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Old 2014-04-01, 11:23 PM
hello2adi hello2adi is offline
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Default Buying a new House, when to hire a lawyer?

We just booked a new house. The builder signed the contract the next day and gave us our agreement.
I wanted to know if we should involve a lawyer to go over the agreement or not.

We are told that once builder signs the agreement, our deposit money is gone. So, I dont know if getting a lawyer involved now will do any good except that we are spending $$ on lawyer fee.

Can someone please advise.
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Old 2014-04-01, 11:35 PM
BlkStnBerk2 BlkStnBerk2 is offline
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I'd get the lawyer to go over the contract for sure. We didn't pay anything extra on top of our lawyer's fees at closing, for this service.

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Old 2014-04-01, 11:39 PM
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GregS GregS is offline
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You should have a lawyer review the agreement prior to your signature.
Many real estate lawyers will know what to add, what to remove, what to change.

If you have already signed it, then you are then bound to everything in it that within the law.
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Old 2014-04-02, 04:19 PM
WellThatsLovely WellThatsLovely is offline
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If you and the builder have both signed, legally you've "lost" your deposit (but it's not unheard of to get out of a new home contract this early into things if you truly regret your purchase because most builders don't want to deal with nervous people with buyer's remorse, they get annoying lol)
Lots of real estate lawyers do nothing but new home purchases and will give you a flat rate and hold your hand throughout the whole process, so look around now so you have someone to go to if you run into any problems with your builder.
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Old 2014-07-03, 04:02 PM
Pvo Pvo is offline
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When we bought a new home we had 5 or 10 days to review with our lawyer at which point we could back out.

Either way, still good to have them review..
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