Even in the best case scenario, selling a house is a lot of work. But, you might find that the person or family buying your home makes the process even more challenging. They may argue over the inspection, threaten to back out, or want outrageous credits for repairs.
What makes a homebuyer difficult?
Both buyers and sellers want to do their due diligence during the home selling process. That can mean a lot of back and forth to ensure both parties are protected and satisfied. When does it become clear that a homebuyer is going above and beyond normal negotiation and entering the realm of difficulty?
Difficult homebuyers might be:
- Uncommunicative. You might have thought you found the perfect buyer only for them to suddenly drag their feet during the negotiation. They may take a long time to respond to you or your real estate agent or not fully answer your questions.
- Contract errors or irregularities. The contract is really the meat of the deal. All of those little details matter, whether you are selling or buying a house. If you notice the contract is full of errors, it likely means the buyer is not working with a seasoned professional, which can certainly present a challenge.
- Difficult homebuyers may also try to include a variety of contingencies in the contract that make it easier for them to back out of the contract. While some contingencies are standard in the real estate world, others can raise red flags. If your real estate agent points out some irregularities in the contract, you may clash with the buyer.
- Constant demands. Homebuyers want to know they are getting the right home at the right price, but the aggressive push to buy can lead to unreasonable demands. Some buyers might try to push you to cancel all home showings as soon as you have accepted their offer. Others might try to demand home upgrades and repairs before the closing of the deal. Negotiation is a part of home selling, but this process can become tough to handle with some homebuyers.
If you have a realtor, why do you need an attorney? In many transactions, a real estate agent is sufficient. Keep in mind that some states may require a lawyer be present at closing. If you find yourself in a situation with a difficult homebuyer you may not be required to engage a lawyer but a real estate attorney could make your life easier.
Real estate lawyers are experts in home sales from start to finish. Working with a real estate lawyer can help to ensure your interests are protected during the sale. Lawyers can spearhead any negotiation with the buyer’s team and spot any potential concerns before the sale proceeds any further. Plus, a real estate lawyer can expertly handle all of the necessary paperwork.
When does it make sense to talk to a real estate lawyer?
If you are not required to have a real estate attorney, how do you know when it makes sense to find a lawyer? The answer may be as simple as dealing with a difficult buyer. Maybe you and your real estate agent need some backup.
There are also legal questions that might arise during the home selling process that your real estate agent is not equipped to answer. If that happens, a real estate lawyer will be able to help.
This article is intended to convey generally useful information only and does not constitute legal advice. Any opinions expressed are solely those of the author, not LawChamps.
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