Selling a Home

Importance of Having a Lawyer When Selling a Home

If you are considering selling your home, an initial step is consulting with an attorney that is active in your local real estate market. It is important that your investment is properly protected and that the sales process in conducted in accordance with the law. There are complexities such as disclosure liabilities and tax consequences involved that may best be aided with legal assistance.

A Real Estate Attorney's Role at Closing

Your Realtor or attorney will ultimately coordinate a time and location for the finalization of the transaction, known as closing. The timing for this is dependent on the progress and completion of the many requirements contained in the contract. Your attorney may be involved with some of the following activities leading up to closing:

    • Negotiating any inspections repair requests made by the Purchaser
    • Obtaining statements regarding current loans
    • Helping you to select a title company and confirming those processes
    • Making sure any inspection reports are properly completed such as for radon or termites
    • Verifying completion of necessary disclosures
    • Determining responsibility for property taxes
    • That you and buyers are clear on the inspection issues and possession date
    • Explaining to you and drafting for you the many closing documents needed
    • Confirming that any issue related to the title are clear and marketable for your purchaser pursuant to the terms of the Contract
    • Most importantly, making sure that the final figures to close are accurate so that you receive the full amount of compensation you are entitled to for the sale of your property