Similar to when you bought your home, it’s essential to have a lawyer handle all the various legal documents that change hands.
You’ve probably already worked with a real estate lawyer
The most logical candidate is the lawyer you hired when you bought your home. They’re already familiar with the property and may have even prepared the purchase documents. If you were satisfied with their work and fees, look no further.
Other ways to find a lawyer
Ask the people you trust like friends, family or business associates if they know a lawyer with substantial real estate experience. REALTORS® can also give you the names of several lawyers. Before you agree to a lawyer, make sure they’re experienced in real estate, ask how they structure their fees, and get an estimate of the other legal costs you can expect.
How your lawyer will help with the sale
Your lawyer will review important documents that require your signature. The most critical of these is the “offer” submitted by the buyer. You want to know exactly what you are agreeing to before you sign any offer. You will be legally committed to anything you sign, so it’s essential to make sure you’re protected. A lawer will be:
♦ Reviewing and outlining the real estate transaction process
♦ Reviewing any listing or agency agreements
♦ Drafting and reviewing real estate condition reports
♦ Reviewing residential offers to purchase and counter offers
♦ Assisting buyers and sellers through the property inspection and financing contingencies
♦ Working with title insurance companies and reviewing title insurance commitments
♦ Checking the settlement statement figures with you prior to closing
♦ Advising you at closing
In addition to those services, a lawyer is always available to answer all of your questions that arise during the course of your sale or purchase.