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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?
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