Easy Questions  
Free Legal Documents

Do I Need a Lawyer to Buy or Sell a Home in Adirondack, NY

Do I Need a Lawyer to Buy or Sell a Home in Adirondack, NY


Owning a home is a keystone of wealth — both financial affluence and emotional security.
 
- Suze Orman


For most people, buying or selling a home is the most expensive transaction that they will ever conduct. You can often handle the tasks involved in buying or selling real estate just with the help of other professionals traditionally involved in the process-a good real estate agent, the escrow company, and possibly a mortgage broker. Many states have standard contracts for the sale of real estate. Many real estate transactions are conducted with the help of a lawyer. However, please make sure that you actually read everything you sign. Ask questions if there's something you don't understand.

If the buyer or seller tries to back out of the deal or if something goes wrong after the deal has closed (e.g. undisclosed structural issues), you can always hire a lawyer after the fact.

Some factors to consider in whether or not to hire a lawyer: 1) the lawyer's fees are tiny compared with the purchase price; 2) your state requires an attorney for closing or some other aspect of the sale; 3) you don't entirely trust the other party and/or the real estate agents involves; 4) you are jointly buying or selling the house with a co-owner that is not a family member; 6) the property you are buying is in probate or foreclosure; 7) the property is in a development with homeowner association rules; or 8) there are other complicating factors such as the seller helping the buyer obtain a mortgage.

Real estate agents and representatives of the escrow company can't make judgments on legal questions. For example, if your prospective new home has an illegal in-law unit with an existing tenant whom you want to evict or if either party adds unusual language into the purchase contract or mortgage, you may want to have an attorney look the documents over.

Your agreement of purchase and sale is a legal contract that defines: 1) what you are selling; 2) the sale price, the deposit and who holds the deposit3) when the sale will close; 3) the conditions (e.g. financing, home inspection) to be satisfied before the contract becomes binding; and 4) any special arrangements between you and the purchaser.

The sale will include everything that forms part of the real property, including any equipment or other items that are affixed to the buildings, unless you make exceptions for them. Light fixtures, stained glass windows, built in bookcases etc. are all included. Any fixtures you wish to remove must be specified in the agreement.

The taxes will be adjusted on closing so that you pay a proportion based on the number of days of the calendar year you have owned the property and the purchaser pays the balance.

Only you can decide if hiring a lawyer is right for you. Check out 1-2-Law.com for listings of lawyers in your neighborhood.
 
Edit, Download, & Print a Free
New York Power of Attorney
Page 1
Page 2
Page 3
Page 4
Page 5
Related Legal Services near Adirondack, NY
Adler Michael
4060 Amboy Rd
Staten Island, NY 10308
(347) 382-9764
Bankruptcy Services,  Attorneys,  Bankruptcy Law Attorneys,  Real Estate Attorneys,  Legal Service P
Samantha French Noda, LLC
P.O. Box 1027
New York, NY 10008
(917) 364-9340
General Practice Attorneys, Patent, Trademark & Copyright Law Attorneys, Attorneys
Mc Kinnis Law Offices
12 Locust Ln
Bronxville, NY 10708
(914) 793-9215
Insurance Attorneys, Attorneys, Business Law Attorneys
Spiegel Brown Fichera & Cote
1203 North Ave
Beacon, NY 12508
(845) 896-8840
Criminal Law Attorneys,  Attorneys,  Legal Service Plans,  Personal Injury Law Attorneys
Palumbo Karen C
1203 North Ave
Beacon, NY 12508
(845) 831-8300
Attorneys,  Family Law Attorneys,  General Practice Attorneys,  Adoption Law Attorneys,  Legal Servi
Detommasi Anthony J MD
17 Woodlawn Ave
Albany, NY 12208
(518) 438-8030
General Practice Attorneys, Attorneys
Colin Law Office
19 Greystone Cir
Bronxville, NY 10708
(914) 771-7711
General Practice Attorneys, Attorneys, Legal Service Plans
De La Fleur Brian
1334 Union St
Schenectady, NY 12308
(518) 374-7700
Attorneys, Legal Service Plans
Brockbank Michael T
1494 Wendell Ave
Schenectady, NY 12308
(518) 374-6815
Estate Planning Attorneys, Attorneys, Elder Law Attorneys, Real Estate Attorneys, Legal Service Plan
Nobile Magarian & Di Salvo
111 Kraft Ave
Bronxville, NY 10708
(914) 337-6300
Attorneys, Legal Service Plans
Newstad William ESQ
3884 Amboy Rd
Staten Island, NY 10308
(718) 317-6207
General Practice Attorneys, Attorneys
Counsel Press
295 S Main Ave # 795
Albany, NY 12208
(518) 458-6044
Paralegals,  Publishers-Periodical,  Arbitration Services,  Financial Services,  Arbitration & Media
Johnson Timothy R
144 Main St
Morris, NY 13808
(607) 263-5741
Attorneys, Elder Law Attorneys, Wills, Trusts & Estate Planning Attorneys, Legal Service Plans
Alishahi Amir
3925 Hylan Blvd
Staten Island, NY 10308
(718) 984-5555
General Practice Attorneys, Attorneys
Dimassimo James D
263 Plymouth Ave S
Rochester, NY 14608
(585) 546-5510
General Practice Attorneys, Attorneys
Steinbrenner Law Offices, LLC
104 Troup St
Rochester, NY 14608
(877) 350-5455
Commercial Law Attorneys, Antitrust Law Attorneys, Business Law Attorneys, Small Business Attorneys
Penzetta Dominick
33 Henry St
Beacon, NY 12508
(845) 831-5291
Attorneys, Business Law Attorneys, Real Estate Attorneys, Legal Service Plans, Estate Planning Attor
Timothy G Griffin At Law
77 Pondfield Rd
Bronxville, NY 10708
(914) 771-5252
General Practice Attorneys, Attorneys, Legal Service Plans
Morris James
70 Millard Ave
Bronxville, NY 10708
(914) 793-5060
General Practice Attorneys, Attorneys, Legal Service Plans
Bridgham Ruth
524 Madison Ave # 1
Albany, NY 12208
(518) 434-4926
Attorneys, Legal Service Plans
De Maria Joseph G
301 Exchange Blvd # 204
Rochester, NY 14608
(585) 232-4910
General Practice Attorneys, Attorneys, Legal Service Plans
Rebecca Bauscher
668 Madison Ave
Albany, NY 12208
(518) 426-4786
Attorneys,  Child Custody Attorneys,  Divorce Assistance,  Family Law Attorneys,  Divorce Attorneys
Mclaughlin Kevin
75 Pondfield Rd
Bronxville, NY 10708
(914) 779-4613
Attorneys, Legal Service Plans
Bmh Paralegal Svc Inc
438 Doane Ave
Staten Island, NY 10308
(718) 967-4592
Paralegals
12Law.com   |  NASHVILLE, TN USA   |  CONTACT US