Can we use the services of a real estate attorney to fill in for the lack of a realtor? We are looking to buy a home which is FSBO (for sale by owner). We haven't hired a realtor and neither does the seller. Since we're directly dealing with the seller, we would like to instead work with an attorney who can step up to fill in for the lack of a realtor; someone who has the necessary contacts for home inspection etc. is this possible or not recommended?
Engaging the services of a real estate attorney is highly recommended. Good luck to you.
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You most definitely should hire a real estate attorney to represent you in this transaction and you should not sign any contract until you do so. Real estate transactions are complicated and require the knowledge and experience that only a real estate attorney will have. Even if a realtor were involved, you would still need an attorney to negotiate contracts and protect your interests.
Using a real estate attorney is far better than using a real estate agent. Attorneys have much higher ethical standards and will truly look out for the best interests of their clients. You do need a real estate attorney, especially in this type of transaction, which involves a contract for what may be the most significant purchase of your life. Attorneys are licensed to practice law, real estate agents are not.
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Absolutely. Most attorneys are sharper than real estate agents.
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Yes hire the real estate attorney before the realtor. I have friends that are realtors and respect them, but keep in mind, the realtor's #1 goal is to get you to close on the property so they get their commission.
The attorney's goal is to protect his or her client.
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