| In today's internet savvy world where we all | | | | they'll use effective clauses and contract language |
| have access to massive amounts of information, | | | | that's designed to reduce legal risk on behalf of |
| you may wonder why it's important or at all | | | | the seller. |
| necessary to hire a realtor for your real estate | | | | Moreover, when you hire a realtor they have the |
| transactions. Isn't it the much more affordable | | | | experience to see potential problems, identify the |
| route to sell your home yourself? | | | | source of the problem and to catch things before |
| What many do not realize is that although much | | | | they have the time to explode out of proportion. |
| of real estate is marketing, the major issues that | | | | Here are some legalities about real estate |
| a realtor is trained and experienced to deal with, | | | | transactions that you may not be aware of: |
| are legal issues. Basically a realtor is there to | | | | - Your credit rating can be permanently effected |
| market your home and help you fetch the best | | | | by a buyer's default in the case of a buyer |
| price, but also to make sure that in all your | | | | assuming your loan. |
| transactions you don't get stuck in an awful | | | | -If you fail to disclose certain things such as past |
| lawsuit. | | | | insect infestation, pervious repairs, the presence |
| As a seller you're in the most vulnerable position in | | | | of mold in certain areas of the house- these can |
| the buyer/seller relationship, and most real estate | | | | all be grounds for lawsuit. Take note, there are |
| lawsuits end up being a buyer filing against a seller. | | | | myriad other potential sources for lawsuits and |
| The key thing you need to acknowledge is that a | | | | only a realtor is fully equipped to know them all. |
| real estate agent is fully equipped to both avoid | | | | Another tidbit that may solidify your decision to |
| these legal trappings and put out fires if | | | | hire a realtor to sell your property is that FSBO |
| something arises. Think of them as lawyers of | | | | buyers generally will offer 6-10% less than your |
| your real estate transactions. | | | | listed sales price as they know you don't have |
| Most people don't realize that the process through | | | | any commission fees to pay! Also, statistically |
| which title is transferred to real property is a | | | | FSBO properties take longer to sell |
| tricky and complicated one, full of potential | | | | So, if you want to play it safe and sound and |
| trappings and unknowns snares. Decisions | | | | avoid a lawsuit that could cause you years of |
| concerning escrow matters, transfer of title, | | | | financial stress and worry, then hire an expert in |
| contract terms and many different matters need | | | | the field. Rest assured that with a realtor the |
| to be made and written in decisive and proper | | | | whole process of selling your home will go off |
| legal language. | | | | smoothly and you'll need not worry about |
| Realtors are trained to use such language and | | | | legalities. Let them do the worrying and the work! |
| when you hire a realtor you can rest assured | | | | |