In recent blog posts, I discussed important parts of a real estate sale, including selecting a broker and due diligence. In today’s video, I will examine what a buyer
Is a real estate lawyer required in some states if a seller and/or buyer neglects to use the help of a real estate agent?
Yes, some states require the presence of a real estate attorney at closing. Alabama, Connecticut, Delaware, District of Columbia, Florida, Georgia, Kansas, Kentucky, Maine, Maryland, Massachusetts, Mississippi, New Hampshire, New Jersey, New York, North Dakota, Pennsylvania, Rhode Island, South Carolina, Vermont, Virginia and West Virginia are included in that list.
Most other states allow the use of a title or escrow company at closing. It might still be a good idea to consult with an attorney though. Unless the seller is familiar with FSBOs, they might not have the expertise necessary to close the transaction in a timely and legal manner.