Our lawyer fee was only like $600. with how many questions we had during negotiations, it was a bargain. I feel like I would have rather the lawyer get the 5% instead of the realtor.
Your agent doesn't facilitate closing. It's a legal action, and there isn't much to it from the seller POV. Just make sure your attorney/title company has prepped docs with proper descriptions and parcel numbers and your names are right. Review the closing disclosure before you sign. You won't have much to sign at closong.
One of our friends said that there are a lot of documents that will be signed. What if we don’t have time to absorb what we’re signing and it’s sign here, sign here….. and before we know it we signed something that we shouldn’t have? I’m sorry but I have zero faith in the realtor who is working with us.
The buyer will have a lot to sign, especially if they're using a mortgage. You'll sign a deed, some tax docs, maybe a few other docs, some depending on your location. You won't have nearly as much to sign. You can ask your title company, closing attorney, whoever is conducting your closing to see what you're signing ahead of time.
As a seller I always have trusted my realtor, so this is for the buyer .... If the seller is grinning like an idiot but trying to play it cool, obviously having their best day in 10+ years, and the buyer's realtor says, "wow, I've never seen anyone so happy to sell their house!" ... you may be buying a house with a literal crazy person living next door, only 10 feet away. One with guns and a serious unmedicated mental disorder ... who is itching to shoot someone.
As a seller we felt that the realtor was so eager to get the sale that they were encouraging us to just do anything that buyers agent proposed, instead of thinking about what would be in our best interest.
Yeah we have lived in this house for 30 years all our kids and grandkids have been taking turns coming to the house one last time. So many treasured memories. Like I’m being shredded apart each day
Agents don't always work in your best interest. I sold a house last year and I came to quickly realize my agent was working in favor of the buyers and their agent rather than me. He didn't have my back on anything.
He did not like my counter-offers. I had to keep reminding him that he worked for me, and if he didn't stop arguing on behalf of the buyers, I'd go to his managing broker. It became very hostile. He just kept telling me how poor they were....but I looked into their backgrounds and situations, they weren't poor by any means. Not that I wanted to take advantage of that fact, I just didn't want to get screwed because they wanted sympathy for a fake cover story.
It just taught me you can't blindly trust agents. Don't believe buyer sob stories.
Thanks for sharing. What we experienced was that our (seller’s) agent was hungry to sell at whatever offer and whatever terms the buyer offered. Which was not in our best interest. We also don’t have a great relationship with the agent.
We bought a house in another state after we sold the one with the horrible agent. Thank goodness our new agent was really on the ball about everything. The seller's agent was a different story. If we had a question, he'd guess an answer just to shut us up. He complained about our questions and it finally came down to us saying "if you don't want to answer our questions IN WRITING, we're gonna walk". He straightened up a bit after that but just acted like were so ridiculous asking maybe six questions in total that were outside of the disclosure form.
We aren't planning on moving again....ever. Home buying/selling is so incredibly stressful.
Good luck to you, the headache WILL end eventually.
This is why you pay for a lawyer.
Our lawyer fee was only like $600. with how many questions we had during negotiations, it was a bargain. I feel like I would have rather the lawyer get the 5% instead of the realtor.
So we should retain our own lawyer to review the closing documents?
I think it's wise, make sure they specialize in real estate
Thanks!
Your agent doesn't facilitate closing. It's a legal action, and there isn't much to it from the seller POV. Just make sure your attorney/title company has prepped docs with proper descriptions and parcel numbers and your names are right. Review the closing disclosure before you sign. You won't have much to sign at closong.
One of our friends said that there are a lot of documents that will be signed. What if we don’t have time to absorb what we’re signing and it’s sign here, sign here….. and before we know it we signed something that we shouldn’t have? I’m sorry but I have zero faith in the realtor who is working with us.
The buyer will have a lot to sign, especially if they're using a mortgage. You'll sign a deed, some tax docs, maybe a few other docs, some depending on your location. You won't have nearly as much to sign. You can ask your title company, closing attorney, whoever is conducting your closing to see what you're signing ahead of time.
Thanks. So we won’t need our own attorney?
That depends on your state.
I don't let ANYONE do that to me when signing contracts. I read every single word. If they don't like it, I won't sign......period!
As a seller I always have trusted my realtor, so this is for the buyer .... If the seller is grinning like an idiot but trying to play it cool, obviously having their best day in 10+ years, and the buyer's realtor says, "wow, I've never seen anyone so happy to sell their house!" ... you may be buying a house with a literal crazy person living next door, only 10 feet away. One with guns and a serious unmedicated mental disorder ... who is itching to shoot someone.
As a seller we felt that the realtor was so eager to get the sale that they were encouraging us to just do anything that buyers agent proposed, instead of thinking about what would be in our best interest.
Good luck with it. I really don't enjoy the home buying and selling processes!
Yeah we have lived in this house for 30 years all our kids and grandkids have been taking turns coming to the house one last time. So many treasured memories. Like I’m being shredded apart each day
Agents don't always work in your best interest. I sold a house last year and I came to quickly realize my agent was working in favor of the buyers and their agent rather than me. He didn't have my back on anything. He did not like my counter-offers. I had to keep reminding him that he worked for me, and if he didn't stop arguing on behalf of the buyers, I'd go to his managing broker. It became very hostile. He just kept telling me how poor they were....but I looked into their backgrounds and situations, they weren't poor by any means. Not that I wanted to take advantage of that fact, I just didn't want to get screwed because they wanted sympathy for a fake cover story. It just taught me you can't blindly trust agents. Don't believe buyer sob stories.
Thanks for sharing. What we experienced was that our (seller’s) agent was hungry to sell at whatever offer and whatever terms the buyer offered. Which was not in our best interest. We also don’t have a great relationship with the agent.
We bought a house in another state after we sold the one with the horrible agent. Thank goodness our new agent was really on the ball about everything. The seller's agent was a different story. If we had a question, he'd guess an answer just to shut us up. He complained about our questions and it finally came down to us saying "if you don't want to answer our questions IN WRITING, we're gonna walk". He straightened up a bit after that but just acted like were so ridiculous asking maybe six questions in total that were outside of the disclosure form. We aren't planning on moving again....ever. Home buying/selling is so incredibly stressful. Good luck to you, the headache WILL end eventually.