Real Estate Contracts

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Originally Posted by old goat

My experiences with lawyers is that while they know the law, the ones I've dealt with know nothing about the real estate market, negotiating terms and contingencies, what fees are negotiable as to who pays them, who does a good inspection, etc. It's in how the blanks in those standard forms are filled out that matters. I'm sure there are savvy attorneys who can handle that stuff for high end properties but that's not the pond I swim in.

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I swim in a very unique pond that includes barely existing old patented mining claims, quiet title actions that go back nearly 100 years to get right, waste dumps, multi multi million dollar properties with problems, and trailers. It keeps it very interesting. A lot of ancillary estate work too.

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Originally Posted by MakersTeleMark

As an attorney I do 6-12 FSBO's a year for clients. I charge a 1.5% fee. 9.999/10 times, even though we have standard form real estate contracts in my state, I still come up on the bottom compared to if I charged hourly for my actual time. 10/10 times the client comes out way better than if they had had a REA. And this is on both sides.

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Yeah get a contract ^^ I rest my case

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Originally Posted by MakersTeleMark

I swim in a very unique pond that includes barely existing old patented mining claims, quiet title actions that go back nearly 100 years to get right, waste dumps, multi multi million dollar properties with problems, and trailers. It keeps it very interesting. A lot of ancillary estate work too.

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Originally Posted by XXX-er

Yeah get a contract ^^ I rest my case

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If you're doing a non-standard real estate deal, yes absolutely get a lawyer. But if you're trying to purchase a single family home in boringville what value does a lawyer bring to the table that a title company doesn't provide?

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Originally Posted by Foggy_Goggles

Its a pretty narrow subset of Realtors(tm) that are true experts in those areas also. I've had awesome attorneys help me though some title exceptions of a distressed property and I've had awesome agents help me navigate though some negotiation challenges also. Hopefully that's the point, we are moving to an ala carte model?

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Originally Posted by MakersTeleMark

I swim in a very unique pond that includes barely existing old patented mining claims, quiet title actions that go back nearly 100 years to get right, waste dumps, multi multi million dollar properties with problems, and trailers. It keeps it very interesting. A lot of ancillary estate work too.

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Those are absolutely the kinds of things I would want a lawyer for, except that I wouldn't touch that stuff with a 10 foot pole. I'm having enough trouble with the next door neighbor who wants to change a 94 year old property line.

In the mountains around here, everything was neatly surveyed--by guys who did it all from a bar in Truckee. When there was a question of where the Wilderness Boundary on the backside of Olympic Valley was, for purposes of routing the gondola to Alpine Meadows, they found that the old survey defined things by landmarks that don't exist.

My experience was that most sellers are offering to pay that commission but they consider the money spent / out of their pocket. A $500k no realtor offer is as strong as a $512k offer with buyers commission.


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Originally Posted by Yukonrider

If you're doing a non-standard real estate deal, yes absolutely get a lawyer. But if you're trying to purchase a single family home in boringville what value does a lawyer bring to the table that a title company doesn't provide?

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you have a contract that will hold up to a judge/ a lawyer/ an RE agent trying to pick it apart down the road for what reason who knows what that might be but its due dilegence

So the contract does not have the wrong address or the wrong date of completion or the rong amount of $$$$$$ on the contract SO you don't look like some wanker to the purchaser who may or may not decide to try walking away or fucking you around, so you might have some recourse to sue if any of the preceding was done incorrect ?

so how could any of this shit happen ? Wrong price really ? the house 3 doors ( acty 4 doors down, see i made a mistake ) down was on the market briefly for only 97,000 $, it was a house that had been rented out for ever with much defferd maitenance but Murray the seller had forgot to put a 1 in front of the 97,000

Murray was a lawyer albeit a non-practising lawyer and so he died of brain cancer, I wouldn't e suprised if sickness and old age had anything to do with a wrong price but it happens

the ambulance chaser asked some very specific questions on an e-mail as I remember and I assume the seller somehow signed it even if only on-line, I must have signed it on-line but i don't remember, I know I just showed up in person to sign for the key on possesion day ( which was the correct day BTW )

some surveyer was famous for his laying out the small lots of burnaby heights, a Vangroovy suburb, I duno if this was before of after the Admiral hotel or Lougheed hotel and beer parlour as they were called had opened ?

This was back when a working mans house would cost in the 4 digit range ( fresh off the boat my dad bought a house in the heights for 6 K ) now its a very upscale hood next to a very expensive city with houses in the 7 figure ball park, but I digress

apparently the surveyor was famous for getting the property lines 14 ft off and this is on lots that were only 33 ft wide so how did that happen, i would assume all the houses in a neighborhood that were shot off of one wanky pin are off ?

what do we do with a drunken surveyor? Cue the sea shanty " What do we do with drunken sailor " and just change that 1 word