Buying a home is very stressful. The process is complicated and the documents to understand are numerous and confusing. Your dream house can easily become a nightmare even before you own the house.
Real estate agents owe fiduciary duties to the party they represent, but it sometimes seems like an agent is more interested in collecting his or her commission than to getting his or her client the best deal possible.
Fortunately, most residential real estate transactions are fairly easy. If you do not understand that language used in the documents, you are well advised to hire an attorney. The attorney only will represent you and only have your interests in mind. It will cost more, but, the benefits are significant. We learned of a recent instance where a buyer did not understand the significance of the words “as is.” The buyer’s new house is so riddled with termites and termite damage that the house is in danger of collapse, and the seller is responding, “You agreed to purchase the house ‘as is.'”