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Avoiding Legal Problems in Buying a Home or Other Real Estate

For most people, their house is their biggest financial asset, so avoiding costly mistakes is critical. The same is true of buying other real estates since it usually involves a substantial amount of money. No matter if it is your first time or the sixth in buying real estate, problems can arise. However, you can minimize the risks by having the right team of professionals, including your real estate broker, inspector/engineer, attorney, and/or lender to help guide you through the process and ensure a smooth closing.

Some of the most common and expensive legal problems you want to avoid in real estate include:

  • Missing certificates of occupancy
  • Boundary line disputes
  • Open permits
  • Money judgments
  • Liens
  • Title issues.

These can delay your closing or be costly to mend post-closing if missed for lack of experience or diligence by your team of professionals. It is the goal of your attorney to review these issues and resolve them using their knowledge and expertise so it does not impact your ownership and your ability to either refinance or sell the property in the future. These are critical issues that must be managed deftly without the transaction coming apart.

If you are buying real estate, let our experience guide you through this process. Call us at 516-570-4016.