Buying or Selling a Home in New York City
EXPERIENCED LEGAL HELP FROM THE REAL ESTATE LAWYERS AT STRAZZULLO LAW FIRM
A home is the largest investment most Americans will ever make. With the skyrocketing price of housing in New York, it is often the greatest source of wealth for many New York families. Avoid costly mistakes that can strain your budget and your patience. Work with an experienced New York real estate lawyer for the purchase or sale of your home. Contact the New York law office of Strazzullo Law Firm.
Why Buyers Should Work with a Real Estate Lawyer
A real estate agent can help you find and evaluate a potential home, but an agent works for the seller and is primarily interested in closing the sale. The real estate purchase agreement an agent prepares may not be as favorable to you, the buyer, as one prepared by a lawyer who has only your interests at heart.
Before you sign a real estate purchase agreement to buy a home, talk to a lawyer. Your real estate attorney may suggest changes to the real estate purchase agreement to protect your financial interests and ensure you receive what you expected. For example, your attorney may specify that you have the right to cancel your purchase and get a full refund of your deposit if you receive an unsatisfactory inspection report. Your Strazzullo Law Firm real estate lawyer will:
- Attend the closing to ensure all documents and calculations are correct
- Let you know what to expect in closing costs, and which costs are tax deductible
- Ensure your purchase agreement specifies conditions under which you can cancel your purchase
- Conduct a title search and advise you of any limitations on title to your home and property
Why Sellers Should Work with a Real Estate Lawyer
Although sellers have a real estate agent working for them, sellers can still benefit from the help of a real estate attorney. If you believe there may be title problems with your property, or a lien, have an attorney check it out before you put your home on the market. If you are selling a home for elder family members, you may not know the full history of the house. Be sure the deed is clear so your sale goes through smoothly.
Are there existing problems with the home? Are there any unusual conditions that must be satisfied, or requirements from the seller or purchaser? Why not have an attorney review any changes made to the real estate purchase agreement to ensure that it will stand up in court.
Are you selling investment property? Allow our real estate lawyer to explain the option of a 1031 exchange to defer capital gains tax.