Why Use A Lawyer for Real Estate Transactions? | Long Island Attorney

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The state of New York does not require homebuyers to retain the services of a lawyer, but it is an almost universal practice to do so. Individuals relocating from other areas may question the need for legal representation, but there are several reasons that make it the wisest choice.

A Guide Through the Complexity

Real estate transactions in Nassau County can be quite complex, and an experienced lawyer can provide invaluable guidance through the process. Potential homebuyers should choose a lawyer before they even make an offer on a house. A lawyer can help to negotiate the contract with the seller. They can help the buyer to review the terms of the agreement and ask for any needed adjustments. Retaining the services of a competent lawyer will also give the buyer credibility in the negotiating process. If roadblocks are encountered during the purchasing process, a lawyer familiar with the system can help to move things along.

A Protection from Financial Mistakes

With the high prices of real estate in Suffolk County, a home purchase will be a major financial commitment. A competent attorney can help protect buyers from making costly mistakes that they will later regret. Many home purchases in the New York City area involve co-ops. In these cases, the lawyer will review the finances and board meeting minutes of the co-op. Because of his familiarity with these groups, he may spot potential problems that the more inexperienced homebuyer would have missed.

An Advocate Without Bias

The process of purchasing and selling a home can be emotionally charged for everyone involved. The seller is trying to complete the transaction to obtain the cash purchase price; the buyer is attempting to procure a piece of property; and each real estate agent is interested in earning his or her commission. The real estate lawyer is the only completely unbiased party involved. This detachment can be very useful by providing an objective opinion and voice that can help the buyer make reasoned decisions instead of emotional ones.

The attorneys of Witkon Law have a great deal of experience in dealing with real estate transactions. They will be glad to serve as your guide, protection, and advocate to ensure that you have the best possible outcome. If you are planning to make a home purchase in Suffolk or Nassau County, contact the office today for a free consultation.

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