Are you considering buying or selling real estate? Maybe it’s your first home. Maybe you are a real estate investor accustomed to buying and selling commercial or residential properties. You might ask: “Can my real estate agent or I just negotiate my real estate sale or purchase?
The short answer is: “yes”. An experienced real estate agent can help you, and you can also represent yourself. Odds are, you and your agent or broker are not licensed Oregon attorneys and may be viewing the anticipated purchase or sale through very different lenses than a hired lawyer. You may be excited, which is fair. Your agent or broker may be focus on maximizing price and commissions. Your attorney will be focused on representing your best legal interests in the transaction.
Before you start any real estate paperwork, seriously consider having an experienced real estate attorney help you understand the many contracts prepared and presented in this process. Also understand your Oregon legal obligations as a seller of real estate depending on the type of property you are selling. As a buyer, important title and due diligence issues must be considered to protect you from future risks and legal problems before your sale closes.
Buying and selling real estate is exciting and can bring with it great financial returns. However, real estate is likely the most important thing you will buy or sell during your lifetime, so take the time to contact competent legal counsel to review, draft, advise, and/or negotiate a favorable real estate transaction for you.