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 Molt, MT

Do I Need a Lawyer to Buy or Sell a Home in Molt, MT


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 MT 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 MT 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 Molt, MT
Berger William E
224 W Main St # 409
Lewistown, MT 59457
(406) 538-9272
Attorneys
Spoja William A
224 W Broadway St
Lewistown, MT 59457
(406) 538-8767
Attorneys, Legal Service Plans
Fergus County Attorney
801 W Broadway St
Lewistown, MT 59457
(406) 535-8127
Attorneys, County & Parish Government
Stone Jack R
505 W Main St # 407
Lewistown, MT 59457
(406) 535-7131
Attorneys, General Practice Attorneys
Cornerstone Real Estate
212 W Main St
Lewistown, MT 59457
(406) 535-5004
Attorneys, Real Estate Attorneys
State of Montana
505 W Main St Ste 318
Lewistown, MT 59457
(406) 535-3703
Attorneys
City of Lewistown
712 W Main St
Lewistown, MT 59457
(406) 535-3703
Attorneys, Legal Service Plans
Day Douglas F
505 W Main St # 418
Lewistown, MT 59457
(406) 535-3703
Attorneys
Hubble James
224 W Main St
Lewistown, MT 59457
(406) 538-3181
Attorneys, General Practice Attorneys, Legal Service Plans
Westveer Mark Atty
224 W Main St
Lewistown, MT 59457
(406) 538-3181
Attorneys
Ridgeway Mike Attorney
224 W Main St
Lewistown, MT 59457
(406) 538-3181
Attorneys
Stogsdill James L
505 W Main St # 313
Lewistown, MT 59457
(406) 538-2623
Attorneys
Birdwell Kris A
505 W Main St # 313
Lewistown, MT 59457
(406) 538-2623
Attorneys
Buehler Craig R
505 W Main St # 210
Lewistown, MT 59457
(406) 538-2466
Attorneys, General Practice Attorneys
Oaas Torger S
618 W Main St # 201
Lewistown, MT 59457
(406) 538-2338
Attorneys, Legal Service Plans
Oldenburg Jon A
505 W Main St # 412
Lewistown, MT 59457
(406) 538-2242
Attorneys, Legal Service Plans
12Law.com   |  NASHVILLE, TN USA   |  CONTACT US