Buying a home will probably be the largest and most significant purchase a person makes in their lifetime. Selling a home may be one of the most lucrative sales of a person’s lifetime.
If a seller feels confident that they can find a buyer and negotiate a reasonable price, hiring a real estate attorney instead of a real estate agent may be ideal. On the other hand, if a buyer is confident they can use the internet to find a home suitable to their needs and negotiate a reasonable price, hiring a real estate attorney instead of a real estate agent may be ideal.
Most people assume you have to use a real estate agent to buy or sell a home. In Washington, however, you are not required to hire a real estate agent, and, in fact, hiring a real estate attorney instead of a real estate agent might be more ideal for your particular situation.
In this series, we will discuss the basics of the home buying process and why using a real estate attorney to buy or sell real property might be right for you.
The two main differences between a real estate agent and a real estate attorney are:
The Cost; and
When using a real estate agent versus a real estate attorney, it is generally more cost effective to use a real estate attorney to purchase or sell a house than it is to use a real estate agent because real estate attorneys work on either an hourly rate or a flat fee.
In addition, the act of buying or selling a home involves the law of real property. Real estate attorneys have been to law school and learned the law relating to many areas of law, specifically including the contract laws and real property laws. Who better to deal with one of the most important contracts of a person’s life?
This blog will explore the advantages of using a real estate attorney over a real estate agent. When it is appropriate, when it is not, and why. Stay tuned.
If you would like assistance in buying or selling your home, contact us.
Disclaimer: The information in this blog post (“post”) is provided for general informational purposes only, and should not be construed as legal advice from Leos & Gilkerson, PLLC or the individual author, nor is it intended to be a substitute for legal counsel on any subject matter. No reader of this post should act or refrain from acting on the basis of any information included in, or accessible through, this Post without seeking the appropriate legal or other professional advice on the particular facts and circumstances at issue from a licensed lawyer.