How A Lawyer Can Help When You Are Selling Your Home

Selling your home can be a stressful experience. Not only do you have to deal with getting the house ready to be shown to strangers and packing up your belongings, but there are also the various stressors involved in the sales process itself. Working with an experienced realtor can be an enormous help, and can make the entire process much smoother, but when it comes time for contracts and the actual sales transaction, there are many good reasons for consulting with an experienced real estate attorney. The attorneys at Wallace Law know that though the process may seem simple and straightforward, there are a lot of ways that a lawyer can help when you are selling your home. Contact our office for more information.

Though you may be focused on finding a seller, getting your asking price and moving into your new house, it is important to remember that buying and selling a home is a legal transaction that requires close attention to the details. It starts with signing a contract with a real estate agent, and then when a buyer is found it quickly moves to the stage where you need a contract of sale. Each of these processes can be stress-free, but they can also go wrong in a variety of ways, and there are a number of steps in between that can introduce challenges as well. Having a real estate attorney review your contracts and help you navigate the complexities can help keep you from problems in the future.

There are a number of problems that can come up in the course of selling your home. The standard forms that you sign with your realtor may not necessarily work for your specific situation, and you may need to introduce amended terms into the contract. An attorney can protect you from clauses that work against you, such has having to pay a commission if the sale does not happen. Some realtor contracts may require you to pay commissions to both the buyer’s realtor and the seller’s, and a lawyer can help you negotiate those terms, as well as others that might work against you. Similarly, when it comes to the contract for the sale of your house, the boilerplate terminology that your realtor uses may not address some of your particular needs.

In addition to serving as your representative and advocate with regards to the sales contracts and transaction, a real estate attorney will also be invaluable when it comes to providing you with information regarding the impact that selling your home will have on your taxes, and of what information and documentation you may need when tax season comes. They can provide assistance with your mortgage application, conduct a title search, and represent you at the closing to make sure that your interests are being legally represented. If you are getting ready to buy or sell a home, contact the attorneys at Wallace Law to learn more about the many benefits we can provide to you during the process.