I've seen a couple of sample offers with contingencies. Do I need an attorney to put my first offer ?
2007-05-20 12:58:44 · 8 answers · asked by Bike Lover 1 in Business & Finance ➔ Renting & Real Estate
You should be fine without one for the first offer. More than likely there will be a counteroffer and so then you will either accept that or counter their counter. Once a counter offer is received the first offer will be null. I would consult with a lawyer early on though if you are serious about a purchase. That way they will be there if you have any legal questions.
2007-05-20 13:07:11 · answer #1 · answered by jessimshepp 3 · 0⤊ 0⤋
It doesn't hurt you to have a Real Estate Broker represent you since he gets paid by the seller off the listing commission. I STRONGLY suggest you talk ro a RE broker/agent since there may be some contingencies that you might want to put on the deal. For instance, are you going to do a home inspection and if so, do you have a contingency that says that if the seller won't correct issues you can get out of the contract?
2007-05-20 20:12:58 · answer #2 · answered by yazboodle 1 · 0⤊ 0⤋
It is in your best interest to have an attorney. You should also have a home inspection as well.
Depending on what state you're in, most standard contracts include an attorney review clause. I've been in the business for over 20 years and I could tell you horror stories. Be safe, get an attorney!
2007-05-20 21:12:50 · answer #3 · answered by Mortgagemom 3 · 0⤊ 0⤋
i'd advise you to seek out a lawyer if you are buying a home for sale by owner, or using the realtor listing the house to do the paperwork if it is listed that way.
this is for your safety and it is well worth it. so many things can go wrong and you will not have any way to get your money back if it does. what is you get in the house and the bank says the title wasnt free.... they can take it because you didnt unknowingly accepted the debt when you purchased the house..... a realtor will run a title check so this doesnt happen
what if the house has an enviromental hazard not being disclosed like sewage issues, mold, or other hazard .... you cant fight it if you didnt require them to legally disclose it.
2007-05-20 20:23:57 · answer #4 · answered by Anonymous · 0⤊ 0⤋
No, for that you need either yourself or a real estate agent. Depending on your location, you MAY need an attorney to review further paperwork, but you should be able to tender an offer either on your own or with the assistance of a real estate agent.
2007-05-20 20:06:20 · answer #5 · answered by acermill 7 · 0⤊ 0⤋
I think you should go for it. I will suggest you to take help from usalegalcare.com. They have got good real estate law attorneys. I am sure they can solve your problem
www.usalegalcare.com
All the best
2007-05-23 00:36:09 · answer #6 · answered by james 3 · 0⤊ 0⤋
I bought my first house by visiting the owner and giving him a $10.00 down payment. He gave me a receipt and that was the only paper work I had until the closing. That was the best $10.00 I ever spent.
Good luck!!
2007-05-20 20:04:32 · answer #7 · answered by billy b 2 · 0⤊ 0⤋
Get the best lawyers from the following
www.911-legalhelp.com
goodluck
2007-05-22 05:52:23 · answer #8 · answered by niomi 2 · 0⤊ 0⤋