What You Should Know About Real Estate Contracts in New York  

The NY real estate attorneys at Limberis Law Firm, PLLC. are necessary to represent both purchasers and sellers in the sale of real estate in New York City and Connecticut. Selling or purchasing property can be very intimidating.  It is important to make sure that there are no mistakes in the contract and that everything in it is correct and legal. This is where a skilled attorney can help.

What Role Do Real Estate Lawyers Play in the Buying Process?

Skilled real estate lawyers will know the area and be able to determine the important issues concerning the property. Real estate attorneys on Long Island can also advocate in your favor and ensure that the contract is compliant with all applicable state laws. They can also address any unique issues that might hinder the property’s future use.

Looking up Titles

A title search is another crucial function that attorneys provide to make sure the property is clear of encumbrances like liens and judgments. The title search determines whether the seller has the authority to sell the property.

Contracts

–  For a buyer:
The language in a contract can be confusing and complicated. It is always a good idea to make sure you know what you are signing, so calling an attorney is imperative. They will be able to read the fine print, let you know what is included in the contract, and make sure that the offer is legal.

– For a seller:
Attorneys that specialize in real estate, have the experience of reviewing contracts. They know what to look for and will be able to inform you, analyze the contract for any flaws, make any required adjustments, and incorporate beneficial contingencies.

What Role Does Real Estate Lawyers Play in the Selling Process?

Experienced real estate attorneys on Long Island can successfully handle this complicated process. They aid in the mitigation of potential risks and the completion of the transaction, particularly in the event of unanticipated situations.

Deal with Issues on Closing Day

Even on the closing day walkthrough, potential problems that could jeopardize a sale can arise. If a buyer sees anything they didn’t notice before, they may request a credit from the vendor.

Ensure an Effortless Process 

Keep in mind that closings must take place within a certain amount of time. Failure to handle any pre-closing difficulties properly might result in considerable losses for a buyer or seller. It could even result in the transaction being canceled.

If you are buying or selling a property it is always best to call an attorney who specializes in that field. We proudly serve in in New York City and Connecticut. Call a NY real estate lawyer at Limberis Law Firm, PLLC. today to find out more.