Purchasing a new home is an exciting and challenging task. The excitement of moving into your new home can become tempered by all of the work and potential legal complications that might arise during the process. Whether you are purchasing or selling a home in Garden City, New York, hiring a residential real estate attorney can be helpful.
Many homeowners do not hire a residential real estate lawyer to save money. There are several risks that come with not hiring a residential real estate lawyer. In addition, there are many benefits that come with hiring a New York residential real estate lawyer. Are you purchasing a home in the Garden City, New York area? If so, the lawyers at Thomas Weiss & Associates can help. Contact us as soon as possible to schedule your initial consultation.
- Less Work for You
One of the most important benefits of hiring a residential real estate attorney is that it will decrease your workload. You will feel a burden lifted off of your shoulders when you hire a real estate attorney. Your attorney will take charge of your residential real estate transaction on your behalf. Your attorney will review all of the legal paperwork related to your transaction.
You will also have greater peace of mind knowing that you will not unintentionally sign an agreement that will not benefit you and your best interests. Without a trained lawyer reviewing your transaction, you will not know for sure whether or not the other party is taking advantage of you. When you hire a residential real estate attorney, you can rest assured that the transaction will be beneficial for your interests and compliant with New York’s real estate laws.
- Resolve Complex Issues
Many people assume that people only benefit from a real estate lawyer when engaging in a commercial real estate transaction. This is not true, however. Many residential real estate transactions can become complicated rather quickly. There are many different legal issues that can come to the forefront, including partnerships and mergers.
At Thomas Weiss & Associates, our lawyers are trained to recognize potential legal and financial problems that can arise in a residential real estate transaction. We can also handle all of the legal issues involving the HOA and review all of the legal documents involved in your transaction. We will help you close the transaction and handle everything having to do with the legalities of your transaction.
- Benefit from an Assertive Negotiator
You are probably busy working and living your life and possibly raising children. You probably do not have time to enter into negotiations with the buyer or seller during a residential real estate transaction. Many people do not have the skills or desire to negotiate in a residential real estate transaction.
Indeed, most people do not negotiate very seriously when it comes to buying or selling their home, even though their home is often their most valuable asset. Purchasing a home is often one of the biggest purchases you will make throughout your life. The attorneys at Thomas Weiss & Associates are experienced and assertive negotiators. We will take on the negotiation of the purchase price of your home in an effort to get you the best price possible.
- Reduce Your Legal and Financial Risks
The chances of potential legal issues and risks will increase immensely if you do not hire a real estate lawyer to advocate on your behalf. You may not have all of the necessary knowledge to purchase or sell a property, which can lead to increased financial and legal risk. For example, you could face a lawsuit for not disclosing enough details and information about your property.
You could face issues with the title not being clear. Or, your home inspection might uncover serious potential problems. When you are holding down a full-time job and taking care of all of your other responsibilities, it can be hard to closely monitor the long process of selling or purchasing a residential home. The smart thing to do is to hire an experienced residential real estate lawyer as soon as possible.
- The Other Side Might Hire Legal Representation
In some residential real estate transactions, the other party will hire an experienced lawyer to represent their interests. You do not want to be the party without a lawyer when you are about to sign a complex contract that will greatly affect your life. When the other side of the contract has someone protecting their legal rights, you need someone protecting your legal rights.
- Your Attorney Will Help You Negotiate the Terms of Your Contract
In addition to negotiating the purchase price, an attorney can help you negotiate the terms of your real estate contract. Many residential buyers and sellers assume that they will just use a boilerplate contract and make small changes to the contract. These boilerplate contracts do not always protect your best interests.
You can negotiate the terms of your residential real estate contract. Negotiations during a real estate transaction are not only about the price of the home. You could also negotiate to change the language of the contract surrounding the period of due diligence relative to your earnest money. If you want anything changed or evaluated in your residential real estate contract, you will need to speak to and hire an experienced lawyer. A skilled lawyer can also review any HOA or CC&R documents related to your transaction to make sure that your intentions for your home align with the restrictions imposed by the HOA.
Contact Our Experienced Residential Real Estate Attorneys
If you are a buyer or seller of a residential property, hiring an experienced real estate attorney can be extremely helpful. At Thomas Weiss & Associates, we will represent your best interests throughout the entire home buying process. We will ensure that you are not taken advantage of when buying or selling a home. Contact our law firm today to schedule your initial consultation as soon as possible.