Bronx, New York
3397 E Tremont Ave
Bronx, NY 10461
(718) 822-0500

Why You Should Hire an Attorney When Buying or Selling Property February 7, 2019

Bronx, New York City, NY
Why You Should Hire an Attorney When Buying or Selling Property, Bronx, New York

Buying and selling property in the fast-paced New York real estate market is intimidating. To protect your financial interests at every stage of the transaction, enlist the help of a real estate attorney from day one. Here are just a few reasons why all buyers and sellers should seek legal counsel before proceeding with a property sale. 

3 Reasons to Hire a Real Estate Attorney 

1. Drafting, Reviewing & Modifying Contracts

The documents involved in real estate transactions are complicated. Seek help from professionals when it comes to creating, evaluating, and revising them. Having an attorney assess paperwork at every step of the process may save you money in the long run. With the help of a lawyer, for instance, sellers are less likely to sign off on a faulty brokerage agreement that leaves them liable for commissions even if the sale falls through. 

2. Mitigating Potential Issues

real estate attorneyIf you hire a lawyer from the start, you’ll be well-equipped to handle complex real estate transaction problems, like title disputes and zoning issues. They’ll also help you craft a contract with riders based on the results of your home inspection and walk you through any contingencies. If an unanticipated problem does arise, your attorney will use their extensive knowledge to develop strategies to resolve the matter quickly. They’ll also aid you in preparing documents for loans. 

3. Fulfilling Legal Requirements

New York state law requires that either the principal – that is, the seller – or their attorney draw up the contract. Additionally, only a licensed lawyer can receive compensation for preparing mortgages, deeds, leases, and other vehicles essential for completing real estate transactions, which means agents can’t help you with this part of the process. If you’re a buyer, don’t rely on the seller’s attorney to provide a fair contract. Hiring your own lawyer will level the playing field and ensure your best interests are represented. 

 

If you need a real estate attorney in New York, turn to Stephen B. Kaufman, P.C. Based in the Bronx, NY, this lawyer has been serving the community in which he was born and raised for more than four decades. As a knowledgeable real estate attorney, he has a track record of successful outcomes for his clients. He also practices elder law, estate planning, and personal injury law. To schedule a free no-obligation consultation, fill out the form on his website or call (718) 822-0500.

Other Announcements, Events and Deals from Stephen B. Kaufman, P.C.
3 Estate Planning Mistakes to Avoid, Bronx, New York
Estate planning plays an important role in every adult’s life. A well-crafted and carefully managed plan will ensure your wishes are fulfilled in the event of incapacitation or death...read more
Why Doctor’s Appointments Are Crucial to Personal Injury Cases, Bronx, New York
If you’re not experiencing any sharp, shooting pains, you might want to simply stay home and rest after a personal injury. However, seeing a doctor could significantly improve the ou...read more
3 Steps to Take Before Meeting With Your Personal Injury Attorney, Bronx, New York
If you were recently hurt in an accident due to the recklessness or negligence of another person, you might be looking for ways to take legal action against them. Hiring a personal i...read more
3 Tips for Avoiding Sibling Conflict When Estate Planning, Bronx, New York
When you prepare a will or trust, your main goal is to leave something behind for loved ones. However, the division and distribution of a parent’s estate can sometimes generate confl...read more
3 Signs a Senior Loved One Is Being Financially Abused, Bronx, New York
If you have a senior loved one in your life, it’s crucial to learn about the signs of financial abuse. This unfortunate occurrence refers to situations in which vulnerable, elderly i...read more