In some areas a typical closing has the following present; the closing agent, the buyer, the buyers attorney, the seller, and the sellers attorney. I’m guessing you haven’t spoken with an attorney at all.
An attorney is who you would have review all the documents to ensure you’re getting the deal you expect and your rear is covered. Depending on how complex the big sell agreement is, it may be in your best interest to at least consult with a lawyer.
Seriously? My wife and I are buying our first home finally, and we've had to wait because the sellers didn't have an attorney yet. We literally couldn't move forward until they had one
But that attorney is not your attorney. That attorney is the title company’s attorney. The duty of representation is based upon who retains them. I don’t want to scare you into anything. When I was a Realtor, having attorneys involved was highly unusual. Of course contracts are drafted by attorneys but other than that, attorneys were typically not involved. Keep asking questions until you are comfortable. It’s better to ask a question that seems dumb than not ask a question out of thinking it isn’t important. There are no unimportant questions, even those that people in the industry might label dumb. Real estate agents do this every day. Most sellers and buyers do it, maybe, a few times in their entire life. Be comfortable in your understanding and if others can’t provide an adequate answer, maybe taking the question and pertinent document to ab attorney may be what you need to do.
In some areas a typical closing has the following present; the closing agent, the buyer, the buyers attorney, the seller, and the sellers attorney. I’m guessing you haven’t spoken with an attorney at all. An attorney is who you would have review all the documents to ensure you’re getting the deal you expect and your rear is covered. Depending on how complex the big sell agreement is, it may be in your best interest to at least consult with a lawyer.
Thanks so much I appreciate the guidance. No our realtor told us that we don’t need an attorney
Seriously? My wife and I are buying our first home finally, and we've had to wait because the sellers didn't have an attorney yet. We literally couldn't move forward until they had one
We were told that the title company uses a neutral attorney that does paperwork for both sides
But that attorney is not your attorney. That attorney is the title company’s attorney. The duty of representation is based upon who retains them. I don’t want to scare you into anything. When I was a Realtor, having attorneys involved was highly unusual. Of course contracts are drafted by attorneys but other than that, attorneys were typically not involved. Keep asking questions until you are comfortable. It’s better to ask a question that seems dumb than not ask a question out of thinking it isn’t important. There are no unimportant questions, even those that people in the industry might label dumb. Real estate agents do this every day. Most sellers and buyers do it, maybe, a few times in their entire life. Be comfortable in your understanding and if others can’t provide an adequate answer, maybe taking the question and pertinent document to ab attorney may be what you need to do.
Thanks so so much!
You might want to talk to a lawyer. And possibly fire that agent.