Purchasing a home is an experience of a life-time and one of the most important investments anyone will ever make. Contract bargaining is an aspect of the real estate market that depends on the market itself. Meaning, in a buyers market the power will shift one way while in a sellers market the power will shift the other way,
This is exactly why it is so vital to have a qualified attorney at law review, edit and incorporate the contract for the client. Good legal representation can make up for the side that has the disadvantage due to the current market. Only a lawyer who will take the time to negotiate provisions is worth hiring. Law firms that use standard contract of sale forms are not worth anything.
Once you hire a good firm it is time for an inspection. You must make sure everything to do with the engineering of the property is up to par. Now you will be ready to sign the contract, just make sure your attorney is really playing your side up. Next up will be the financing and appraisal of the property, Once the financial aspects are cleared up it is just a matter of making sure the title is clean without any liens and then closing the deal with final signatures.
when a seller sees the buyer has a serious attorney they will usually be wise enough to contact their attorney and let them know about any NYC Code violations, illegal tenancies, liens, judgments, illegal construction or other issues that can lead to a contract cancellation and wasted time and money.
Robert Aronov & Associates, PC 88-02 136th St, Jamaica, NY 11418 (718) 206-1555 https://realestatelawyernys.com