Selling your house is a life-changing decision that requires deep thought and advice from experts. Some of the experts you should consult when selling your house include a real estate agent, an attorney, and an appraiser. But is it necessary to hire a lawyer to help sell your house? This article will address this question and other related concerns.
Why Is A Real Estate Lawyer Necessary?
A real estate attorney specializes in working only with real estate dealings. They must be familiar with the entire process of selling and buying a house and can represent the buyer, seller, or lender. The rules defining the participation of a real estate attorney vary from state to state.
In some states, an attorney must be present at closing to represent the buyer’s lender. As the seller, you will need to hire your own lawyer if you wish to have someone to represent your interests exclusively.
But this doesn’t mean that you must have an attorney to sell your house. If it is not a legal requirement in your state, you can simply sell the house by yourself. This can save you some money because it eliminates certain expenses such as the attorney fees when closing the sale. Also, if you are just selling a family home that doesn’t have any property issues, a trusted real estate agent can handle the transaction on your behalf.
Another option is to sell your house to a reliable real estate company like Trusted House Buyers in San Diego. This company buys distressed houses for cash, providing homeowners who want to dispose of their homes with a fast, honest, and stress-free option to sell their properties. No costly attorneys needed.
So, if your house in San Diego has become a nuisance or a burden to you, you may be wondering: how much can I make selling my house? If that’s the case, you should talk to Trusted House Buyers for assistance.
The company allows you to save money by covering all the involved costs. For example, they don’t charge agent commissions, which allows you to save that expense of selling real estate and ultimately make more money from the sale of your house. Also, they do not require you to repair the house if you sell it to them; they will do it themselves if it’s necessary. Furthermore, the company pays all cash and doesn’t use traditional financing, which enables them to close deals very quickly.
When You Need A Lawyer To Sell Your House
Apart from state laws, there are other reasons why you might need a lawyer to sell your house. For example, you need to have a clear and comprehensive purchase contract. While some real estate agents can help you prepare this contract, sometimes you will need a qualified real estate attorney to review the terms of your purchase contract to avoid problems after the sale.
You might also need a lawyer to represent you at closing since the process involves the review of dozens of legal documents. You will need someone who understands legal jargon to review the documents for you.
For example, if you are selling a house that is involved in a divorce settlement or was previously owned by a family member, and you are the executor of the estate, a lawyer may be necessary. You might also want to check with an attorney if you are facing major financial problems and are trying to dispose of a property that has liens on it. If the house has serious structural damages, it is in your best interest to have an attorney present.
In short, the decision to hire a lawyer when selling your house depends on your personal preference, the law, and the condition of your house. All these issues and problems vanish, however, if you are working with Trusted House Buyers.