Easy Questions  
Free Legal Documents

Do I Need a Lawyer to Buy or Sell a Home in Albany, OR

Do I Need a Lawyer to Buy or Sell a Home in Albany, OR


Owning a home is a keystone of wealth — both financial affluence and emotional security.
 
- Suze Orman


For most people, buying or selling a home is the most expensive transaction that they will ever conduct. You can often handle the tasks involved in buying or selling real estate just with the help of other professionals traditionally involved in the process-a good real estate agent, the escrow company, and possibly a mortgage broker. Many states have standard contracts for the sale of real estate. Many real estate transactions are conducted with the help of a lawyer. However, please make sure that you actually read everything you sign. Ask questions if there's something you don't understand.

If the buyer or seller tries to back out of the deal or if something goes wrong after the deal has closed (e.g. undisclosed structural issues), you can always hire a lawyer after the fact.

Some factors to consider in whether or not to hire a lawyer: 1) the lawyer's fees are tiny compared with the purchase price; 2) your state requires an attorney for closing or some other aspect of the sale; 3) you don't entirely trust the other party and/or the real estate agents involves; 4) you are jointly buying or selling the house with a co-owner that is not a family member; 6) the property you are buying is in probate or foreclosure; 7) the property is in a development with homeowner association rules; or 8) there are other complicating factors such as the seller helping the buyer obtain a mortgage.

Real estate agents and representatives of the escrow company can't make judgments on legal questions. For example, if your prospective new home has an illegal in-law unit with an existing tenant whom you want to evict or if either party adds unusual language into the purchase contract or mortgage, you may want to have an attorney look the documents over.

Your agreement of purchase and sale is a legal contract that defines: 1) what you are selling; 2) the sale price, the deposit and who holds the deposit3) when the sale will close; 3) the conditions (e.g. financing, home inspection) to be satisfied before the contract becomes binding; and 4) any special arrangements between you and the purchaser.

The sale will include everything that forms part of the real property, including any equipment or other items that are affixed to the buildings, unless you make exceptions for them. Light fixtures, stained glass windows, built in bookcases etc. are all included. Any fixtures you wish to remove must be specified in the agreement.

The taxes will be adjusted on closing so that you pay a proportion based on the number of days of the calendar year you have owned the property and the purchaser pays the balance.

Only you can decide if hiring a lawyer is right for you. Check out 1-2-Law.com for listings of lawyers in your neighborhood.
 
Personalize & Print a Free OR Power of Attorney Download this Document
Page 1
Page 2
Page 3
Page 4
Page 5
Related Legal Services near Albany, OR
Beckham, David B
319 6th Ave SW
Albany, OR 97321
(866) 654-9965
Attorneys, Probate Law Attorneys, Wills, Trusts & Estate Planning Attorneys
Mc Ginty & Belcher PC
130 1st Ave W
Albany, OR 97321
(503) 371-9636
Attorneys, General Practice Attorneys, Legal Service Plans
Brown Melinda M
138 7th Ave SW
Albany, OR 97321
(541) 223-9502
Litigation & Tort Attorneys,  Attorneys,  Accident & Property Damage Attorneys,  General Practice At
Nelson & MacNeil PC
213 Water Ave NW Suite 100
Albany, OR 97321
(541) 223-9493
Civil Litigation & Trial Law Attorneys,  Attorneys,  Malpractice Law Attorneys,  Accident & Property
Smith Anita A
127 Broadalbin St SW # 6
Albany, OR 97321
(541) 704-9308
Attorneys
Olsen Eric W
734 Lyon St S
Albany, OR 97321
(541) 928-9242
General Practice Attorneys, Attorneys, Legal Service Plans
Legal Aid Svc
433 4th Ave SW
Albany, OR 97321
(541) 926-8678
Attorneys, Legal Clinics
Devilleneuve, David Shlesinger & De Villeneuve
1135 Dale St SE # B
Albany, OR 97322
(541) 928-8446
Social Security & Disability Law Attorneys,  Attorneys,  Personal Injury Law Attorneys,  General Pra
James A Marshall PC
240 1st Ave W # A
Albany, OR 97321
(541) 926-7976
Attorneys, Legal Service Plans
Shlesinger & deVilleneuve Attorneys PC
1135 Dale St SE Suite B
Albany, OR 97322
(541) 223-7846
Bankruptcy Law Attorneys, Employee Benefits & Worker Compensation Attorneys, Business Bankruptcy Law
Long Delapoer Healy McCann & Noonan PC
201 1st Ave W
Albany, OR 97321
(541) 497-7825
Social Security & Disability Law Attorneys, Attorneys, Criminal Law Attorneys, Family Law Attorneys,
Kent Hickam
250 Broadalbin St SW Suite 210
Albany, OR 97321
(541) 704-7574
Probate Law Attorneys,  Attorneys,  Family Law Attorneys,  Divorce Attorneys,  Accident & Property D
Cascade Bankruptcy
433 4th Ave SW
Albany, OR 97321
(541) 704-7568
Business Bankruptcy Law Attorneys,  Attorneys,  Bankruptcy Law Attorneys,  General Practice Attorney
D Mack Walls Attorney
430 Washington St SW
Albany, OR 97321
(541) 791-6924
Attorneys, Litigation & Tort Attorneys
Norman Gary E
433 4th Ave SW
Albany, OR 97321
(541) 928-6193
Attorneys, General Practice Attorneys, Legal Service Plans
Delsman David E
430 Washington St SW
Albany, OR 97321
(541) 926-6191
General Practice Attorneys, Attorneys
Carlson, Robert D - Kryger Alexander Egan Elmer
507 Washington St SW
Albany, OR 97321
(541) 928-6171
Attorneys,  Social Security & Disability Law Attorneys,  Accident & Property Damage Attorneys,  Corp
Daniels Edward L
220 6th Ave SW # 201
Albany, OR 97321
(541) 928-5875
Attorneys,  General Practice Attorneys,  Legal Service Plans,  Family Law Attorneys,  Divorce Attorn
Sager-Kottre Kristen
220 Sixth Avenue Sw, Suite 201
Albany, OR 97321
(541) 928-5875
Attorneys, General Practice Attorneys, Family Law Attorneys
Reid Roger H
135 5th Ave SW
Albany, OR 97321
(541) 926-5804
General Practice Attorneys, Attorneys
Mc Cann Jr Robert C
201 1st Ave W
Albany, OR 97321
(541) 926-5504
Attorneys, General Practice Attorneys, Legal Service Plans
Delapoer James V B
201 1st Ave W
Albany, OR 97321
(541) 926-5504
Attorneys
Jarvis Matthew L Attys
201 1st Ave W
Albany, OR 97321
(541) 926-5504
Attorneys, General Practice Attorneys
Healy F James
201 1st Ave W
Albany, OR 97321
(541) 926-5504
Attorneys, General Practice Attorneys, Legal Service Plans
12Law.com   |  NASHVILLE, TN USA   |  CONTACT US