Question: I want to buy a home in Frisco. Do I need an attorney to represent me when I buy?
Answer: Not necessarily. Whether you will need to hire an attorney depends on where you buy or the complexity of the transaction. In New Jersey, you're required to have a lawyer when you buy a house. In states such as Colorado and California, attorneys rarely handle transactions for buyers and sellers. Real estate agents, with the help of title and escrow officers, usually handle the transaction and closing details. In states where attorneys aren't routinely involved in home sales, state law usually permits real estate agents to complete standard "fill-in-the-blanks" purchase contracts. Real estate agents can't give legal advice unless they're also attorneys. In states where lawyers are routinely involved, they may be required to draft the purchase agreement, research the title history, check for compliance with government regulations or draft and review documents. They also accompany buyers to the closing. Certainly seek the advice of an attorney if you feel that you need specific representation.
For answers to your real estate questions, call Allison at 970-468-6800 or 1-800-262-8442. Email - [email protected] or visit their web site at www.SummitRealEstate.com. Allison is a long time local in Summit County. Summit Real Estate – The Simson/Nenninger Team is located at the Dillon Ridge Marketplace. Allison’s long-time residency and years of real estate experience can help you make the most of any buying or selling situation. She’s a Certified Residential Specialist (CRS), the highest designation awarded to a Realtor in the residential sales field. Her philosophy is simple, whether buying or selling, she understands that the most important real estate transaction is yours.