An experienced real estate attorney can make all the difference.
This is especially true if you are a first-time home buyer.
Buying a home is a significant legal and financial matter.
You will want a professional that focuses on real estate law.
Once the buyer finds a home, they will make an offer on the house. If the seller accepts the offer, theparties continue the process by completing a formal Purchase and Sale Agreement (P&S). This agreement determines all the details of the transaction. (The P&S differs from an Offer to Purchase. An Offer to Purchase is a short one-page document and is usually signed by both parties immediately after a verbal deal has been made.)
The Purchase & Sale Agreement is the most important legal document in the transaction. An experienced lawyer can explain and revise the P&S to reflect the homebuyer’s and the seller’s desires. An attorney should always review a Purchase and Sale Agreement before signing.
The following are steps along the way to a successful transfer of property and a “closing”. This process normally takes about six weeks from start to finish.
• Title Examination
• Adjustments for taxes and liens if any.
• Survey
• Completion of all bank documents
• Recording of Deed with the appropriate Registry of Deeds.
Attorney Sypek will walk you through the process using clear language.
He is patient and always willing to answer questions.
If you are a Buyer or a Seller, call Sypek Law as soon as you start for complete details.
413-642-5276
rich@sypeklaw.com