Once you have accepted an Offer To Purchase, you need to hire an attorney to represent you throughout the sale process. We are still your real estate representative, but your attorney will write up the legal documents and negotiate the wording on your behalf.
It’s critical we all stay in close touch during the time between your offer being accepted and final closing, so you’re equipped with all the information and updates you need to make smart decisions and not be overly stressed about the process. Being in Massachusetts which closes transactions using attorneys, there are quite a few pieces to the puzzle of finalizing the purchase and sale of a home. Don’t worry! We’ll drive the process for you and let you know what you need to do and when.
Massachusetts real estate sales are closed using attorneys - the seller and buyer each having their own. We always recommend using an attorney who is familiar with the real estate process as each attorney has their own area of expertise. We can definitely recommend some attorneys to you if you don’t have one you have used in the past or one who has handled real estate transactions.
It is important to hire an attorney quickly as you must have a Purchase & Sale Agreement in place and signed by the date in the Offer To Purchase or the whole deal can fall through.
A good attorney will walk you through the legal process and answer any questions you have along with representing your best interests. Be on the alert to any communication from your attorney and respond in a timely manner to their requests.
Most attorneys have a “standard rate” for real estate sales and will give you a list of closing costs you will need to pay outside of the closing transaction funds. Make sure you have these funds liquid and available to transfer in whatever way your attorney requires.