The answer is, as soon as a buyer makes an offer on your home, but no later than once you accept the buyer’s offer, and have a binding Offer to Purchase. Quite simply, once you have accepted the buyer’s offer.
At this point, as the seller, you will need the services of Real Estate Attorney to draft the Purchase and Sale Agreement (P&S) on your behalf. That document is a binding contract and will replace the Offer to Purchase. Also, your Real Estate Attorney will draft a new Deed replacing you as the current owner to the new owner. Both of these documents are legal documents that must be drafted and or reviewed by a licensed attorney.
And remember that while your real estate agent may do a great job working with you to sell your home, they cannot legally draft these documents or even give legal advice regarding these necessary legal documents. Your agent has an independent role in the home selling process and it is different than the role of your Real Estate Attorney.
So, now you’re ready to hire a Real Estate Attorney. The best advice I can give any home seller is, do your homework. Take some time to speak to an attorney before hiring them even if they come highly recommended. Ask questions. Explain your particular home selling situation.
Here at Landman Akashian & Macklow, I make it a point to talk by phone or meet in person with all my potential home-selling clients before they decide to hire me. This allows me to explain my role as your Real Estate Attorney and provide important information about the process and the costs associated with my representation. Most importantly, it allows me to answer any questions or address any concerns you may have regarding the sale of your home.
Myself, and my team of Real Estate Attorneys and Paralegals, are available to address all your legal needs when you sell your home. Whether the sale is of a single-family home, a condominium, an estate sale or a condominium sale, my firm is willing, able and ready to work for you. Here at Landman Akashian & Macklow, LLP – EVERY CLIENT MATTERS. Call us today for your free consultation.