In addition to hiring a real estate attorney when you are selling or buying real estate, a real estate agent can add value to your transaction and perform tasks the attorney does not handle. The agent can:
1) Provide information about the local real estate market
2) Help set the price of your home
3) Identify needed repairs and improvements to improve the value of your home
4) Stage your home to make it look its best
5) Market the property so it can be found by buyer
6) Evaluate offers
Look for an exclusive real estate agent who will be focused on your interests and can help you with strategies during the bidding process. Agents paid on commission always have a conflict of interest. Even an agent who represents only you has a financial interest in seeing the deal go through. Experienced, reputable agents do not let this interfere with their guidance. However, less conscientious agents can compromise your interests.
A Real Estate Attorney Can Advise about the Transaction and Future Issues
A skilled real estate attorney will review your real estate sale or purchase transaction before it is complete to help protect you from costly mistakes, ensure that contract details are correct and explain legal consequences to avoid problems before they become big issues. An attorney can guide you from the beginning of your real estate sale or purchase through closing by preparing, reviewing and negotiating real estate contracts and related transaction documents as well as providing guidance about methods to limit exposure to liability, evaluation of title issues, appraisals, disclosures, inspection reports, property conditions and loan documents.
Buying or selling real estate can be a complicated process. People often think that their real estate agent is as experienced as an attorney regarding the legalities and details of real estate transactions. While real estate agents and brokers are aware of the paperwork involved in a transaction, they do not know the intricacies of the law. Only an experienced real estate attorney can help you understand your rights and avoid costly litigation. Real estate buyers and sellers can save money by obtaining the guidance of a well-qualified attorney before there is a problem.
It is crucial that the seller and the buyer should each have their own attorney to represent their interests in the deal. An attorney cannot represent both a buyer and a seller without a significant conflict of interest.
For more information to help with your real estate sale or purchase, call us at (925) 463-9000 or send an email.
Lisa Wills of the Law Offices of Lisa D. Wills is an experienced real estate attorney in Pleasanton, CA helping educate real estate buyers and sellers so they can minimize transaction complications and successfully close real estate deals. If you are looking for assistance with your real estate deal, contact Lisa Wills by email or (925) 463-9000.