A lawyer is a person who can give legal advice, draft contracts, help with lawsuits, anything related to the law. Many people don’t consult with a lawyer when they should. Take advantages of the services of a lawyer, depending on your situation. When buying property, writing a will or trying to untangle your taxes, a lawyer can be a great help.
Seller Disclosure Includes Pipes That May Cause Water Damage
What can you do if you buy a home and later discover something was omitted from seller disclosure? If the seller or the home inspector fail to mention that your home has polybutylene plastic water supply lines and crimped fittings you may be able to collect money as part of a class action lawsuit. The polybutylene pipes should have come to light during the home inspection or as part of seller disclosure.
Selling And Buying Without A Real Estate Agent
By-owner sellers and agent-less buyers face a few more difficulties when buying and selling residential property in states where real estate attorneys are not normally used to close transactions. A residential real estate attorney can help make sure buyers and sellers are protected in deals without agents. Without an agent, you'll want to ensure that you're buying and selling the homes for a fair price.
Selling By Owner Requires A Good Attorney
Selling your home "by owner" requires a good real estate attorney. Having a real estate attorney on your side will help with determining commissions for the buyer's agent. It's especially important that you work with an attorney when you sell by owner, since sellers are probably unfamiliar with the process of selling and the required disclosures state law requires you to make to the buyer.
What States Use Real Estate Attorneys?
There are a handful of states in which real estate attorneys are rarely, if ever, used when buying or selling a home. Brokers and closing agents don't represent buyers and sellers individually and can't do everything a real estate attorney can. A real estate attorney will shepherd your deal from start to finish, including negotiating the language of the contract.
Know-It-All Home Buyers Are Walking Into Trouble
With all of the potential problems home buyers and sellers can encounter in the purchase or sale of their single largest asset, having a knowledgeable agent or broker, mortgage lender, real estate attorney and home inspector on your side can only help make this maze-like transaction a little easier.
The Lemon Law Bible: Everything the Smart Consumer Needs to Know About Automobile Law
Steve Lehto is an attorney in Michigan whose practice focuses solely on Lemon Law and Consumer Protection claims. He is the past chair of the Consumer...