real estate question

secondcurve · 02-03-2008, 02:23 PM

Lady Jane:

Most of the time the bank's attorney (assuming you are borrowing money to purchase the property) protects your interest in the closing process. Thus, people often assume they don't need an attorney when purchasing real estate. Usually this assumption is correct. However, it isn't always the case. I am fairly experienced with real estate transactions and I always use an attorney. My guess is that you should too. Don't ever rely upon a realtor for anything. At best they are inexperienced and naive, at worst they are dishonest and/or their interests aren't in line with yours. Good luck with your purchase and remember don't be afraid to walk away if you don't get what you want. It is a buyer's market and it likely will become more of a buyer's market before it becomes a seller's market.

02-03-2008, 02:23 PM	#4
secondcurve Senior Member Join Date: Jan 2005 Posts: 2,128 Thanks: 1,352 Thanked 564 Times in 291 Posts	Lady Jane: Most of the time the bank's attorney (assuming you are borrowing money to purchase the property) protects your interest in the closing process. Thus, people often assume they don't need an attorney when purchasing real estate. Usually this assumption is correct. However, it isn't always the case. I am fairly experienced with real estate transactions and I always use an attorney. My guess is that you should too. Don't ever rely upon a realtor for anything. At best they are inexperienced and naive, at worst they are dishonest and/or their interests aren't in line with yours. Good luck with your purchase and remember don't be afraid to walk away if you don't get what you want. It is a buyer's market and it likely will become more of a buyer's market before it becomes a seller's market.