~ Selling A Home: The Role Of The Real Estate Attorney ~

1. Select an experienced and knowledgeable real estate attorney.

Selecting your legal counsel early on ensures that your interests are protected. Many sellers, when ready to put their home on the market, contact a real estate broker first. However, it is always a good idea to have the listing agreement reviewed by a qualified attorney before you sign it. Once signed, it is a legally binding agreement between you and your real estate agent. Your attorney can explain the terms and legal consequences of the sale and ensure that your investment is protected.

2. Decide whether to sell your home with or without the help of a real estate agent.

An experienced and trustworthy real estate agent can advise you on market conditions, the pricing of your home and repairs, and improvements that attract buyers. It is imperative that you understand what the agent’s role is. Should you decide to sell without a real estate agent, contact your attorney immediately to ensure that your interests are being looked after.

3. Discuss the services the attorney will provide and the fee she will charge.

Talk to your attorney and discuss what services will be provided as part of representing you in the purchase of a home and the attorney’s fee for those services. Having competent legal counsel during the transaction will ensure that your investment and your interests are protected.

4. Have your attorney review the listing agreement before you sign it.

A listing agreement is a document which outlines your rights and obligations as well as fees you are required to pay. Contacting your attorney is imperative before you sign this important agreement. Your attorney will be able to review it and make suggestions to ensure that your interests are protected.

5. Contact your attorney once you receive an offer.

Once you receive an offer, contact your attorney to have her review it. Generally, there is a five-day period for attorney approval. During that time, your attorney can evaluate the terms of the offer with your best interest in mind.

6. The closing and the closing costs.

At the closing, the ownership is officially transferred from Seller to Purchaser. Your attorney is the best source to help you understand the intricacies of this process. She will review the documents and explain the financial implications for you, the Seller.

Selling your home is a big decision. That is why it is imperative to work with an objective professional who will make sense of the complex transaction that home selling often is. Understanding the issues involved in a home selling process is key to ensuring a successful transaction and it all starts with hiring a real estate attorney!