Selling your home can be a challenging task. It becomes even more daunting when complicated matters such as death in the family, divorce, foreclosure or relocations are involved. This just adds more pressure to an already stressful situation. The question that often arises is, “Should I hire an attorney when selling my home?”
There are only a few states that require having real estate attorneys involved in home sales. However, there are benefits to having an attorney as party of the sale. Are you better off selling your home with or without an attorney? The best way to determine the answer is by learning what attorneys do during the sale of a property. An attorney is usually involved for one or more of the below situations.
- If complications arise – in some cases, the seller may run into complications or unforeseen problems during the transaction such as easement needs, legal claims against the home or title problems.
- Liability protection – having an attorney would ensure that the contents of the sales protect you against any liabilities. This is especially important if the buyer has any issues with the house after the transaction is completed.
- Preparing sales contracts – while having a realtor would eliminate the need for an attorney to prepare the sales contract, you would not have this when selling your home FSBO (For Sale by Owner), and you would need one
- Selling joint property – if you’re getting divorced or the home is a “shared asset”, you should hire a real estate attorney to do your bidding, especially if the co-owner is being uncooperative about the sale. This is also true when the home belongs to someone who has passed away.
So, do you need to hire an attorney if you’re selling your home privately? Maybe. One option would be to sell to a home buying company such as Homeinc. Homeinc’s team is comprised of licensed real estate agents. All the agents on staff have experience in difficult situations such as probates, tax deeds, foreclosure, relocation, etc. In addition, Homeinc works with real estate attorneys and a licensed title company to ensure that everything is done correctly.
If you’re looking to sell your home quickly without the hassle of hiring an attorney or working with a realtor, sell your home to Homeinc for cash and avoid all the legal hassle and stress. Call or text us today at (888) 850-2636.