Long Beach Island Real Estate Attorney
Using An Attorney When Buying Or Selling In The Long Beach Island Estate Market
Buying or selling a home in the Long Beach Island new Jersey real estate market is a major financial decision. With all the changes to the real estate markets of Long Beach Island it is advisable to use an attorney when completing your sales transaction. Using an attorney will help make sure all legal documentation is filed correctly and you are protected in the event of difficulty. While it is not required in the state of New Jersey to use an attorney, the majority of home buyers and home sellers will seek legal representation. A real estate agent can not advise you on legal matters, only an attorney has the ability to do this, and a Long Beach Island real estate attorney can advocate on your behalf during the negotiations and any disputes that may arise.
How a Long Beach Island Real Estate Attorney Can Help When Buying or Selling a Home on LBI
Seeking an attorney is an additional expense in the sales transaction but it can be money well spent to make sure your interests are protected. A few examples of the benefits in using an attorney for your transaction in the Long Beach Island real estate market are listed below:
- An attorney is familiar with the sales process and can ensure all local, state, and federal documentation is filed correctly
- Using a local attorney is advisable over using a friend or colleague from outside the local area as an attorney who works in the Long Beach Island real estate market will be better familiar with the local trends and customs to help resolve any disputes in the course of the transaction.
- An attorney can act as an intermediary and hold any escrow funds or protect you during negotiations
When shopping for a local attorney it is best to work off of recommendations and experience. Oftentimes your real estate agent will have recommendations with attorneys they have used in the past and have had good success with. These recommendations are invaluable when seeking an attorney for your Long Beach Island real estate transaction. Like any profession, there are good and there are bad attorneys. Well the benefits of using an attorney for your sales transaction are numerous, hiring the wrong attorney can actually create problems. It is for this reason using local recommendations, reviews and other sources information are the best way to help seek an attorney. You should make sure your attorney is familiar with the sales process and make sure you understand the fees being charged and what they cover.
Typically, an attorney will begin their involvement when a signed contract between the buyer and seller has been delivered to both parties. The day after a signed contract has been delivered officially begins process known as attorney review. Attorney review allows for a 3 business day review period during which time an attorney may make changes to the contract, extended attorney review or cancel the contract in its entirety. Your attorney will review the contract with you, explain any concepts you’re not familiar with and ultimately advise you if there’s any danger in signing on the deal. After this review, your attorney will help in coordinating the home inspection, ordering title work, and ordering a survey and flood elevation if necessary. Your attorney will also facilitate the final closing, review and advise you on all mortgage documents and represent you in the final closing of the sales transaction in the Long Beach Island real estate market.
Long Beach Island Real Estate Transactions
Regardless if you are buying a home or selling a home in the Long Beach Island New Jersey real estate market, using an attorney can help protect your interests. With an increase in market activity in the Long Beach Island area it is not uncommon to see multiple offers presented on the same property. While your real estate agent will work to protect your interests throughout the transaction, an attorney is one extra layer of protection to ensure you’re truly getting the best deal possible in your sales transactions in the Long Beach Island real estate market. For more information about seeking an attorney or about the current sales market in the Long Beach Island real estate market feel free to contact me, Nathan Colmer, and I’ll be happy to answer any questions you have.
By : Nathan Colmer | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | firstname.lastname@example.org
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