PROVIDING PROFESSIONAL LEGAL COUNSEL FOR CLIENTS
INVOLVED IN THE SALE OR PURCHASE OF
Real Estate
Home Ownership can provide you with many benefits: Security, beautiful surroundings,
long-term investment and tax-advantages. However, it requires a major financial investment
and commitment; an infinite amount of paperwork; ability to negotiate; and skill in
handling the little details as well as avoiding the major pitfalls.
Protecting your rights during this all important process is imperative. Your attorney
will work with you to get the best price, with the least amount of conflict and
confrontation. Skillful negotiation skills are a necessary part of every home sale and
purchase.
USE OF REAL ESTATE AGENTS
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A real estate agent can be very helpful in assisting you to
locate the type of home you want, considering your financial ability, desired location,
style and other necessary features. |
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Real estate agents usually have access to Multi-lists which allow you to conduct a
more thorough search, viewing all homes listed rather than those only being represented by
a particular agency. |
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Real estate agents also can help you to complete the steps involved in the actual
sale, obtaining of documents and the application for a mortgage. |
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Real estate agents representing the seller of the property interests lies with
concluding the sale, at the highest possible price. The contract negotiated may not be as
favorable as one your attorney would prepare for you. |
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You should contact your attorney before accepting an offer or making an offer to
purchase real estate. |
PURCHASE
CONTRACT
Purchase agreements are called a variety of names including:
binders, deposit agreements, earnest money contracts, purchase agreements, and receipts.
You should not sign anything resembling a contract without your attorney assuring
you that it protects your rights.
Your attorney can prepare the document or review a form prepared for you by the agent.
DEPOSITS
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Most contracts call for a cash deposit to prove the purchaser's
commitment. |
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The contract should contain provisions about who will hold the
deposit and when and how it will be applied. |
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Realize that if you don't buy the home you may lose the deposit. |
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Your attorney can advise you about circumstances that affect your
right to the deposit. |
CONDITIONS
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Any conditions that you want to be met should be placed in the
purchase contract.
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Items that may be conditions include: obtaining
financing, selling your present home or obtaining a satisfactory report
from a home inspection. |
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Before you sign any contract, consult with your attorney
to make sure it contains adequate provisions allowing you to cancel the
purchase and get your deposit back if your conditions are not met. |
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If you are the seller, consult with your attorney to make
sure the sales contract has your best interests written into it. |
CLOSING THE
DEAL
This completion of the sale usually is held in the offices of a
title company, real estate agency or attorney.
Attendance by your attorney at this meeting is usually desirable to assure that all the
documents are signed and delivered, and costs paid to you/from you are complete, correct
and in compliance with state laws.
CONTACTING
THE ATTORNEY
To arrange an appointment for Real Estate consultation with
Attorney
Linda G. Anderson, please call (734) 425-0379, during normal business hours
Monday - Friday, 9:00 a.m. to 5:00 p.m. Evening appointments can
be arranged.
Call ... 734-425-0379 |