Wednesday 26 February 2014

From a legal prospective, what are the primary questions I should ask when attending an open house

Question

From a legal prospective, what are the primary questions I should ask when attending an open house



Answer

I suggest that you save the legal questions for the time when you are about to make an offer. Have a lawyer review the contract BEFORE you sign it.

Open houses are meant to be an introduction.

At the open house, ask all the questions about the property, its features, what's included or not, anything that is deal breaker or a must-have for you, etc. If any of those things are a turn off, why go any further? If you still are interested in the property after hearing and seelng everything, then proceed to the next step. If the Realtor or broker is pressuring you to sign an agreement/contract immediately, be very careful and insist on taking a copy of the document and its attachments and all other papers (promotional, information sheets, your print-out of the online listing) with you.

THIS RESPONSE IS NOT LEGAL ADVICE, SINCE I DO NOT HAVE ALL OF THE INFORMATION THAT WOULD BE REQUIRED, AND I DO NOT HAVE A REPRESENTATION AGREEMENT WITH YOU.

* If the answers to your question confirm that you have a valid issue or worthwhile claim, your next step should almost always be to establish a dialog with a lawyer who can provide specific advice to you. Contact a lawyer in your county or township.

* Another reason for contacting a lawyer is that it is often impossible to give a good answer in the Internet Q&A format without having more information. The unique circumstances of your situation and things that you may not have thought to mention in your question may completely change the answer. If you want to be sure that you have a complete answer to your question and an understanding of what that answer means, establish a connection with a lawyer who practices in the area of your concern.



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