I’ve already talked about effective communication between lawyers and brokers, and the same holds true between communicating with my clients. It’s a stressful time for clients, and I understand that. My goal is to make things less stressful for the clients, and it helps to have open communication in both directions.
My first tip: don’t be afraid to call or email. If you have a question, please ask me. Talking through issues always helps avoid problems down the line.
Additionally, think about what you need in the contract – especially if you are selling your home. For example, do you have personal property – lighting or other fixtures – that you are either leaving behind or taking with you? Information like this should go into the contract and shouldn’t be a surprise to anyone at the closing.
Other information that you should be clear about is your timeline for moving. Many times, I have seen clients sell with the idea that they will find something soon, but then they do end up in a bind and do not have a place lined up by the closing date. It’s better to be realistic, set target dates but then also leave the room for changes for the unexpected.
Finally, be thorough when it comes to financing. Do you have a home equity line of credit? Other liens? These are all loans that need to be settled when the property is sold and not just the main mortgage.
Again, please don’t be shy about talking to your real estate lawyer. If you don’t have a good rapport with your lawyer, it could lead to stress and issues when it comes time to close.
If you have any real estate questions, please feel free to pick up a phone and call me at (212) 962-2000.
My friend is trying to buy a residential house and lot near her home. However, she’s having a hard time closing the deal with the seller. I just advised her to find real estate lawyer to make the deal less stressful!
Investing in real estate can require sizable cash, especially since properties you purchase might need renovations or improvements.A good tenant can significantly increase the value of a commercial property.Commercial real estate is far more complex than residential real estate.
I’d assume that with any legal interaction, that good communication is key. Now if I was in the situation where I had to talk to a real estate lawyer, I would for sure want to always be in contact with them. The main reason why, as you did mention, is that I would probably have a lot of questions. I don’t know a whole lot about that kind of law so it would be quite a few questions.
Thank you for pointing out that you should have good communication with your attorney. My sister and I are needing to get a real estate attorney. I’ll have to do some research and find the best one.
It sure is nice that you mentioned how good agents strive to make you the most amount of money with the least amount of hassle possible. My sister is preparing for a big move to a new state after a really unexpected promotion, and time is definitely of the essence. I’ll be sure to tell her that hiring a reputable real estate agent will help get a good deal for her property as quickly as possible. Thanks!
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