Residential Real Estate Buyer-Seller Representation
The buying and selling of property, whether a primary residence, vacation home or investment property, is one of the largest financial commitments most individuals will ever make. It can be one of the most stressful projects a buyer or seller can undertake.
The Real Estate Transaction in Brief
Once an owner decides to sell a property, he or she generally lists the property with a real estate broker. After the property is listed, a “buyer” will make a formal offer that is secured by a deposit. If the property owner accepts the offer, the buyer’s realtor usually prepares a contract that sets forth the rights and obligations of both parties with regard to the sale of the property. That contract is reviewed by the respective attorneys for the buyer and seller. Once any changes to the contract are successfully negotiated and the contract is signed by the parties, the contract becomes binding.
Why Hire a Real Estate Attorney?
Hiring an attorney guarantees that you will receive an expert, unbiased explanation and evaluation of the contract. Your real estate attorney will work to negotiate fair and reasonable terms. Your attorney will also help you avoid pitfalls of which you may be unaware. You may think the contract is clear and easy to understand, but it may contain provisions that are unenforceable or that create more liability than you realize. Litigating your rights after the fact can take years and cost thousands in legal fees.
The purchase of foreclosed property provides a set of unique and challenging issues. At Keyes Law Offices, P.C., our attorneys will perform a review of the property’s history, verify there are no encumbrances or impediments to clear title, remedy the encumbrances or impediments if they do exist and give a clear title opinion. In this way, we are able to proceed quickly to a closing.
For Sale by Owner — FSBO
Some people choose to sell their properties on their own without the help of a real estate agency. While this approach can save you thousands of dollars in commission, it can also expose you to liabilities and headaches of which you were unaware. If you decide to sell a property on your own, you should consult an attorney before you consider accepting an offer.
The attorneys at Keyes Law Offices, P.C. have extensive experience in the closing of real estate transactions. Joseph Keyes whose practice in residential real estate spans 25 years leads our residential real estate team. Our team of attorneys has experience in every phase of real estate, including the simple to the most complex transactions.
Whether you are buying or selling, we offer reasonable rates by using a combination of attorneys and experienced paralegals.