Experts Questions and Answers

Joanne McPhail
Read Joanne McPhail's Blog Go to Joanne McPhail's Website
Follow Joanne McPhail on Twitter

Should I have my lawyer review my offer before accepting? If so, why would it be a good idea? Is there an extra cost for this service? I have heard that it is a wise idea. Thank you.

posted by Carolyn to Joanne McPhail  ::  Views (11313)
Hi! It is a good idea to have your lawyer review your offer. There is usually not an additional cost to this, if you are using the lawyer for the transaction, unless he/she is required to get involved with negotiations or major changes to the Agreement. Usually, this is not the case, as the agent is usually very well trained in drafting agreements of purchase and sale. The lawyer would be a "second look" at the Agreement, prior to finalizing, just in case there is something that could be added for your protection or perhaps an issue could be raised that had not yet been contemplated. I hope this assists with your question! I'm sorry it took me so long to answer, as I was away on vacation! If you have any other questions, please do not hesitate to contact me! Joanne