Real Property Lawyers Folsom CA Trusts Ask: Do You Need a Lawyer or a Real Estate Agent When Purchasing a Home?
Many first-time home buyers turn to real estate agents for assistance when purchasing their first house. However, they aren’t always aware that real property lawyers could be equally valuable sources of information. When buying or selling your house — whether it’s your first time making such a big transaction or whether you’ve done it a dozen times — there are some situations where it’s wise to consult a professional.
When You May Need a Real Estate Agent
The law doesn’t require you to have a real estate agent when selling or purchasing a house, so why do so many buyers and sellers have one? Quite simply, the process of buying a house is so complicated that many individuals find it easier to have a knowledgeable real estate agent for guidance.
A real estate agent can be very helpful when you’re unfamiliar with the location you’re moving into; most real estate agents will have in-depth knowledge about different neighborhoods, school districts, and transportation options. Even if you’re familiar with the region, a real estate agent can assist in having inspections done and negotiating with the seller on a fair price. If you need to take out a mortgage, your real estate agent might also be able to recommend a good mortgage loan broker.
Of course, if you’ve already found a house you love, you don’t want to use the same real estate agent as the seller. If you’re buying a house from someone you know, or if you’re familiar with the home-buying process, you might not want to hire a real estate agent.
When You May Need Real Property Lawyers
Even if you don’t need a real estate agent, you still might want to consult with real property lawyers. A Folsom CA lawyer can be very beneficial if you have extenuating legal circumstances that may affect a transaction. For example, you might be interested in renting a home for a certain period of time before you decide whether or not to buy it; this would require contracts that go beyond normal lease documents. You might also be concerned about some of the wording in your mortgage contract. Or, if you’re self-employed, you might be interested in purchasing a home that you’ll turn into a workspace. While you’ll likely want to consult with a business lawyer for financial information on this purchase, you might also want to speak with one of the real property lawyers from Yee Law Group who can help you organize essential property documents.
Speak with Real Property Lawyers
There are no laws stipulating that you need to have a real estate agent or real property lawyers Folsom CA clients recommend present to buy a house — but there’s no denying that these parties can be invaluable in many cases. If you have any concerns about a future transaction, there’s no reason to hesitate contacting a professional who can give you honest advice. Buying or selling real estate is no small matter; it’s better to be on the safe side and ensure that you’re making the right decisions. For more details, call the Yee Law Group today.