12Law Arrow 12Law Arrow  Easy Questions  
12Law Arrow 12Law Arrow Instant Legal Documents
 
 
FINANCIAL & MARITAL

Cohabitation Agreement coming soon!
Separation Agreement coming soon!
No-Fault Divorce coming soon!
Bankruptcy coming soon!
 
 

Do I Need a Lawyer to Buy or Sell a Home in Zip Code 36109

Do I Need a Lawyer to Buy or Sell a Home in Zip Code 36109


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 usually handle the tasks involved in buying or selling real estate with the help of one or more real-estate professionals: 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 12Law.com for listings of lawyers in your neighborhood.
 
Personalize & Print a Free AL Last Will Create This Document
Page 1
Page 2
Page 3
Page 4
Page 5
Page 6
Page 7
Page 8
Page 9
Page 10
 
Personalize & Print a Free AL Living Will Create This Document
Page 1
Page 2
Page 3
Page 4
Page 5
Page 6
Page 7
Page 8
Related Legal Services near Zip Code 36109
Private Investigation Jane
4319 Atlanta Hwy
Montgomery, AL 36109
(334) 430-9975
Divorce Attorneys, Private Investigators & Detectives
Chandler William R
2000 Interstate Park Dr # 308
Montgomery, AL 36109
(334) 215-9500
Attorneys, Legal Service Plans
Turner Robert
625 Chatsworth Dr
Montgomery, AL 36109
(334) 272-9089
Attorneys
Dees Morris S Jr ATTY
400 Washington Av
Montgomery, AL 36109
(334) 956-8200
Attorneys, Legal Service Plans
Broughton Richard E
2000 Interstate Park Dr # 204
Montgomery, AL 36109
(334) 387-7680
Attorneys
Gunter Jr Guy N
2000 Interstate Park Dr # 204
Montgomery, AL 36109
(334) 387-7680
Attorneys, Legal Service Plans
Knowles T Cowin
2000 Interstate Park Dr # 204
Montgomery, AL 36109
(334) 387-7680
Attorneys, Legal Service Plans
The Danford Law Firm
2267 Cong W L Dickinson Dr
Montgomery, AL 36109
(334) 395-5973
General Practice Attorneys, Attorneys, Legal Service Plans
Reid George A
481 Planters Rd
Montgomery, AL 36109
(334) 271-5094
General Practice Attorneys
Jones Jr Donald R
2000 Interstate Park Dr # 104
Montgomery, AL 36109
(334) 277-3939
Attorneys, Legal Service Plans
Kotouc Thomas O
935 Whitehall Pkwy
Montgomery, AL 36109
(334) 277-3502
Attorneys
Davis Jr James E
2000 Interstate Park Dr # 300
Montgomery, AL 36109
(334) 532-3400
Attorneys, Real Estate Buyer Brokers, Legal Service Plans
Sasser Sefton Tipton & Davis
2000 Interstate Park Dr # 300
Montgomery, AL 36109
(334) 532-3400
Attorneys,  Wills, Trusts & Estate Planning Attorneys,  Legal Service Plans,  Banking & Mortgage La
Mitchell Wendell W
5345 Atlanta Hwy
Montgomery, AL 36109
(334) 244-1877
Attorneys, Legal Service Plans
Hamm & Wilkins, P.C.
560 S. McDonough St., Suite A
Montgomery, AL 36109
(334) 269-0269
Bankruptcy Law Attorneys, Criminal Law Attorneys, Tax Attorneys
12Law.com   |  NASHVILLE, TN USA   |  CONTACT US