Selling a home, lawyer necessary?

Question

Is is necessary to have a lawyer work with you when you are selling a house and why?

Answer 1

A title/closing company can take care of most closing issues depending on the law of your state. ASk your realtor

Answer 2

No, but like some of the other posters suggested, it is a good idea. At the very least, use a sales contract promulgated by your state--one can be found on the Internet usually. Google your state's Real Estate Commission.

Then have a Title Company prepare the closing documents. The buyer's mortgage company will probably require that anyway. The buyer is usually responsible for all the closing costs (except your taxes and a portion of the title policy) so why wouldn't you use a title company to ensure your interests and responsibilities are taken care of?

Rick
http://www.fairwaymortgagelending.com

Answer 3

Not really. As long as you know how to to do ALL the necessary steps, a lawyer is not necessary. Most people use a lawyer as they don't know what to do and are frightened that they'll stuff it up somehow, with some justification.
Unless you know what you're doing or have someone who does to guide you, use a lawyer.

Answer 4

I dont think its necessary as long as you know the whole process. you might look for info about the process and things you need to do from the websites then if you see that its not too hard to do it yourself then you dont need to. but you gotta be careful about you signing the papers and also have the buyer signs whatever needed. In case you think to have a lawyer to help on this is better then check thier prices and consider if its worth or not...
good luck and be prudent!

Answer 5

No, you won't be able to rigidity him to promote it - yet you could promote your mom's 1/2 to some different person. likely, in case you provide him caution, he might want to make your ideas up between: a million: possessing 1/2 a house with a stranger as a much better 1/2 2: Paying your mom truthful marketplace value for 1/2 the living house and possessing the finished element 3: promoting the living house with you (and your mom) and splitting the proceeds yet no, except there is a few type of clause on the deed or some settlement between your mom and your brother, you won't be able to rigidity him to promote. yet you should use YOUR means to objective to get him to bypass. i should be conscious, notwithstanding, that if this is going to court docket, the decide will favor to attraction to close truthful marketplace value on the time of ejudication, no longer even as the living house change into offered or what you adult adult males in many situations imagine it truly is nicely worth. With a depressed marketplace, i do not both of you is going to do ok promoting it. the actual undeniable actuality that the money should be going to a good clause in all likelihood gained't get you something - legally, promoting it to pay on your mom's care is equivalent to promoting to pay on your holiday to Hawaii.

Answer 6

First off, I am not a lawyer, but for heaven's ska, don't do it without one. I am begging you, it is only a lawyer who can go through all the details and see that you are protected.

Answer 7

I would suggest that when you and your buyer reach an agreement on selling price, go and have an attorney draw up the contract. You will have to have one to handle the closing anyways and it will not cost you anymore $$ to have him/her draw up the sales contract. That way you know all the legal "t's" are crossed and the legal "i's" are dotted.

Answer 8

I guess it depends on the law where you happen to live but in my experience, even if you don't legal need one, they are worth the money. Buying property is a minefield if you don't know what you are doing.

Answer 9

No but have a guardian who is good and help you in this matter.

Answer 10

no