• real-estate-contracts

Real Estate Transactions and Contracts

Contract Negotiations
Commercial – Buy or Sale
Liens
Personal Property
Deeds
Real Property
Residential – Buy or Sale

A real estate closing is often a nerve-wracking experience for both the buyer and seller.

“The seller is selling decades and a lifetime of memories in addition to the brick-and-mortar of what makes up the house. The buyer is taking on a big commitment both financial and emotional.”

The closing date is the end of the whole process but there is what seems like a marathon of events that happen before you even get to the closing table.

Hiring a great attorney and that marathon will feel like a breeze in the park. Real estate contracts tend to be full of legal jargon that can be difficult for the average person to understand.

However, if you have selected the right attorney to assist you with the real estate transaction, he or she can help relieve the stress of the closing by ensuring that all of your documents are prepared correctly and ready to sign.

Selecting the right real estate attorney will go a long way to ensuring that your home buying or selling process is a smooth one. Start searching for a real estate attorney early.

Start searching for a real estate attorney at the same time you start searching for a new home. You need time to find a good real estate attorney, otherwise, at the last moment, you will have to pick one without any research. Let me help you navigate the dangerous waters of buying or selling your home or commercial building. I strive to make your experience smooth and enjoyable.

“A good attorney can be a valuable asset in real estate transactions and contract disputes. They can provide a range of services to ensure that transactions go smoothly and that your absolute best interests are protected.”

Elisa Treglia Esq.

How Can A Good Attorney Help Real Estate Transactions?

Reviewing and Drafting Contracts

A real estate transaction often involves the exchange of a significant amount of money and assets. A good attorney ensures that the contracts and agreements related to the transaction are legally binding and enforceable. They’ll review contracts and agreements drafted by the other party or draft their own to protect your interests.

For example, a real estate attorney can draft purchase agreements, lease agreements, and option agreements, among others. They can also review and negotiate terms related to the sale price, financing, closing costs, contingencies, and any other key provisions that may impact the transaction.

Negotiating and Structuring Financing

Real estate transactions often involve financing, whether it’s a mortgage, a commercial loan, or some other type of financing. A good attorney can help negotiate and structure the financing to ensure you’re achieving best possible terms and that the financing is appropriate for your needs.

Title Search and Examination

A real estate transaction also involves the transfer of ownership of the property. A good attorney can help ensure that the title to the property is clear of any liens, encumbrances, or other issues that could prevent you from taking possession of the property. A title search and examination ensures that the title is marketable and that there are no outstanding claims against it.

If issues are discovered during the title search, a good attorney can help resolve them or advise you on how to best proceed. For example, if there is a lien on the property, your attorney can help negotiate a release or ensure that the lien is satisfied before the transaction closes.

Resolving Disputes

Real estate transactions can be complex, and disputes can arise at any stage of the process. A good attorney can help resolve disputes between the parties involved, whether it’s a disagreement over the terms of a contract, a title issue, or some other issue that arises.

For example, if there is a dispute over the purchase price, the attorney can help negotiate a resolution that is acceptable to both parties. If there is a dispute over the title, your attorney can coordinate a title search to resolve the issue or advise you on how to proceed.

Provide Legal Advice and Guidance

A good attorney can also help you make informed decisions based on your legal rights and obligations. It’s important to have someone in your corner who understands the legal requirements and obligations related to the transaction, as well as any potential risks or liabilities.

For example, your attorney can advise you on the legal implications of contingencies in the contract, such as a contingency related to a property inspection. They can also advise you on any legal issues that may arise during the due diligence process and provide guidance on how to address them.

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