Selling and buying real estate is likely one of the biggest financial transactions you will take part in. While some take a do-it-yourself approach, others invest in a team to help things go smoothly. But do you really need to work with a broker or lawyer when selling your home?
No, you do not legally need a real estate broker to help in the sale of your home. If you are the owner, it will be legal. While you can sell real estate on your own, working with a lawyer has real advantages.
A lawyer may help with the selling process as a traditional agent would, but they can also bring added advantages. They are well-versed in the law, so they can help give you extra surety that your documents and transaction are legally binding. When you enlist the help of a lawyer in your transaction, you will get help with these things:
- Drafting documents, including purchase and sale agreements
- Ensuring documents are legally binding
- Reviewing loans
- Preparing seller documents
- Following Oregon law
- Getting a clear title to the buyer
- Reviewing closing documents
- Protecting you from legal issues
- Tying real estate changes in with your estate plan
Working with a real estate lawyer can help protect your interests in negotiations and ensure that things go smoothly and are legally binding. A misstep in a real estate transaction can cost you thousands, but in big decisions like real estate, having someone who knows the law on your side can save you a big headache down the road.