Ask a home buyer, whether he needs a real estate attorney NY for buying his dream home? The buyer would first say no I donâEUR(TM)t need legal assistance and then he would give strange reasons for denying legal help. He would go on saying that he trusts his realtor and he believes that his realtor would help him walk through the legal hurdles.
Most home buyers rely on realtors for everything from searching property to fulfilling the legal formalities. On investigation, it is found that a majority of buyers are unaware about the legal formalities involved in property dealing. They take property as any other commodity and they think that the property could be bought and sold like a refrigerator. But the reality is just opposite.
First it should be clear to all that property is a matter of the federal law. It is law of the land that regulates the property market. Every property has a legal heir and it is the legal heir that has right to dispose the property. Home that is not recorded on the government records doesnâEUR(TM)t exist for the government. Investing in such a home is not advisable as you might lose your investment.
Licensed realtors are well aware of the legal procedure to be adopted by the home buyers but the realtors are no match for lawyers. A realtor could help in preparing legal papers but he wonâEUR(TM)t take the responsibility if the regulator raises a red flag and scraps the deal. It is where a real estate attorney NY comes into the picture. Lawyer isnâEUR(TM)t a realtor because he doesnâEUR(TM)t search properties but no property deal could be negotiated without the help of a lawyer.
A real estate attorney NY would charge a flat fee for examining the property papers. After going through the papers, the lawyer would be able to give free and impartial advice to the client. If you request, the lawyer would negotiate the deal on your behalf and in this way safeguard your interests.
Big business houses take legal help, when they decide investing in commercial properties. Rich persons hire experienced lawyers, when they hunt for prime lands for making palatial bungalows. But an average home buyer tries to fulfill the legal formalities with the help of realtor just to save a few hundred dollars. Sometimes realtors surprise average home buyers by hidden costs and inflated bills. But there would be no such apprehensions, if you are guided and advised by a real estate attorney NY.
Most home buyers rely on realtors for everything from searching property to fulfilling the legal formalities. On investigation, it is found that a majority of buyers are unaware about the legal formalities involved in property dealing. They take property as any other commodity and they think that the property could be bought and sold like a refrigerator. But the reality is just opposite.
First it should be clear to all that property is a matter of the federal law. It is law of the land that regulates the property market. Every property has a legal heir and it is the legal heir that has right to dispose the property. Home that is not recorded on the government records doesnâEUR(TM)t exist for the government. Investing in such a home is not advisable as you might lose your investment.
Licensed realtors are well aware of the legal procedure to be adopted by the home buyers but the realtors are no match for lawyers. A realtor could help in preparing legal papers but he wonâEUR(TM)t take the responsibility if the regulator raises a red flag and scraps the deal. It is where a real estate attorney NY comes into the picture. Lawyer isnâEUR(TM)t a realtor because he doesnâEUR(TM)t search properties but no property deal could be negotiated without the help of a lawyer.
A real estate attorney NY would charge a flat fee for examining the property papers. After going through the papers, the lawyer would be able to give free and impartial advice to the client. If you request, the lawyer would negotiate the deal on your behalf and in this way safeguard your interests.
Big business houses take legal help, when they decide investing in commercial properties. Rich persons hire experienced lawyers, when they hunt for prime lands for making palatial bungalows. But an average home buyer tries to fulfill the legal formalities with the help of realtor just to save a few hundred dollars. Sometimes realtors surprise average home buyers by hidden costs and inflated bills. But there would be no such apprehensions, if you are guided and advised by a real estate attorney NY.
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