What Real Estate Attorneys Do For Buyers and Sellers
Understanding the Role of a Real Estate Attorney
Buying or selling property in New York can be a complex process. While real estate agents handle many aspects of the transaction, the team at The Donaldson Law Firm, PLLC has handled hundreds of closings so we can provided you with essential legal expertise to protect your interests.
Services for Buyers
Contract Review: Real estate attorneys meticulously examine purchase contracts to identify potential issues, protect your rights, and negotiate favorable terms.
Title Search: They conduct thorough title searches to uncover any liens, claims, or encumbrances on the property, ensuring clear ownership.
Closing Coordination: Your attorney handles the closing process, reviewing and preparing necessary documents, and ensuring a smooth transfer of ownership.
Financing Assistance: They work closely with lenders to review loan documents and protect your interests during the mortgage process.
Services for Sellers
Contract Preparation: Real estate attorneys draft comprehensive sales contracts that safeguard your interests and comply with New York State laws and customs.
Title Clearance: They work to resolve any title issues before closing, ensuring a smooth transaction for sellers.
Closing Coordination: Your attorney handles the closing process, including preparing necessary documents and distributing funds.
Tax Implications: They can provide guidance on potential tax consequences of the sale and recommend strategies to minimize your tax liability.
Why Hire a Real Estate Attorney?
Protection of Interests: Real estate attorneys safeguard your rights and protect you from potential legal pitfalls.
Expertise: They possess in-depth knowledge of real estate laws and regulations in New York State.
Peace of Mind: Having an experienced attorney by your side can alleviate stress and provide reassurance throughout the process.