Real Estate 101, Everything You Need To Know About Selling And Buying Residential Real Estate: What is the role of the attorney for the buyer when purchasing a house?

Thursday, July 4, 2019

Hello everybody. This is Mark Schreier from the century 21 American Homes,

And I am with Sandra Radner, a real estate attorney out here in Melville, and the question I have

for Sandra now is what is the role of an attorney in the real estate transaction for the buyer this time

for the buyer?

So, the role of the attorney for the buyer, again, if you have an attorney picked up

before you actually find the house you're buying, it makes things a lot easier. But really what you

need your attorney for is to protect you to make sure that everything that you've negotiated with the

seller is contained in that contract. So, for example, if the seller said they were leaving all the

ceiling fans in the house, um, and then that doesn't get into the contract, they could take those

ceiling fans when they move. So you need to make sure that you communicate with the purchaser's

attorney, with your attorney, that these are the items that were agreed to. This way when they get the

contract from the seller's attorney, they can review it and make sure it's complete. Because once you

sign it, it's very difficult to go back and change anything.

Usually if you have a very agreeable attorney on this representing the seller, sometimes things can

be changed later, but usually they can't be. So, it's very important to get everything into the contract

the first time. The other thing is that it's always recommended that you have an engineer's report or

an inspection done of the home before you go into the contract. And the reason is that sometimes

things are disclosed during that inspection. So, for example, the heating system might not

be working properly or there might be a problem with the plumbing or with the electrical

system. Those are things that can help you to either negotiate the price, maybe making the price of

the purchase price lower, or it might be something that's going to be repaired prior to the closing.

And if there's something that's going to be prepared, I mean repaired or something, that's going to

be just a price that needs to be made part of the contract so that it's enforceable.

Great, that's a lot of information. Uh, but it's really simple. If you listen to the video a couple of times

and just take some notes while she's going through the list, and if you still have questions, you can

reach out to us. Our contact information that will be on the bottom of the video.

Thanks again for watching.

Mark Schreier LSA, CBR, The Law Offices Of Sandra Radna

www.markschreier.com http://www.radnalaw.com

516.263.9094 631.754.6382