a home, including some very important ones that you may or may not know to ask: *What is the status of my title? Is it free of defects and "clouds on title"? *What is "seller disclosure?" *What sort of things do I have to disclose to a buyer? *Am I at risk for a lawsuit if I don't disclose my home's defects to a buyer? *How can I respond to a buyer's contract contingencies? *What if the buyer's offer is contingent upon the sale of his or her own home? *If the buyer takes over my mortgage payments, what is my liability should the buyer default on the loan? *What are my income, estate, and gift tax consequences when I sell? Attorney's Fees (Peace of Mind Included) You can hire either a non-lawyer title agency or real estate attorney to handle your title insurance; they both cost about the same. Expect to pay a one-time charge ranging from a few hundred to over a thousand dollars depending on the purchase price of the home. The benefit to letting your real estate attorney handle the title insurance is that he or she can also: *Prepare or revise the purchase contract *Resolve any title or inspection issues *Give you legal advice throughout the transaction Questions? Call us if you have any questions regarding the purchase or sale of residential and commercial property. For more information about Buying and Selling your home please click on this site News for Broward Taxpayers Broward Country Property Appraiser |
|
![]() Agent, Attorneys Title Insurance Fund, Inc. |