Unexpected, unpleasant surprises that pop up when buying a home
Buying a home should feel like a big step forward, it would be one of the most important financial decision of your lifetime. Yet oftentimes, a frustrating reality gets in the way: this is not a simple process. It’s not just the endless paperwork or lengthy timelines – it’s those unexpected, unpleasant surprises that pop up.
According to recent statistics from the National Association of Realtors, more than one in every five closings are delayed. Oftentimes these holdups can be due to problems such as:
Appraisal issues
Problems discovered during the home inspection
Environmental questions
Titling or deed inconsistencies
Issues with home, hazard or flood insurance
Contract contingencies
These are precisely the kinds of problems a real estate attorney can help address.
What a Real Estate Attorney Can Help You With
In New York and New Jersey, it’s highly recommended to hire a lawyer to represent you in transacting real estate. During a real estate transaction, a lawyer is there to ensure everything goes as smoothly as possible. They can do a few main things for you, such as:
Review all paperwork to make sure it is accurate and in your best interest
Represent you during the complex closing process
Help negotiate should unexpected problems arise (such as the late discovery of a roofing issue, for example)
Assist in resolving problems that can delay the closing
An attorney is essentially your backstop and support during this complicated, costly process. While hiring a lawyer is not required, doing so can provide a real sense of security. Rather than going through this alone, you’ll have someone looking out for you every step of the way.
WHY Is It Important to Order Land Survey When You Buy a Home or an Investment?
Purchasing real property is a big investment. One way to avoid getting in over your head is to get a land survey. A land survey is used to determine the exact boundaries, monuments, and dimensions for a parcel of land. It can also tell you whether features on the real property, such as trees, fences, and driveways are actually part of the property.
Land surveys can also be a useful tool to:
1. Determine the exact boundary lines on the real property;
2. Discover unknown encroachments;
3. Locate easements on the property;
4. Locate utilities on the property;
5. Avoid boundary line disputes with neighbors;
6. Make improvements to the property.
The experienced Real Estate attorneys at the Law Offices of David Shakarchi will guide you through your home purchase or investment.
We offer FREE CONSULTATION CALL US TODAY AT (888) 414-6685.