Should FSBOs Hire a Lawyer? - diyhomesellers.com

[diyhomesellers.com]

DIYHomesellers.com, For Sale by Owner: Closing Attorney’s

As the leading for sale by owner real estate experts, DIYHomesellers.com gets many questions about closing attorneys. The main question is: “When we are ready to close our FSBO property do we need to hire a closing attorney?” That question is double-edged, but overall using a closing attorney to finalize the sale of your house is completely optional. When should you use a closing attorney?

1. If a lender/mortgage company requires you or a borrower to pay for certain attorney fees associate with preparing loan documents. If you are using a lender/mortgage company to prepare documents for you then it’s your responsibly to ask them what their policy is regarding attorney fees (if applicable).

2. When you are unsure of your rights as a buyer or seller.

3. When you are unsure of local/state real estate laws, OR

4. If you are not familiar with real estate documents that will be used in the transaction. Real estate purchase/sales contracts can be quite tricky from time to time (especially if the other party is using a Realtor or are experienced home sellers. Contract language and clauses can be written to favor only one party and leave the other party paying high and dry to pay extreme closing costs.

DIYHomesellers.com always recommends that you consult a real estate attorney if you have any doubts in purchasing or selling a home. Should you wish to find a closing attorney in your area please visit our DIYHomesellers.com FSBO Services area.

[Nat_Ferguson]

Interesting article "post". Why not just hire a Realtor and forego the headache of dealing with an Attorney?;)

[SMP]

Interesting article "post". Why not just hire a Realtor and forego the headache of dealing with an Attorney?;)

a real question. Looked more like a advert. for the search engines to pick up on.

[diyhomesellers.com]

In most states Realtors can't perform actual closings, either an Attorney or Title company must do it...correct? Where does the Realtor fit in there other than acting as the broker for these 2 companies..?

It was merely and informative article to help people make decisions on their own :)

[markbrian]

Now why would you think someone who uses his website name as his forum name would ever post a self promotional message?

[bg233]

That's the whole point of having a realtor! You don't have to worry about all the other stuff involved like hiring an attorney and filling out a binder-full or paperwork

(http://www.mandtreversemortgage.com)

[diyhomesellers.com]

I agree with the last posting, Realtors are very beneficial for this reason (and many others). But there are tons of people who are opposed to being represented by Realtors and that is my target audience...they deserve to be informed too as I'm sure you would agree.

Thanks to everyone for their responses.