Hire a real estate attorney if you want to sell your house quickly (not just any lawyer)
One of the first houses I bought on my own was an interesting case. The homeowner was an older man, probably early 70’s, that called himself “Rocky” as a nickname. I’ve met many people in my life that I would characterize a Rocky, but this fellow was not one of them.
He was maybe 5’ 2” and 130 lbs. He was looking to sell his house quickly because he wanted to move in with his ailing brother that lived about an hour away. Rocky and I agreed to terms and decided to move to the next step.
In our world that next step is to hire an attorney to represent you. The lawyer prepares the contract, negotiates the details and sends it to the buyer’s attorney. The attorney basically handles the transaction completely. I suggested to Rocky that he seek out a real estate attorney to represent him i.e. an attorney who specializes in real estate.
Rocky had inherited the house from his Mom, and instead he decided to use the local attorney that had handled the estate. This was mistake number 1.
This attorney specialized is estate law and not real estate. While many lawyers will tell you that they can handle a real estate transaction, typically they focus their energies on whatever their specialty is. Let’s just say that, right from the beginning, what should have taken a few days ended up taking a few weeks.
As things started dragging out, Rocky decided to move out to his brother’s house before the closing took place. This was mistake number 2.
As time passed and everyone started becoming impatient with the lack of progress, Rocky started to call his attorney from his brother’s house regularly to push him a bit. This ended up having the opposite effect and ultimately the attorney stopped picking up the phone or returning calls at all. When Rocky lived right near the attorney’s office it was easy for him to just jump in the car and stop off there if he had a question or problem. Now, being an hour away, that was not easy.
As weeks started to turn into months without any progress, Rocky was left no alternative but to get in the car and drive an hour to confront his attorney and try and get the transaction completed.
He didn’t even know when the attorney would be there, so he would leave his brother’s house early in the morning, drive the hour, and sit in his attorney’s office until he showed up. His stress level was unnecessarily high, and he had to leave his sick brother alone every time he went to the attorney’s office. After having to do this maybe five or six times, he was finally able to pin down his attorney often enough to get everything ready for the closing.
We eventually closed the transaction, but not without a tremendous amount of unnecessary stress and anxiety. If Rocky had been more careful and selective about the professional he hired to represent him. his life would have been much easier. And, he would have closed much faster.
This lesson truly applies to anyone that needs to hire a pro. That could be a pro of any kind, in any field. Don’t pick someone because it’s easier or you like their personality. Hire the person who is best suited for the task. Usually, that is a specialist, rather than a generalist. (Remember the phrase Jack of All Trades, Master of none?) Do your due diligence before selecting someone to do business with and go with the most qualified professional you can find.
If you are interested in learning more about the cash home buying process or are ready to talk to Mr. Witt today about selling your home for cash, please give Long Island Cash Home Buyer a call today at (516) 330-6940 or fill out the quick property evaluation form below. We look forward to working with you to sell your Long Island Home quicker than any other alternative!
Related articles for Long Island Sellers:
- Frequently asked questions when you want to sell your house FAST for cash
- Can I sell my Long Island home “As is?”
- Do I need a real estate agent to sell my house?
- I inherited a house, What to do? Should I rent it or sell it?
- How do I sell a house I inherited – the reality behind probate on Long Island
- Learn about how our process works
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