Thinking of buying a home in the Hudson Valley? That’s great! The Hudson Valley is a beautiful place to live!
First, the bad news: Real estate law gets complicated. The Good News: you’ve come to the right place to start your journey to a smooth closing!
We’ve designed this section of the firm’s website to give prospective buyers an overview of the process of buying a home in New York and to answer some commonly asked questions that buyer may have about the contract, issues with title, the various types of financing available and the closing process. There are also special considerations that you should be aware of if the home you’d like to buy is part of a Cooperative, Condominium Association or a Homeowners Association (HOA).
The first part of the process is finding the perfect home. If you’re not sure where to start, contact the firm and we can provide some recommendations on reputable realtors that past clients have used with great success.
Once you’ve found your perfect home and you have an accepted offer, you’ll need an attorney to help with the contract. You may have already heard that hiring an attorney for your real estate transaction is not mandatory. That’s true. There is no law that says you must have an attorney to buy a house. But why wouldn’t you? Even lawyer’s hire other lawyers to handle their closings. After all, most American’s largest investment is in their home. It’s a responsibility we do not take lightly. Our goal is to get you from the contract to the closing as smoothly as possible while still ensuring your interests are protected. Not to mention that the cost of hiring an attorney will be one of the cheapest closing cost you’ll have. So why wouldn’t you? Like the old saying goes, “an ounce of prevention is worth a pound of cure”.
We recommend hiring an attorney even before you have an accepted offer. At our firm, it doesn’t cost any extra and often times attorneys can alert you to an issue that you or your realtor may not see. But even if you decide to wait to hire an attorney until you have an accepted offer, do not sign any contracts without consulting an attorney. Once you’ve signed a contract, it is very very hard to change anything. Also, a word about real estate agents. Most real estate agents are great. They truly want to find a home that makes you happy and take great pride in operating ethically and doing such a good job that you refer them to all your friends and family. However, we’ve also seen the bad side of the industry. Sometimes the promise of additional commission is too much of a draw for unscrupulous people and they make questionable decisions like having clients sign contracts before they have an opportunity to consult a lawyer. These people are not the majority, but if in doubt about your agent or you feel like you are being pressured to agree to something you are not comfortable with, contact us. We’ll get you a quick answer and peace of mind.