Home Buyers Learning To Hire Lawyers

In many states, it is regular course to hire an attorney when buying or selling real estate. In some states it is mandated. In California, it has been uncommon to involve an attorney when buying or selling a home. In California, real estate agents, rather than an attorney, commonly assist a buyer or seller with their purchase or sale. While real estate agents are often very knowledgeable about the local market and do provide valuable assistance, they cannot replace the assistance of counsel. Only an attorney can advise a buyer or seller about the legal ramifications of purchase agreement terms. Only an attorney can review mortgage documents for RESPA and Truth in Lending violations. Many buyers over the last 1-5 years are now regretting not hiring an attorney for their recent purchase. Many of the problems California homeowners find themselves in now could have been avoided had they taken precautions during their purchase. Lesson learned. More and more California buyers and sellers are now hiring an attorney to consult with during a purchase or sale of their home.