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Selling Residential Real Estate in New York

Selling Residential Real Estate in New York

Houses are a large part of people’s lives. It provides them not only with a home, but memories that they can carry for the rest of their lives. However, sometimes it is time to part with a home and sell it in order to move on to something new. When this happens, it is important to make sure all of your bases are covered when giving your home to someone else. There are several factors to consider in order to get the most out of your property. This is why it is important to have a trusted attorney that can represent you, your needs and your best interests.

The Contract

When you find someone to buy your home, the first step is entering into a contract with the individual. A buyer will put an offer on the table for the house as well as their own terms. Having this contract allows you to review these points with your attorney. Once this is done, you can either accept, deny, or modify the contract. Negotiating a contract is important because it allows you to reach the results you desire when selling your home. When the contract is signed, the buyer will then have the opportunity to inspect the property you are selling.

Home Inspection

Shortly after signing the contract, the buyer has the right to inspect the property they are purchasing. When this happens, many people will hire a certified home inspector. This individual will investigate the house to see if there are any major issues that need to be addressed before closing the deal. Generally, the owner will be expected to address any issues that arise. This may include you doing the work to fix the problem then taking money off the asking price for the property. On the other end, as the seller, you are able to negotiate these requests to resolve certain issues. This allows you to share the expenses or even reject the request altogether.

Closing

If the process goes smoothly and there are no major issues left, both parties can engage in the final process of closing the deal. Closing only happens when every issue regarding the property is addressed and both parties are satisfied with the deal that is made. Before the buyer is finally given the keys to the house, they are able to do a final walk-through to ensure that no new problems have arisen since the inspection. Once you and the buyer are ready, you can sign the closing statement. This authorizes the purchase of the house and allows the money to transfer.

Contact our Firm

If you or a family member is looking to create a will for your estate and wish to speak with an experienced attorney, contact The Lauterbach Law Firm today.

The Lauterbach Law Firm is proud to serve clients throughout Rockland County who are faced with legal matters related to estate planning, real estate, foreclosure defense, landlord-tenant law, business law, and criminal defense. If you require the services of an experienced team of attorneys, contact The Lauterbach Law Firm today to schedule a consultation.

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