REAL ESTATE PURCHASES AND SALES

 If you are selling your home, you need counsel to negotiate the terms of the sale with the buyers or their attorney and to draft the appropriate documents. As the seller, you must be sure that you are conveying “good, clear, marketable title” to the property to the buyer. Assuming the buyer borrows part of the purchase price, you need your own attorney to explain the pile of documents the buyer’s lender’s attorney will expect you to sign.

If you are buying a home, you should consult an attorney to review and make any necessary changes to the “purchase and sale agreement” (or “P&S”) drafted by the buyer’s broker or attorney. Although a standard form P&S is available, an attorney will review it with you and add or delete language necessary to protect your interests. Do not rely on your lender’s attorney to protect you; while a lender’s interests are similar to yours, they differ in important ways. You need your own attorney when the sale is finalized to explain the pile of documents your lender’s attorney will expect you to sign – many of which favor the lender, not you.

Don’t delay — contact Steven B. Rosenthal of The Rosenthal Law Firm today.