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Buying or selling a home in NYC? Why you need a lawyer, Part II

Earlier this week, we began a discussion about working with a real estate attorney when buying or selling your home. You are not legally required to have the help of an attorney in New York, but the practice is customary—and with good reason. Last time, we discussed just how complicated the process can be.

Today, we'll continue our discussion about the benefits of working with a real estate attorney.

Reason 2: A home is probably the largest purchase you will ever make.

In all likelihood, your home is your greatest financial asset, particularly in NYC where real estate is quite expensive. With large sums of money changing hands, even minor mistakes can be costly. It makes sense to hire a professional.

Reason 3: You'll get honest advice with no conflict of interest.

Real estate agents may be helpful and willing to go the extra mile. But they also have a vested interest in closing the deal. Their fee or commission is often contingent upon the sale or purchase of the property.

Your attorney’s fee is not based on whether or not the deal goes through. This means you get objective legal advice from someone who has only your best interests in mind.

Reason 4: Less stress for you and your family

Real estate deals take time, patience and fastidious attention to detail. Handling all the paperwork and doing all the research is a full-time job. Why not leave the work and stress to a professional? We do this all day every day.

Whether you are looking to buy or sell, hiring an attorney is a wise investment. For experienced representation in all of the five boroughs, contact us today.

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