Is the sale of real estate handled by a realtor?

Answer 1

Realtors are often the first professionals one encounters when a decision has been made to purchase real estate. A realtor can help you sell your property and help you purchase property. They know the availability of units in various categories. They can help choose a property in an area within your price range. They are familiar with all the aspects of the communities they serve. They can offer invaluable advice and will negotiate for you. They have contacts with local lenders that may help with obtaining financing. They can help buyers and sellers zero in on their particular needs and of course, they have all the contracts that the parties must sign.

The parties should always be represented by an attorney in the actual sale/purchase of the property. Realtors are not lawyers. A transfer of real property is a legal transaction that should be supervised by an attorney who specializes in real estate law in your jurisdiction who will arrange to have the title examined, all municipal charges paid before you take title, and make certain all the documents are in order.

Answer 2

Realtors are essential in real estate transactions, but they lack legal expertise. To ensure the legal and smooth execution of property deals, both buyers and sellers should hire a qualified real estate attorney. These attorneys specialize in real estate law and handle tasks like title examination and document verification. In summary, real estate attorneys complement realtors by addressing legal aspects critical to successful transactions.