In Boston its important to obtain an attorney for a real estate transaction. Below you will find a comprehensive guide to the process of real estate transactions in Boston
- Draft and review Purchase and Sale agreement. Throughout the process of purchasing your property in Boston, there are various legally binding contracts that are going to be made. Your attorney will walk you through these agreements so you can understand the terms of the contract you are entering. Having an attorney present also allows you to ask questions regarding your legal responsibility.
- Negotiate and advocate for you through the course of the sale. Your attorney is going to advocate for you the buyer or the seller in the transaction and ensure that your rights are upheld. Your attorney can also negotiate for you with the opposite party’s attorney to obtain the best possible outcome.
- Confirm the validity of the advertised property. As a buyer in Boston, you want to ensure that what is advertised regarding the property is what you are receiving once your purchase agreement is signed. Your attorney will do their due diligence to ensure that the property matches the legal description of the property.
- Determine the rules and regulations for the property. In a city like Boston, there are many different options of property types that can be purchased. If you are wanting to sell or purchase a condo, for example, there are different rules that must be followed. Your attorney will ensure that those rules are being followed and minimize any issues that may arise with these regulations.
- Conduct a title search Lenders require a title search on a property. Your attorney has the authority to obtain these for you and hand them over to the lender so they have all the information they need for you to obtain your mortgage.
- Handle complex or large transactions Sometimes transactions can be complicated due to a variety of reasons. The experience of your attorney will make these transactions easier on you as the seller or the buyer in the real estate transaction.
- Communicate with lenders on your behalf Communicating with lenders can be complicated. Your attorney knows exactly what information the lender will need to process the request, by granting your attorney the power of attorney, they are allowed to communicate with lenders and ensure that loans are paid off before the closing date.
- Contact us! If you have questions about the Home purchasing or selling process contact Munson and Associates to assist you throughout the real estate transaction process.
