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Q.Should I use a Lawyer or a Real Estate Agent? I am thinking about buying a property in a community this time next year. In my research, I have noticed that many people do not use agents. However, I feel that I should use a lawyer at least, before closing the deal. Recently, I have been overrun with requests from agents not to use a lawyer since they cost money (probably money that they want) and don't add value. I cannot believe this, since there is an industry that seems to specialize in it. I have also been told that real estate lawyers don't negotiate prices for the clients and will not help with the selection of the homes. I know that maybe the general case, but in the case of a community-based property, I am not sure. It seems stupid to use only the agent, since I will find the property on my own (and still have to pay them the 3% or more). What should I do? Should I use the real estate lawyer or the agent?
A.It it true that lawyers will help you negotiate prices for you or help you with the selection of the homes, but it's the out come of the property and contracts that count. You, as a consumer can negotiate and select the home yourself, only you know what you want. The Real Estate Lawyers will review the contract and go over it with you and if there are something that's not right, the will know it. The Real Estate Lawyer will fight for you in court if the sellers did not disclosed all pertinate information about the property, whereas the real estate agents won't review the contract or represent you in court. Go with the Real Estate Lawyer, it saves you money in the long run if there's any problem with the property, unless you're buying a newly built property, than go with the agent.
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