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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?
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