Nassau, Queens & New York Real Estate Law Firm
As volatility in real estate markets in has increased, so have the problems and potential for litigation when buying or selling real estate on Long Island and throughout New York. It has never been more important to have an experienced real estate lawyer help guide you through the process.
Real estate attorneys prepare contracts and advise clients with regard to financial and structural issues of both commercial and residential transactions, including clearance of title exemptions, mortgage commitment contingencies, building department and zoning regulations, variances, and change of zoning and requirements for closing of title.
A typical purchase and sale of a house begins when a seller signs a brokerage contract with a real estate agent, allowing the agent to sell the home on the owner’s behalf for a period of time. When a broker finds a buyer, they often serve as an intermediary in negotiating the selling price. A binder is then usually signed subject to attorney approval and then a more formal agreement, a contract of sale, is executed. The buyer then obtains financing, the title is researched and objections are cleared, followed by a closing, where funds are exchanged and the buyer is given title to their purchase.
Contact an experienced real estate attorney by calling Peknic, Peknic & Schaefer today. Their lawyers represent clients throughout Nassau, Queens, Long Island and New York State.