Get an Attorney First
- A real estate attorney is the ONLY person working 100% for you. Real estate agents and mortgage brokers use a daunting number of forms. Some of these forms are legal contracts and should never be signed without an attorney.
- Court Decision: Seller must pay 6% real estate commission, although title was not transferred. (Balfour Realty v. Passarelli)
- Judgment: Buyer loses $78,000 down-payment for breach of contract. (Rice v. Buie)
Buyer or Seller, get an attorney first – it is the best way to PROTECT YOUR MONEY.
A Word on Closing Fees
Real estate transactions have only one thing in common; a very large amount of money is at stake. Be wary of anyone that quotes a fee without completely understanding the details of your transaction since you will get what you pay for – good or bad.