Seek legal representation
If your car needs repair, you take it to a mechanic. If your teeth need
attention, you visit your dentist. Likewise, when you are selling a home,
legal representation can protect your investment.
Look for a lawyer experienced in real estate transactions. He or she
can protect your interests and can ensure that the numerous details of your
real estate transaction are handled correctly. In short, a lawyer’s
role in acting for you, the seller, is to ensure you get what you bargain
for, at the agreed price, under the agreed terms.
When it comes to selling a home, a lawyer will complete the following
services:
- Act as escrow agent to hold a down payment, binder or money deposit.
- Evaluate offers from potential buyers. Ensure that the contract is
legal, valid and that you understand the conditions of the agreement.
- Host and handle the closing.
- Evaluate financial arrangements.
- Ensure that the adjustments are properly calculated and that the
purchase monies have been properly disbursed.
- Advise you on the tax and estate issues of the sale of the home.
The sale of your home is a precise and legal procedure that must be accurately
completed to protect your rights and profits. Knowing how to handle all
of these details means the difference of thousands of dollars in your
pocket.
