Residential Real Estate Transactions for Sellers
Does The Seller Need A Real Estate Attorney?
In representing sellers, Oppenheim Law is here to make sure that your real estate transaction flows smoothly from the point of your initial listing to closing. The ultimate goal in representing a seller is to make sure that the proceeds of the sale falls into your hands without any difficulties or surprises. In order to achieve this goal, it is key that sellers know the legal condition of their own property. For instance, a common service provided is making sure that all types of existing liens on your property are taken into consideration during your transaction.
As a seller, you will have more latitude on the purchase contract’s initial terms. Our attorneys can draft and review your contract, make sure that the seller meets the contractual requirements in efforts to avoid contract disputes during your route to closing, and answer any questions that you may have. Should your deal go sideways, we are there to provide you necessary information so that you always know your rights and legal options.
Part of our representation includes the preparation of all closing documents. This generally includes an affidavit confirming there are no liens or lien rights against the property you are selling, bill of sale, and deed and closing statement. It is important to understand that real estate transactions can bring many complex problems that can turn into legal and financial disasters. Selling your home is probably the largest single sale you will ever make. Hiring an attorney experienced in representing sellers will save you from pitfalls and substantially increase the likelihood of experiencing a smooth and predictable transaction.
Representation of Buyers and Sellers without Realtors
Today, with the internet and access to pertinent real estate information such as comparables, comprehensive online listings, market projections, market history, market tends and financing options at your fingertips, many buyers and sellers alike are forgoing the need to hire a licensed real estate agent or Realtor. Many buyers and sellers can no longer justify the commissions paid to real estate agents when the value of the services that agents provide have been heavily diminished due to the fact that buyers and sellers now have access to the same information to perform due diligence traditionally only attainable by Realtors.
Without a doubt, any party to a real estate transaction that chooses to pursue their real estate venture without a Realtor must understand that it is absolutely critical that they have a real estate attorney on their side. Many legal questions arise in any given real estate transaction that can carry significant consequences if not addressed and understood. These legal questions may range from issues stemming from the Purchase Agreement to the legality of an additional room built in a home without appropriate permits. Oppenheim Law takes great pride in representing empowered buyers and sellers that forego the services of a Realtor, and we will work to make sure that your purchase or sale is conducted in a diligent manner.
As a buyer or seller utilizing our Firm, you also have the added benefit of having access to our in-house sister company, Weston Title. Through Weston Title, we will assist you with all your title and closing needs. Weston Title has closed over $1.5 billion in real estate transactions, and has extensive experience and knowledge to assist all of your real estate needs.
Real Estate Agent/Buyer-Seller Disputes
The acquisition of real estate property is usually an individual’s or entity’s largest capital expenditure. The real estate agent and client may not always be on the same page, due to the variety of variables contemplated by parties when undertaking a real estate transaction. The dynamics involved in such transactions often lead the parties of the relationship to believe that there is a complete meeting of the minds, when really there was only a partial mutual understanding or perhaps none at all. One reason that we witness this recurring theme is due to the expedited nature of buying real estate property. Broker/agents thrive on volume, sellers want to cash out quickly, and buyers want to close a deal and move forward. This is an inherent formula that equates to agent/buyer-seller disputes.
Oppenheim Law is experienced and ready to pursue or defend Real Estate Agent-Broker/Client disputes concerning:
- Unpaid Broker Disputes
- Sales Commission Disputes
- Breaches of Fiduciary Duty
- Earnest Money Disputes
- Broker/Agent Negligence
- Appraiser Negligence
- Real Estate Fraud
- Undisclosed Defects