Real estate transactions are complex matters often involving multiple parties and numerous issues beyond the property description
and the sale price. While the parties to commercial transactions are typically sophisticated, those buying and selling residential
property often have little experience despite the significance of the event. Besides the parties themselves, participants in real
estate deals include realtors, lenders, title companies, home inspectors and surveyors, among others. Although realtors may be
helpful to the buyer or seller, they are seldom in a position to represent either side’s legal interests. They also have a
financial investment in the transaction inasmuch as their commissions are based upon the sale price. Sound and timely advice from
counsel knowledgeable about matters including contract terms, title issues and inspection/disclosure questions can minimize
problems.