50. Why Should Home Sellers Hire a Lawyer at the BEGINNING of the Process? (#1 of 15 common mistakes we see Home Sellers make)

Now that we have completed our list of 15 Mistakes Home Buyers make, it’s time to turn to Home Sellers and discuss some of the unique issues they face. Just like with Buyers, we have seen a number of oft-repeated mistakes by home Sellers that can be easily avoided, often at no additional cost. They
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So you did all the right things: Hired a lawyer first; Had your lawyer, agent and lender work as a team; Had your lawyer review all documents before you signed them Even had your lawyer review the closing documents prior to closing So it should be smooth sailing from here, right? Not so fast, this
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Things are understandably stressful for the Buyer right before Closing. All the stars need to align for things to go smoothly. Among them are: Scheduling all the parties for the closing; Final payoffs for old loans and utility bills of Seller (for the closing statement); Lender’s final approval of the loan and document preparation; Title
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As we learned in the previous blog post, one purpose of the Final Walk-Through is to allow the Buyer to examine the repairs made by Seller and determine if they were done properly. If not, Buyer will often have the contractual right to delay the Closing until the problems are remedied. But this, at least
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While it would be nice to believe that people will live up to their word (in the “my word is my bond” sort of way), most people probably recognize that “good fences make good neighbors” and enforcing contractual rights makes it more likely that the other side will do what they are supposed to. Repair
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If you have signed or plan to sign an Appraisal Rider or other similar document giving you the right to terminate the contract if the property does not appraise for the sale price (or at the very lease forcing the Seller to reduce the sale price to the appraised value to keep you in the
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Our Managing Attorney, Marc Jacob, tells the following story to illustrate why it’s much better for the client to keep their professional team members in their respective silos (at least in some ways): A friend once asked me to show him and his wife a house that went up for sale on my block. He
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Here’s a classic, though unfortunate scenario we experience fairly often: A potential client has signed a contract to buy a house and they have some serious concerns about the inspection reports they have obtained. They want to talk to a lawyer to discuss how to address this before they or their agent sends over the
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