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 04686

Do I Need a Lawyer to Buy or Sell a Home in Zip Code 04686


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 ME 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 ME 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 04686
Davis Jennifer A
374 River Rd
Topsham, ME 04086
(207) 725-8788
Attorneys, General Practice Attorneys
McTeague Higbee Case Cohen Whitney & Toker PA
4 Union Park Rd
Topsham, ME 04086
(877) 930-8567
Employee Benefits & Worker Compensation Attorneys,  Attorneys,  Social Security & Disability Law Att
Mc Teague Higbee Case Cohen
4 Union Park Rd
Topsham, ME 04086
(877) 930-8567
Attorneys, Family Law Attorneys, Labor & Employment Law Attorneys, Divorce Attorneys, Social Securit
Gillespie William B
2 Main St
Topsham, ME 04086
(207) 837-6196
Attorneys, Legal Service Plans
Asquith Carolyn
2 Main St
Topsham, ME 04086
(207) 837-6161
Attorneys, General Practice Attorneys, Legal Service Plans
Languet Law
2 Main St
Topsham, ME 04086
(207) 837-6155
Attorneys, Legal Service Plans
Young Jeffrey N
4 Union Park Rd
Topsham, ME 04086
(207) 725-5581
Attorneys
Whitney Wayne W
4 Union Park Rd
Topsham, ME 04086
(207) 725-5581
Attorneys
Toker Janmarie
4 Union Park Rd
Topsham, ME 04086
(207) 725-5581
Attorneys
Kelly Patrick
4 Union Park Rd
Topsham, ME 04086
(207) 725-5581
Attorneys
Johnson Suzanne L
4 Union Park Rd
Topsham, ME 04086
(207) 725-5581
Attorneys
Noonan Kevin M
4 Union Park Rd
Topsham, ME 04086
(207) 725-5581
Attorneys
Cohen Jeffrey L
4 Union Park Rd
Topsham, ME 04086
(207) 725-5581
Attorneys
Case James W
4 Union Park Rd
Topsham, ME 04086
(207) 725-5581
Attorneys
Bilodeau Karen M
4 Union Park Rd
Topsham, ME 04086
(207) 725-5581
Attorneys
Higbee G William Atty
4 Union St
Topsham, ME 04086
(207) 725-5581
Attorneys
Grant Benjamin K
4 Union Park Rd
Topsham, ME 04086
(207) 725-5581
Attorneys
Gerald B. Schofield, Jr.
PO Box 214
Topsham, ME 04086
(207) 837-4676
Criminal Law Attorneys, DUI & DWI Attorneys, Traffic Law Attorneys
Quirion Jane
60 Main St
Topsham, ME 04086
(207) 725-2477
Attorneys, Legal Service Plans
Shankman & Associates
2 Melcher Pl
Topsham, ME 04086
(207) 729-1181
General Practice Attorneys,  Attorneys,  Divorce Attorneys,  Malpractice Law Attorneys,  Personal In
Mcteague Higbee Case Cohen Whitney & Toker PA
4 Union St
Topsham, ME 04086
(800) 482-0958
Attorneys, Legal Service Plans
Richardson John G
9 Bowdoin Mill Is
Topsham, ME 04086
(207) 729-0856
Attorneys
Regan Richard R
9 Bowdoin Mill Is
Topsham, ME 04086
(207) 729-0856
Attorneys, Legal Service Plans
Hornbeck Richard L
9 Bowdoin Mill Is
Topsham, ME 04086
(207) 729-0856
Attorneys
12Law.com   |  NASHVILLE, TN USA   |  CONTACT US