Are you considering purchasing real estate and have questions about what you should know about real estate? Contact our Rochester attorneys.
The Home Buying Process
The very first step is to have a contract of sale prepared by either the buyer’s or seller’s attorney and/or the real estate broker- After this the home should be inspected
- The seller’s attorney provides the buyer’s attorney with various documents necessary to close
Possible Costs in Buying a Home
- The costs will be determined by the contract of sale
- Usually the buyer pays the county recording fees for the deed and all of the expenses it takes to obtain a mortgage
- The seller usually pays for preparing the survey, updating the search and anything regarding title defects
Attorneys Role in a Real Estate Matter
- When one party in a transaction doesn’t want to hire an attorney, a client may ask one attorney to represent both sides. Although some attorneys will do so, it is a bad idea, even for family members. Separate representation offers the best protection because, even in a simple real estate transaction, things can turn very nasty and the attorney is caught in the middle.
- Each side should have an attorney to represent their interests; in fact, we usually won’t represent someone unless the other side is also represented by an attorney. Representing both sides can lead to major problems, especially for the attorney who represents a buyer in a transaction where the seller has no idea what they’re doing, but is trying to save money.
- For their individual protection, it’s best for each party to have his or her own attorney – especially in this part of the country where laws are very different from those in other states.
- As an example, title insurance, even downstate New York is completely different. Attorneys in upstate New York have a much larger role than they do in downstate New York or any other part of the country.
Are you considering purchasing real estate and have questions about what you should know about real estate? If so, contact experienced Rochester Real Estate Attorney Robert Friedman for guidance. He has over 30 years of experience and offers legal consultations. Let his experience work for you.
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