When To Seek Professional Real Estate Law Advice | United ...

For those who are interested either in buying or selling a new home, it?s easy than ever before to obtain information on your own. Most property listings are now online, meaning that you don?t have to scour through the Sunday paper every week trying to read the small print and find out which open houses are worth going to. Instead, you can click and browse through full photo galleries, as well as search databases that list everything that you might need to know about a home, right at your fingertips. In some cases, however, this will not give you the full picture of information that you need, and you will still need to use the help of a professional. Many homes will not be available for showings except through the real estate agent working on the seller?s behalf, for example. In those cases, you will need to speak to that agent and work out a time for the showing. When dealing with an agent who is not representing your own interests, but the interests of someone else, it might be more helpful to you to have your own agent on the premises as well. This is just one instance where it can be helpful to hire your own professional backup team before buying a home. Another type of professional service you might need when you are trying to buy a new home is a legal team. If you are looking at homes that have been foreclosed, for example, there will be additional paperwork that you might need to take care of. There could also be extra legal issues to think about, if there are any outstanding judgments or liens that have been placed against the home. If you decide to go it alone, you may be in for a surprise when you are hit with extra legal fees down the road. In the interest of saving yourself money on a new home, then, it can be quite beneficial to seek the help of an agent or lawyer. It?s tempting to cut costs by doing everything yourself, but unless you have specific experience with negotiating contracts, you may end up losing money when you are up against the other party?s own legal team. This is also important when you are speaking to your lender, because you will want to be sure that you understand the mortgage contract you are entering into thoroughly, lest you risk foreclosure yourself.

Written by Keith

Source: http://unitedresourcessolutions.org/attorney/?p=550

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