ANSWERS: 1
  • <h4 class="dechead">On One Hand: You Should Have a Lawyer When Selling a House

    At a real-estate closing, a seller has fewer responsibilities than a buyer. However, many experts recommend having legal representation to protect the seller's interests, which are just as important. While there are few documents involved on the selling side, even one mistake could cost sellers thousands of dollars.

    On the Other: Sellers Don't Need Lawyers for Home Sales

    Since most house sales involve mortgage loans, lawyers for the lender almost always attend real-estate closings. Mortgage lenders must be sure that all terms and documents are correct, so sellers receive just as much protection as buyers when closing a house sale.

    Bottom Line

    In most cases, unless a seller wants a lawyer to examine documents to be used at a real-estate closing and the sale doesn't involve complex agreements (land contract, lease with option, or numerous "seller concessions"), a lawyer is not necessary but is a smart option. Sellers who feel more secure with legal representation can choose to have counsel, but it is typically not a requirement.

    Source:

    Find Law: Why Sellers Need a Lawyer

    Real Simple: Do You Need a Lawyer to Buy or Sell a Home?

    More Information:

    Home Seller/Buyer Legal Guide

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