Traditional Sale or Conventional Sale

Realtor and Real Estate Attorney-Traditional Sale or Conventional Sale-Helping You Sell

Before 2007 it was likely that you hadn’t heard of the terms “traditional sale” or “conventional sale”. This is because there were not that many distressed properties for sale, foreclosures were few and far between and were sold quietly and short sales were unheard of.  Distressed properties are those whose homeowners have fallen behind in their mortgage and their homes are being sold either as a short sale or the bank foreclosed on their home and is now selling it as a foreclosure or “real estate or corporate owned” (REO).

A traditional sale or conventional sale  is what most people who have previously bought property are used to. Either the home is owned out-right (meaning there is no mortgage owed) or the seller owes less on the mortgage than fair market value.

Protecting Your Interests

Whether you are selling your home to trade up to a larger home, downsizing now that your children are out on their own, or relocating to a different area an experienced real estate attorney like Sarah Litchney can provide you with insight and legal guidance from start to finish.

If you are buying a home, attorney Sarah Litchney can;

  • Explain the terms of your purchase contract and explain how to draft your offer to best protect your interests.  She knows how to make sure you are protected.
  • Protect you from hidden liabilities with respect to your new home, including issues with defects, disclosures or repairs that pop up after close of escrow.
  • Review real estate documents that relate to your title, mortgage and taxes.
  • Register legal documents pertaining to your real estate transaction.
  • Ensure that you possess valid ownership documentation.

If you are selling a home, attorney Sarah Litchney can;

  • Review the terms of the purchase contract and advise on any counters or addendums required from the buyer.
  • Advise you on the disclosures you are required to make to the buyer to make sure you are best protected from any future lawsuits from the buyer.
  • Ensure that your purchase and sale agreement terms properly protect your interests.
  • Review any title issues that may come up including any liens or judgments recorded to the property.
  • Represent you during negotiations with the buyer.
  • Facilitate the closing.
  • Write legal demand letters if necessary
  • Negotiate with lenders (for short sales)
  • Review short sale approval contracts and affidavits that you are required to sign (for short sales)

Attorney and Realtor Sarah Litchney is fully equipped to assist you with all of your real estate related needs. Call now to learn more about the real estate law services available to you and to schedule your free attorney consultation.

We are experienced Sacramento Real Estate Attorneys and Sacramento Realtors. We are a unique and powerful combination and can help you buy Sacramento Real Estate homes or sell Sacramento Real Estate homes with proven results, legal advice and the strategy needed to give you the results you want. Contact us today by clicking HERE or by calling 916-378-5760. We look forward to helping you with all of your Sacramento real estate needs.