I have quite a few years experience working in real estate in several different capacities and have seen a lot of different situations. If I understand you correctly, you have no representation and are somewhat naive as to the process of purchasing a resale. The listing agent represents the seller and will do whatever the bank wants done at this point to push the sale to a close and collect the commission. And, probably since you have no agent, the listing agent is receiving the entire commission and is even more motivated to push this deal through even though you haven’t received all the inspections and disclosures.
If you were my relative, I would at this point advise you to pay a broker a fee to advise and guide you through the remainder of the process. I’m not so sure you need a lawyer as an experienced broker should be able to read and decipher the clauses in the boilerplate contract the bank is probably using. You need to make sure you don’t do anything like sign away your rights and end up with a major defect like a cracked slab, a cloud on title, etc.
You might consider contacting any one of the 3 realtors that post to this sight – SD Realtor, sd realtor, and Jim Klinge – to see if you can arrange a fee based short-term arrangement. I’m also a broker (not in the resale business) and I see them all as ethical and informed and they appear to put the clients’ interests at the forefront. Do not rely on the loan rep – their interest is to close the loan and get the commission. And do not just arbitrarily select some broker. You can google Jim, and I think SD Realtor’s e-mail is floating around this website in several locations, adam something or another. I don’t know exactly who sd realtor is. Perhaps some other Piggintonians can supply the e-mail addresses.
I recall you are an M.D. so think of this as a consultation fee. Best of luck to you.
