Sellers

As a real estate attorney, I often receive inquiries from property sellers about the legal aspects of selling their property. From navigating complex real estate laws to ensuring that the sale proceeds smoothly, there is much to consider when selling a property. In this column, I would like to share some key points to keep in mind when selling your property to help you protect your interests as a seller.

1. Review and understand the terms of the sale agreement. Before you sign any agreement to sell your property, it is essential to review and understand the terms of the sale agreement. This includes the sales price, financing arrangements, closing costs, and any contingencies that may affect the sale. As a seller, it is also important to make sure that you understand the buyer's obligations, such as making a down payment, obtaining financing, and completing inspections and repairs.

2. Hire a real estate attorney to review the sale agreement. A real estate attorney can help you review the terms of the sale agreement and ensure that your interests are protected. Your attorney can also help you negotiate the terms of the agreement, including the sales price and financing arrangements, and ensure that you comply with all legal requirements, such as obtaining the necessary permits and disclosing any known defects in the property.

3. Be aware of any legal requirements when selling your property. In many states, there are legal requirements when selling a property, including disclosure of any known defects, obtaining necessary permits, and compliance with zoning laws. A real estate attorney can help you understand these requirements and ensure that you comply with them, helping to avoid any legal disputes down the line.

4. Ensure that all title issues are resolved before closing. Title issues, such as liens, encumbrances, and other claims against the property, can delay or even prevent the sale of your property. As a seller, it is important to work with a real estate attorney to resolve any title issues before closing, so that the sale can proceed smoothly.

In conclusion, selling your property is a complex process that involves many legal and financial considerations. By working with a real estate attorney, you can ensure that your interests are protected, the sale proceeds smoothly, and you avoid any legal disputes down the line. If you are thinking of selling your property, contact a real estate attorney today to get started.