Selling
Deciding to sell your home can be an emotional time. Whether you are selling for financial reasons or job reasons, there is a lot going on in your mind. Once you decide to put your home on the market, either yourself or through a realtor, you should consult with a knowledgeable real estate attorney. It is important to have someone working with you so you can be ready to act when an offer comes in.Once an offer comes in that you accept a legally binding contract is formed. As the seller, you are responsible for providing the Purchase and Sale Agreement. This document is extremely complex and even people who decide to sell their house on their own understand the importance of an attorney in the process.
The Purchase and Sale Agreement should contain all of the terms of the sale including the price, closing date, and complete description of the property. There should also be contingencies to protect the buyer with respect to financing, inspections, and sale of a current home.
To avoid complications down the road, it is advisable for the buyer and the seller to have a real estate attorney review the Purchase and Sale Agreement prior to signing. This way all of the parties are aware of the legal ramifications of the contract.