Are you proud of yourself for buying your first fixer-upper house, successfully renovated it, and finding an interested buyer shortly after the work was completed? Before rushing into giving up your possession of the home, be sure that the selling process is done in the proper manner. You don't want to sell a house and end up in a situation that leaves you with certain responsibilities unknowingly, which can easily happen if you don't pay attention to what is written in sales documents. Whether you are presenting sales documents to the buyer or signing documents that were presented to you, it is important to have the assistance of a real estate lawyer during the process. Continue reading this article to learn how a lawyer can help you through the process of selling your house to an interested buyer.
Did the Buyer Present Offer Documents?
Are you dealing with a buyer who is attempting to negotiate a deal on your home? If so, the documents that he or she presents to you will need to be thoroughly reviewed by a real estate lawyer. The reason why is because there might be something written in fine print that you don't see before agreeing to sell the house. For example, the buyer might want a discounted price that also include you having to pay for certain things after the closing process has ended. When a lawyer is allowed to review the offer documents, he or she can assist with making a counteroffer and ensuring that the deal is in your best interest.
Do You Want Any Rights to the Property?
Selling a house doesn't necessarily mean that you have to fully give up all of your rights. You can sell the house based on any terms that are legal in regards to the real estate laws in your state. For example, if there is a guesthouse on the property that you have been renting out to a tenant, you can sell the main house but possibly keep ownership of the guesthouse. However, you must ensure that such a sales deal is in the best interest of both you and the buyer. The reason why is because it can eventually land you in a lawsuit, such as if your tenant breaks certain rules that has a negative impact on the buyer's property.
What Types of Repairs Are Necessary?
Keep in mind that you can be held responsible for making various repairs after closing on the deal. It is important to ensure that the buyer is fully informed about the problems that the house has, especially if there is an issue that can seriously injure someone. A lawyer will draft up documents in regard to damages to the house and what you are willing to be held responsible for repairs.
For help with any legal issues that may arise, contact a firm like Souders Law Group.
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