The law does not require homebuyers to hire a real estate agent or a real estate lawyer to purchase a home. However, real estate agents come in handy to prepare purchase contracts. Depending on the state that you live in, you may be required to hire a real estate lawyer to prepare those contracts.
Using the seller’s agent may be cheaper in certain situations, but you may not be getting the best advocate for your own rights. Your own agent will have your best interest in mind, and will help you keep control of your buying process. Moreover, you own agent or lawyer can show you alternative property listings that may be a better fit.
Real estate lawyers may be cheaper and more knowledgeable of the law than a real estate agent. Since real estate agent charges a percentage of the purchase price, it may be more cost effective to use a real estate lawyer who charges by the hour. Furthermore, real estate lawyers do not use boilerplate contracts, and can draft a personalized one catered to your needs.
To ensure that your home purchase goes smoothly, you should consider consulting a real estate lawyer, especially if you are not working with a real estate agent. Your lawyer can give you valuable advice that will enable you to avoid financial or legal troubles down the line.