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Buying or selling a home represents probably the most significant investment you will ever make. Taking steps to ensure you’re not exposed to financial and legal liabilities is essential before signing on the dotted line. Most real estate purchase contracts are drafted by real estate brokers. Once signed by both the buyer and seller, there is generally a five-business-day attorney review period. It is during this time that any revisions required by either party are made. If no changes are made, then the contract becomes binding after the five-day period.
We review the contract, negotiate inspection issues, conduct title searches, review title and survey and prepare final documents. Finally, we represent you at the closing to ensure that all bank documents are properly executed and that the title to the property is properly transferred. We also make sure that the deed and mortgage will be appropriately recorded, and that the local tax office and municipal authorities have notification of the change in ownership. We will identify vulnerabilities and risks that could jeopardize the transaction or burden you with additional financial and legal responsibilities.
When you’re in the middle of work and family obligations, trying to tie up loose ends and ensure that everything needed has been done, it can get pretty hectic. That’s why we act as your personal resource for making sure everything is legally in order and valid. Contact us today for the advice and counsel you need to protect you during the buying and selling of your home. What you know now could save you a great deal of time and trouble later. Call Millon & Peskin today toll free at (800) 928-1831 or Email us at info@millonpeskin.com.
 REAL ESTATE FAQ
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