Do I Need a Lawyer?For most of us, buying or selling a home is the most expensive transaction that we will ever conduct. This fact alone may make you want to run for the cover of a real estate lawyer. But you may be able to handle the tasks involved in buying or selling real estate with the help of other professionals who are traditionally involved in the process — a really good real estate agent or broker (who's working for you, not the other party) and a mortgage broker.
No matter how many people are assisting you in your purchase or sale, it is essential that you read everything you sign BEFORE you sign it. Ask questions if there's something you don't understand.
WHAT YOU CAN SAVE:
$100 to several thousand dollars.
WHAT YOU RISK:
If the buyer or seller tries to back out of the transaction on short notice, you may have to scramble to get professional legal help. If something goes wrong after the transaction has closed (say, the inner walls and ducts turn out to be caked with mold), you may need to hire a lawyer after the fact to get you out of the purchase or to negotiate a settlement.