Buying and Selling Property in Virginia without a Realtor

The selling and buying of a property in Virginia, which you want to keep as a potential investment or to build your dream home could be an overwhelming process. In fact, it would turn out to be a full-time job. For most of the people, a convenient way to fulfill this task is to hire the help of the expert realtors to deal with this time taking a job and the most important and minute specifications of the entire process of selling or buying in Virginia. Realtors could proficiently take this burden of yours onto their shoulders by looking into the details of the entire process of buying and selling property in Virginia and assisting you to get the best possible deal according to your requirements. It would be completely understandable that a property is among one of the largest investments a common man would mostly make therefore you must not worry about being judged by others if you are tend to be somewhat extremely cautious in making the selection for the realtor and further legal assistance in the process of buying and selling the property in Virginia.

You must always remember that a realtor and a real estate agent is not the same person. Similarly, a realtor is not a lawyer because he cannot offer you legal advice related to the matters of buying and selling property in Virginia. To become a realtor, a real estate agent must hold and active real estate license form a competent school and undertakes to abide by the specific ethical codes associated with their service and eventually become a member of the National Association of Realtors (NAR).

In contradiction to few other states, Virginia does not necessitate a seller or a buyer to hire a property lawyer in the transaction for buying and selling property in Virginia. However, although it is not mandatory but you might want to involve a property lawyer as you might require a legal advice at some point of the entire process of buying and selling property in Virginia, for instance, the person who is selling the property in Virginia might require a property lawyer to assess the final agreement or provide you with the assistance in closing details. A seller would require a property lawyer to provide assistance in drafting the contract of lease in case your plans are to rent back your property for an extended duration after the closing of the deal or in case a problem surfaces on the title report, for instance, a lien is applicable on the property. Finally, if you have decided to sell you property without hiring the services of a realtor, it would be advisable to consult a property lawyer who could assist you with the legal process of paperwork. Similarly, as a buyer, you could consult with a property lawyer in case you are purchasing a property within a planned unit development with wide-ranging covenants, conditions, and restrictions (CC&Rs)or you may be buying a joint property and might require legal assistance in developing a co-buyer contract. The help of a property lawyer could also be needed in case any problem arises at the stage of escrow or the house closing.