One of the largest financial transactions that you'll ever make is selling or buying a home. In these types of sales, it is very common for the buyer to work with a lawyer to make sure that everything checks out with the paperwork, titles, and other legal documents. As the seller, you may not think that you need a lawyer for the transaction, since the buyer's lawyer is verifying that all documents are correct. However, this is not true, since you could have different legal concerns that you need assistance with.
Help With Your Real Estate Agent Contract
If you're using the help of an agent to sell your home instead of doing it yourself, you will need to come to an agreement with the agent about several things. This involves signing a contract that states the commission the agent is expected to receive once the home is sold and the length of time that the agent has the exclusive rights for selling your home. The contract also lays out what a real estate agent will do for you in terms of trying to sell the home.
It's always a good idea to have a lawyer go over any contract like this, to verify that there is nothing hidden in it that would end up not working in your favor. You also want ways to get out of the contract if your agent isn't working as hard as they should to sell the home or if they are not obligated to do certain things that they should do.
Help With Finding Problems That Could Affect The Home's Sale
Many problems can come up when selling a home that could delay the entire process. This includes a home having a lien on itthat you're not aware of, or the land survey being different than what you thought it was. If you wait to discover these things until the buyer starts doing their search, it could cause the sale of the home to be delayed or cause the buyer to back out. You are better off finding and correcting these problems early on, which will help ensure that the sale goes smoothly.
The purpose of having a lawyer on your side is to give you protection from legal and financial matters regarding the sale of your home. It will give you the peace of mind that you need during this very large financial transaction. To learn more, contact a law firm like Garcia, Kinsey, Scott & Villarreal, P.L.C.