Buying or selling a home is possibly the largest financial transaction you will make in your lifetime. That alone makes it stressful, but then there’s also the stress of moving your family, and making sure that the timing of everything lines up. On top of that, there may be unseen pitfalls in the contract which can turn your dream home into a disaster. Unless you know New Jersey property laws inside and out you could be risking your family’s financial future if you make the wrong move.
A real estate attorney understands the fine print and the process
If you’re buying a home the chances are you are entering into two contracts. One is with your lender and will impact your life for years to come, and the other is with the seller who is no doubt keen to get the most they can for their property. Contracts are complex documents and as they say, ‘the devil is in the details’. Having an experienced real estate attorney looking out for your interests can make all the difference. We will make sure that all the necessary government and mortgage documents are prepared and in order so that you are ready to close.
If you’re selling your home you also want to make sure that the contract accurately reflects what you need from the transaction. There are various certificates and documents which will need to be prepared in proper form for closing. Your bank may require documentation too. A real estate attorney can make sure that you meet all your legal responsibilities so that the closing goes without a hitch.
Important points to consider
- Inspections are important if you’re buying a property. A home inspector will usually be hired to check for building defects. A real estate attorney can advise you on which other inspections or certificates you may need depending on the specific location of your property.
- If any issues arise from the inspections there are a number of ways to deal with them. We can negotiate to get the outcome for you.
- An appraisal is not the same as an inspection. The appraisal is ordered by a lender to make sure that the property is worth as much as you plan to pay for it.
- The mortgage process can be stressful and take longer than you might expect. Start on the process early so that when you find your dream home you aren’t hampered by having to wait for your lender to have everything in place. Don’t change your employment or credit rating until after closing as this can create hurdles with your lender.
- Your lender will have multiple requirements, usually including homeowners insurance and perhaps title insurance.
- Prior to closing, there are important tasks that your [location] real estate attorney will look after. These include preparing the paperwork for changing the title / deed, filing title insurance, and calculating the final cash figure. This figure will take into account the mortgage’s closing costs and also factors like property taxes and utilities paid by the seller.
- A final walkthrough often takes place on the day of closing to make sure that the property is still in the same condition as it was when the offer was accepted.
- At closing there will be documents to sign, transactions will be officially recorded and checks will be exchanged for keys. The Law Office of Lisa E. Halpern will ensure that you are fully prepared so that closing can go without a hitch.
Why choose us
We’re experienced. We deal with property transactions in Ocean/Monmouth County, New Jersey.
We take it seriously. Real estate transactions are too important to treat lightly. We look at each property contract carefully to make sure that your interests are protected.
We’re worth the cost. There are many fees associated with real estate closing, but ours is generally among the least of them. Compared to the risks our services are well worth the outlay.
Contact us to discuss your property with the Law Office of Lisa E. Halpern, an experienced real estate attorney.