Realtors, mortgage companies and title companies are paid money only
when you close. Don't rush to the closing table alone, without having
a lawyer who specializes in real estate to review your paperwork. I have
represented thousands of buyers and sellers since 1986. Use
my years of experience and professional network to protect you.
I am dedicated to providing you with affordable counseling and quality
service that will make your real estate transaction close as smoothly as
possible, most often for one low flat fee.
Consulting the Law Offices of Lee H. Morof will provide you with
answers to many of your questions throughout the buying or selling
process and give you peace of mind.
THREE THINGS EVERY BUYER SHOULD KNOW
1. Professional home inspection is an always! As a potential buyer, you
could encounter electrical, roofing, plumbing, water damage and
foundation issues, to name a few.
2. New construction requires a mortgage contingency that means you'll
get your earnest deposit back if you are not approved by your lawyer.
3. Your purchase agreement should be contingent upon the home
appraising at a value equal to or greater than that of the purchase price.
THREE THINGS EVERY SELLER SHOULD KNOW
1. Before the placing your home on the market, you can get it appraised.
A drive-by appraisal is sufficient and inexpensive, approximately $150 versus
$350 for a comprehensive appraisal.
2. Never sell your home using a land contract because you may violate
the "due on sale provision" in your mortgage agreement which could
result in foreclosure. If the buyer needs to buy on land contract, it
could signal that he or she has credit problems which could add up to
expensive legal fees and time-consuming court dates.
3. Selling by owner is difficult and most likely will not save you any
money at all. It will probably cost you thousands of dollars. If you try
it, never show your home alone for safety reasons and avoid holding
open houses that could leave your doors open to potential burglars.
