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I will not tell you not to hire an attorney, however most of the time they only complicate a house transaction. If you were going to court I would say 100% hire and attorney, but you are buying a home so I say 100% hire a Realtor.
Please call me with any question you may have.
Keller Williams Realty City View
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While I will never discourage anyone from having a real estate attorney review everything for you... I will also say, most people don't spend the extra money. Usually, the title company or your lender can explain almost anything you need.
Do you have a time frame for doing inspections? What happens if the inspections show up a condition you are not willing to deal with? Has the seller provided you with a detailed disclosure of their repairs to the property? Have they provided you with a survey? Who will pay for homeowner association documents and transfer fees? Will the house be appraised? These are just a few issues that need to be spelled out.
These are just a few of the reasons you should hire a real estate agent to explain all the details of what it takes to buy a home. To make sure your legal interests are covered definitely contact a real estate attorney before it's too late.
Whenever you are planning on buying a home here is a link to some tips to help you decide on a neighborhood.
The title company does not represent anyone. They're just doing the title search and probably acting as the escrow agent.
You want to hire a board certified real estate attorney to represent your interests before you ever even sign the contract.
Buying FSBOs can mean a lot of headaches. As others have said, normally they're overpriced by about 10%, but there are a whole host of other issues as well, such as disclosures, condo documents, dues, who pays what closing costs, what contract forms did you use, etc. That's why you want your own attorney involved if you do decide to go after FSBOs.
Consider this: in my experience, almost every FSBO is listed at a price higher than market value. Are you getting a decent deal? Nobody will know in the situation you are describing - I hope you at least used a contract that lets you get out of it if the home doesn't appraise. A real estate attorney cannot tell you a realistic market value as they don't have MLS access. A buyer's agent can. If you are already under contract with the FSBO, it's a little late to be asking this question and I wish you the best of luck. If not, call a buyer's agent immediately who can make sure you don't overpay and protect your interests.
Justin Werner, ABR, CRS, SFR
Accredited Buyer Representative
Certified Residential Specialist
Short Sale & Foreclosure Resource Certified
10000 San Pedro, Suite 110
San Antonio, TX 78216
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I would have suggested you use a RealtorÂ® to represent you. Many times buyers think they are getting a better deal when working through the seller FSBO. My thought is that unless you or the seller know the home buying/selling process it's much like the blind leading the blind.
I would suggest you hire someone to see to your interests in this transaction a good buyers agent may have costed you less than a Real Estate Attorney since many times we get the seller to pay. That being said, you should definitely hire someone for you. Good luck.