A New York Real Estate Attorney on Real Estate Transactions
While there are many possible legal issues in real estate transactions, at the end of the day it comes down to making the deal. A qualified real estate attorney who focuses on real estate transactions can help navigate you through the murky waters of complicated paperwork and straight through to the closing of escrow.
Depending on the needs of the seller and buyer, and the nature of the property,
your real estate lawyer might suggest:
An option to purchase
A lease option
A lease purchase agreement
Each has distinct advantages and limitations and your attorney can help figure out which one is right for you.
Receiving the appropriate, and best financing available involves a thorough procedure including:
Assessment of the borrower’s circumstances
Gaining pre-approval from the lender
Gathering and submitting all required documentation
Explaining all the necessary legal disclosures
Title disputes typically arise when co-owners of property, adjacent property owners, or other parties with competing interests cannot reach an agreement. An experienced real estate attorney will strive for an out of court resolution, but will litigate if
necessary with regard to:
Fraudulent transfer of deed
Due diligence is a matter of the potential buyer being aware of everything about the property they are considering. A physical inspection is required, as well as a non-physical inspection to consider possible issues. Title, zoning, and location in a flood zone, are only a few of the issues that may arise. Due diligence for commercial properties requires more time because a complete understanding of the financial condition of the property is necessary.
Contact Us Today
Protect your investments with knowledge. Understanding all of the legal ramifications in a transaction will allow you to make the best decisions possible. For all real estate related matters, call an experienced real estate attorney focusing on real estate transactions at 212-390-8872.