Oct 2, 2018

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The Basics of What a Real Estate Lawyer In Nassau County NY

Most real estate transactions require legal advice and representation even if the process is straightforward and simple. A Real Estate Lawyer In Nassau County NY can help you with the process from beginning to end. This is true whether you are a first-time home buyer or a seasoned real estate investor. Lawyers reduce the risk of serious problems and ensure the process is done properly so you have little to no stress. The following will discuss a few of the things that you can expect from a real estate attorney.

For Buyers

Whether you are buying your first piece of property as a home buyer or as an investor, an attorney can help you in the following ways.

  Explain the purchase contract and how taking title works

  Research the property for easements, covenants, liens, and anything that may be registered against the property that affects how you use it

*   Prepare legal documents and register them

  Arrange for title insurance to protect you from losses

*   Work with your bank on the mortgage and see that the terms are clear and make modifications as needed

  Examine adjustments like utilities, taxes, and other costs that may be due on the property before closing

*   Secure valid ownership for the property for you that is subject to only the liabilities you have approved in writing

*   Be present at the closing to review paperwork before you sign anything

For Sellers

Investors and homeowners that are selling their property should also expect quality legal services to protect their interests. These are some of the thing a lawyer can do for sellers.

  Make arrangements for security deposit transfers

*   Secure insurance certificates when necessary

  Review the binder, prepare and/or review the sales agreement and aid in negotiating when needed

  Go to the closing and review papers before you sign off on anything

*   Handle any issues throughout the process of selling the property

*   Prepare a power of attorney or deed when necessary

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