The Dangers of DIY Real Estate

The Dangers of DIY Real Estate

These days it’s relatively simple to find do-it-yourself (DIY) resources which aim to make life easier and more convenient.? There are even products designed for real estate and other legal transactions.? While this option may be appealing to someone trying to save money, an unsuspecting home buyer or seller could use a DIY product only to find that they have made serious and expensive mistakes.? While it is understandable that most people want to save money when buying or selling property, there can be significant drawbacks when you enter into a real estate transaction without the right advice.

DIY will not Apply to Everything

Do-it-Yourself real estate services tend to be designed for a limited number of relatively uncomplicated situations.? However, in these types of transactions, one-size-fits-all rarely applies.? When it comes to people and property, there are a range of issues which have legal implications.? A real estate transaction which looks straight-forward on the surface can quickly become mired in complex problems a DIY kit is not equipped to address or fix.

DIY Does Not Guarantee an Agreement

Another problem those using a DIY kit often encounter is that both parties to the transaction have to agree to use certain documents.? Just because you pay to get access to forms and agreements does not mean the other party will be okay with using them.? If the other party has a realtor and especially if they have an attorney, you will probably encounter significant opposition to using manufactured documents.

DIY is no Match for a Realtor or Attorney

Other important considerations arise when choosing to DIY your real estate transaction without a realtor or attorney, especially if the other party has one or both of these professionals.? A real estate transaction is about negotiation and complying with property law.? Professionals who are trained and experienced in this area are going to know how to use the process to their client?s benefit.? Without an advocate, you could be at a serious disadvantage.? Further, without advice, you could end up making unreasonable requests such as asking too much for property or offering too little. ?Additionally, if your inexperience makes the transaction difficult, you could end up losing the deal.

While DIY kits may cover the user?s basic needs, most real estate transactions have far more aspects than these products were designed to address. Ideally, you will have a realtor and attorney to help ensure that your interests are protected so you can successfully complete the process.? Attorney Laura B. Bramnick is an experienced Arizona real estate attorney who has the expertise to protect your interests during your real estate transaction.? If you are seeking an exceptional, client-driven real estate lawyer in Scottsdale, Phoenix, Sedona and throughout the state of Arizona, contact Laura B. Bramnick to schedule your consultation.

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