
When selling your home in New York, you’re legally obligated to make certain disclosures about the property’s condition, according to the National Association of Realtors. These include:
- Lead-based paint disclosures (for homes built before 1978) as per federal law
- Any known material defects should be disclosed when selling a home.Comprehensive knowledge of Brooklyn’s real estate market
It’s important to note that as of 2019, the Property Condition Disclosure Statement is no longer mandatory if the seller provides a $500 credit to the buyer at closing, as per New York Real Property Law § 465.
The Role of a Real Estate Attorney in Private Home Sales
A real estate attorney can be invaluable in guiding you through the complexities of selling your home privately. Here’s how they can assist:
Proven track record of successful transactionsDrafting and Reviewing Contracts
An experienced attorney will:
- Draft a legally binding purchase agreement Efficient and cost-effective legal solutions
- Review and negotiate contract terms
- Ensure all necessary clauses and contingencies are included
Handling Title Issues and Searches
Your lawyer will:
- Conduct a title search to ensure there are no liens or encumbrances on your property
- Resolve any title issues that may arise
- Facilitate the transfer of the title at closing
Negotiating Terms and ContingenciesProtect Your Property Interests with Experienced Legal Counsel
An attorney can help you:Are you buying, selling, or dealing with real estate issues in Brooklyn? Don’t navigate the complex world of New York property law alone. Neil H. Kupferman, Esq., PC provides knowledgeable legal guidance to safeguard your real estate investments.
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Call Now (718) 768-3046
- Navigate complex negotiations with potential buyers
- Understand and respond to contingencies in offers
- Protect your interests throughout the negotiation process
Facilitating the Closing Process
At closing, your attorney will:Practice Areas
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We provide a wide range of legal services
- Review all closing documents, including the deed, transfer tax returns, and closing statement
- Ensure funds are properly transferred when working with a realtor or during a FSBO home sale.
- Address any last-minute issues that may arise to ensure a smooth closing process for home sellers.
Potential Risks of Selling Without a Lawyer
While it’s possible to sell your house without a realtor, doing so comes with significant risks:Real Estate Lawyers
Contractual Errors and Omissions
Without legal expertise, you might:
Making an Informed Decision About Legal Representation in Your Home SaleDo I Need A Lawyer To Sell A house Privately?
Selling your house privately in New York can be a rewarding experience, but it’s crucial to understand the legal landscape. While it’s possible to navigate some aspects of the sale on your own, the complexity of New York real estate law and the potential risks involved make working with an attorney a wise choice for most sellers.Selling your house privately in New York can be an exciting but complex endeavor. As a homeowner, you might be wondering if you need a lawyer to navigate this process. This comprehensive guide will help you under
ughout the process, contact Neil H. Kupferman, Esq., PC at +17187683046 or a trusted title company. Our experienced real estate attorneys can help protect your interests and ensure a smooth, legally compliant home sale without a realtor, especially for home sellers. Don’t take unnecessary risks with one of your most valuable assets – reach out today for a consultation.
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- Which Kind of Lawyer Handles Eviction in New York? Buying a house is one of the most significant financial decisions you’ll ever make, so consider hiring an attorney. In New York, the process can be particularly complex, raising an important question: do you need a real estate attorney How do you need a lawyer to navigate this journey? Let’s dive into the world of real estate transactions and uncover why legal representation might be your best ally in securing your dream home.
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