In the state of Massachusetts, all residential real estate transactions require attorney involvement. Naturally, buyers and sellers cannot share counsel because they have competing interests. Buyers and lenders, on the other hand, can consult the same real estate attorney because both parties ultimately want to secure a fair purchase price. Whether you intend to buy or sell property in the Bay State, here’s what you can expect from your lawyer. 

When Buying Property 

When representing a buyer, the attorney’s primary goal is to protect the client’s investment. As such, the lawyer will negotiate the terms of the sale with the seller and then review and modify the contracts if necessary.

Your attorney will also handle all correspondence with the lender to ensure a timely closing. If any disputes arise between submitting the Offer to Purchase and signing the closing documents, a strategic real estate attorney will know how to resolve them as swiftly and favorably as possible. If the inspection reveals the need for costly repairs, for example, your attorney might renegotiate with the seller for a lower purchase price. 

When Selling Property 

Selling a home can be challenging, especially if the property is older. Considering the average house in Massachusetts is more than half a century old, you may be anticipating some hurdles when it comes time to put your property on the market. The right lawyer, however, can relieve much of the stress that comes with selling.

When representing sellers, attorneys will negotiate the terms of the deal, draft the Purchase and Sales agreement, and resolve any title issues so their client can deliver a marketable title. They will also obtain the mortgage payoffs and draft any other documents the seller needs, like closing disclosures and quitclaim deeds. 

For help navigating a real estate transaction, turn to Bernardini Law P.C. in North Andover, MA. This firm is equipped to handle both residential and commercial contracts. The full-service practice can assist with closings, condominium representation, and document drafting and reviewing. To request a consultation with a real estate attorney, reach out on their website or call (978) 794-5525.