Essex County, NJ Based Global Real Estate Lawyer Gets The Results You Need

Why You Need A Real Estate Attorney, Even For Residential Properties?

There are several rules and realities unique to Essex County, NJ, and the Greater New York Metropolitan area when buying real estate like a condo or co-op. When buying a property, it is best to know what exactly you are purchasing and all the terms of the transaction. This prevents surprises down the road that may cost you significant amounts of money.

Many do not know, but in the Greater New York Metropolitan Area and Essex County, NJ, you actually buy a share of a condominium association when you “buy a condo.” You can think of it as buying shares of a publicly traded corporation listed on an exchange. The shares you receive upon your purchase finalizing designate your stake in the association. They also document your proprietary lease to the apartment you “bought.” Accessing a residential property lawyer is a safe way to navigate these seemingly strange issues.

As far as rules, a good example is how the land on which a building is can revert to the original owner in Essex County, NJ. Being unaware of this, much less if a potential property would be susceptible, could have massive consequences for you. This could require you to bear costs or find a new residence altogether. Many of these complexities apply to the seller as well.

There are many cases where these complications exist even when buying a home. When making arguably the biggest purchase of your life, it is best to have a dedicated and experienced guide at your disposal. This ensures the process and transaction go as smoothly as possible. Having a lawyer for your family home purchase like Stanick Law, LLC is the key.

A residential real estate lawyer would mitigate complications by examining the master deed. This is something you may have difficulty accessing, much less making sense of. In this situation, it is also to your advantage to uncover other financial documentation and assess whether other risks are in store, including the association’s board minutes, financial statements, and budget.

What Stanick Law, LLC Does For You?

We focus on the following when handling your residential real estate transaction:

• Give you an overview of the attorney review
  • This includes going over contract terms and review letters in detail specific to your level of knowledge.
• Handle the inspection contingency on your behalf.
  • This critically important part of the process helps the buyer and seller, ensuring the property is in good condition. It assures the buyer the property will not be an unnecessary burden in the future. It protects sellers from the possibility of the buyer exploiting minor inspection issues to get a better price.
• Manage everything pertaining to the title.
  • We make sure all of our clients’ titles are clear, setting you up for success since titles are so often contingencies in real estate contracts.
• Address all matters related to closing the file.
  • We work with your lender in your place to make sure the closing process goes as smoothly as possible. On the seller side, we get all documentation filled out for you, eliminating any issues that would arise otherwise.

Get Your Dream Home Today!

Stanick Law, LLC. has the global, multicultural, and professional perspective you need when buying or selling a property in Essex County, NJ. Give Stanick Law, LLC. a call now and see what our expertise tailored specifically to your case can do!