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C. Terms of
the Agreement of Sale:
Before you sign an agreement of sale, you might consider
asking an attorney to look it over and tell you if it
protects your interests. If you have already signed your
agreement of sale, you might still consider having an
attorney review it. An attorney can also help you prepare
for the settlement. In some areas attorneys act as settlement/closing
agents or as escrow agents to handle the settlement. An
attorney who does this will not solely represent your
interests, since, as settlement/closing agent, he or she
may also be representing the seller, the lender and others
as well.
If choosing an attorney, you should shop around and ask
what services will be performed for what fee. Find out
whether the attorney is experienced in representing home
buyers. You may wish to ask the attorney questions such
as:
What is the charge for negotiating the agreement of sale,
reviewing documents and giving advice concerning those
documents, for being present at the settlement, or for
reviewing instructions to the escrow agent or company?
Will the attorney represent anyone other than you in the
transaction?
Will the attorney be paid by anyone other than you in
the transaction?
Please note, in many areas of the country attorneys are
not normally involved in the home sale. For example, escrow
agents or escrow companies in western states handle the
paperwork to transfer title without any attorney involvement.
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