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Real Estate

Whether selling your own home or the home of a loved one who has died, it is a good idea to have an experienced real estate attorney involved from the beginning of the process.  Issues may arise during the course of a sale that can significantly prolong or impede the process.  For instance, there may be title issues as a result of a death in the family.  Often the home has been owned for many years and changes have been made which require certificates of occupancy or other permits.  Failure to have the proper documentation for these items can significantly delay a sale.  Frequently, a mortgage or other loan has been paid off but the lien was never satisfied as of record.  These, as well as other matters, are more easily resolved if addressed as early in the process as possible.  If not, they can delay the closing and eat into the seller’s profit. In addition, the recently enacted Property Condition Disclosure Act further complicates the sale of property.  Sellers are now asked to complete and sign a detailed questionnaire about the condition of the property.   This document has significant legal consequences that need to be addressed. Purchasing a home is one of the most important and stressful things a person will do in his or her life.  From the beginning, a buyer needs to be aware of hidden costs. Although lenders will disclose most fees, these are not the only costs involved.  Buyers need to be aware of all the fees and expenses when shopping for a house or a mortgage.  They also need to know as much as possible about the condition of the property they are purchasing. Both sellers and buyers need an experienced attorney who is going to represent their interests and guide them through the maze of brokers, engineers, lenders, contractors, appraisers and title closers. The wise buyer or seller will want an attorney on their team as soon as they decide to buy or sell. To receive a free copy of A Simple Guide to Understanding the Complexities of Elder Law – a helpful booklet we distribute to our clients which contains definitions and explanations of some important terms – please contact us.