Residential Real Estate Attorneys Guiding Sales And Purchases
At Marcus, Gould & Sussman, LLP, we handle residential real estate sales and purchases with the utmost care and attention to detail. We work to avoid mistakes, oversights and ambiguities that can arise in residential real estate transactions, and can cost you significant time and expense now and in the future. Our detail-oriented approach helps to prevent future litigation and other costly liabilities. With more than 60 years of combined experience, our real estate transaction lawyers are equipped to protect your interests in any type of residential real estate sale or purchase transaction.
Handling All Types Of Residential Real Estate Transactions
Our residential real estate lawyers are prepared to handle purchase and sale transactions for all types of residential real estate, including:
- Single-family residences
- Cooperatives and condominiums
- Townhouses
- Multifamily dwellings
Our approach to residential sale and purchase transactions is tailored to meet the needs of each individual client. We strive to close real estate transactions without disputes, delays and unnecessary expense.
Residential Real Estate Purchases And Sales FAQs
A well-informed legal approach can ensure a smoother transaction and help avoid unexpected issues when buying or selling a home. Below, we answer some of the most common questions about residential real estate purchases in New York.
Why is it essential to have legal representation during a home purchase or sale?
Buying or selling a home is a significant financial commitment that comes with intimidating legal complexities. In New York, specific laws govern property transfers, contracts and disclosures, making legal representation essential.
An attorney helps protect your interests by reviewing contracts, confirming the title is clear and addressing potential issues before they become costly problems. Without this guidance, you could face risks like hidden liens or unenforceable agreements, which New York courts do not take lightly.
What common issues can arise during a residential real estate transaction?
These potential pitfalls can derail Westchester and NYC area transactions:
- Title defects and undisclosed liens that could cloud ownership
- Inspection issues revealing structural problems, mold or environmental hazards
- Contract contingencies that are not adequately structured to protect your interests
- Zoning violations or unpermitted renovations in the property’s history
- Last-minute mortgage approval complications
- Boundary disputes with neighboring properties
- Co-op or condo board approval delays or rejections
- Property tax assessment challenges
- Issues with certificates of occupancy for renovated properties
These issues can disrupt the transaction or lead to legal battles.
What is the attorney’s role in reviewing and negotiating mortgage documents?
Mortgage agreements are complex and binding, often packed with terms that can confuse even savvy buyers. An attorney reviews these documents to help ensure fairness and clarity, confirming your reasonable obligations. They can also negotiate with lenders to improve interest rates, repayment terms or penalty clauses.
In New York, mortgages must comply with strict state regulations, so legal experience helps ensure the agreement aligns with local standards, protecting you from unexpected liabilities.
How can a real estate attorney help resolve buyer and seller disputes?
Disputes – over property conditions, contract terms or unmet conditions – can stall or derail a transaction. A lawyer can mediate to find a fair solution, negotiate settlements or represent you in court if needed.
By reviewing existing contracts or drafting new agreements with precise terms, lawyers help reduce the chance of misunderstandings. New York law demands clear documentation, and an attorney helps secure your position, whether you are resolving conflicts amicably or through legal action.
Contact Our Residential Real Estate Attorneys
Whether you are buying or selling a house, our experienced real estate attorneys are here to help you. Contact us today online or by telephone at 914-561-3249 to arrange your legal consultation.