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Buying or selling a home is one of the biggest financial decisions that most people will ever make. While many residential real estate transactions go through without a hitch, the truth is that it’s always necessary to have an experienced attorney in your corner who can advocate for your interests at each step of the process. If you are buying or selling residential real estate in New York, our firm is here to help. Contact an experienced Rockland County residential real estate lawyer from the Law Office of Peter A. Hurwitz, PLLC today.
Buying Residential Real Estate in New York
When purchasing a home, buyers generally have an attorney review or prepare the contract of sale before it becomes legally binding, which makes legal representation an important part of the home-buying process from the very beginning. Even if everything appears to be moving forward without any problems, issues involving title, financing, inspections, zoning, or the property itself can occur before closing, which is why it’s best to have an attorney in your corner from the start. A lawyer can assist buyers with many aspects of a residential real estate transaction, including the following:
- Reviewing and negotiating the contract of sale
- Explaining financing, inspection, and appraisal contingencies
- Conducting or reviewing the title search
- Identifying and resolving liens or title defects
- Reviewing surveys and property boundary issues
- Explaining easements, restrictive covenants, and zoning concerns
- Coordinating with lenders, title companies, real estate agents, and other parties involved in the transaction
- Reviewing closing documents before they are signed
- Representing the buyer throughout the closing process
Selling Residential Real Estate in New York
Selling a home is every bit as involved as purchasing one. While many sellers understandably focus on finding the right buyer and negotiating the purchase price, there are also several legal issues that should be addressed before ownership of the property is transferred. Contracts need to be reviewed, title issues should be resolved whenever possible, and various documents must be properly prepared before closing can take place. A residential real estate attorney can assist sellers by:
- Preparing or reviewing the contract of sale
- Negotiating proposed revisions to the purchase agreement
- Identifying and resolving title defects before closing
- Coordinating mortgage payoff information
- Preparing the documents required for closing
- Reviewing inspection-related requests and negotiations
- Working with the buyer’s attorney, lender, title company, and real estate professionals throughout the transaction
- Representing the seller during the closing and ensuring ownership is properly transferred
Home sellers should also understand that certain disclosure requirements may apply during a residential real estate transaction. While state law permits sellers in many situations to provide the applicable statutory credit instead of completing the Property Condition Disclosure Statement, every transaction is different, and it is important to understand which requirements apply before moving forward.
An attorney can explain your legal obligations, help prepare documentation, and work to avoid issues that could stall closing or lead to issues after the sale has already been completed.
Contact a Residential Real Estate Lawyer in Rockland County, NY
At the end of the day, some closings proceed exactly as planned, while others involve unexpected legal or financial issues, so regardless of whether you are buying your first home, selling your current residence, or purchasing another property, having an experienced residential real estate lawyer on your side can make the entire process considerably less stressful. Contact the Law Office of Peter A. Hurwitz, PLLC today so we can discuss your situation and help ensure your real estate transaction moves along as smoothly as possible.
