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Real Estate Marketplace: Attorneys

Buying a home will probably be the largest and most significant purchase you will make in your life. In the typical home purchase, the seller enters into a brokerage contract with a real estate agent. When the broker finds a potential buyer, negotiations are conducted through the broker, who most often acts as an intermediary. Once an informal agreement is reached, buyer and seller enter into a formal written contract for the sale, the purchase agreement. The buyer then obtains a commitment for financing. Title is searched to satisfy the lender and the buyer. Finally, the property is transferred from the seller to the buyer, and the seller receives the purchase price bargained for in the contract. This seems simple, but without an attorney, possible legal consequences may be more expensive and lengthy than thought.

An attorney can help you avoid some common problems with a home purchase or sale.

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