Selling a Home in CT? You Need a Real Estate Closing Attorney
If you are looking to sell your home, you may or may not want to hire a real estate agent, but you will definitely want to hire a real estate closing attorney. While the marketing of your home to potential buyers is something you might be able to handle yourself, the services of a seller’s real estate closing attorney are essential to a legally compliant real estate sale.
What does a seller’s real estate closing attorney do?
A seller’s real estate closing attorney provides many services to the Seller that legally legitimize the sale and make it binding, while at the same time protecting the liability and financial interests of their client. A seller’s real estate closing attorney performs the following closing tasks:
- Reviews Exclusive Right to Sell Agreement and Dual Representation Waiver with real estate agent/broker (if hired early enough);
- Reviews and assists with Listing and Mandatory Disclosures (once again, if hired early enough);
- Negotiates with buyer’s attorney and drafts Purchase and Sale Contract;
- Works to resolve any inspection, appraisal or title issues to meet buyer’s needs;
- Prepares closing documents such as power of attorney, Deed and affidavits;
- Obtains payoff statements for outstanding liens or mortgages;
- Attends the closing with, or on behalf of, the client;
- Handles cash flow in escrow, receiving purchase funds and making any payments or disbursements; and
- Secures and records releases for mortgages after closing.
When issues arise in real estate deals it is the attorneys that defuse situations and save deals by coming up with solutions that are acceptable to both parties. A seller’s real estate closing attorney can save a seller of real estate property a lot of stress and worry.
If you are looking to sell a house or condo in Connecticut, let us handle your real estate closing matters. We charge flat rate fees on closings, and we offer FREE phone consultations, so you can make sure we are the right attorney for you.