Westchester NY real estate attorney
Working with a Westchester NY real estate attorney is one of the smartest decisions you can make as an investor. An attorney will provide valuable assistance and general advice throughout the real estate process, whether you intend to fix and flip or if you are investing for the long haul.
It is possible to invest in real estate without the assistance of an attorney, but it is not advisable. There are several things an attorney can help you with that will improve the odds of a successful experience. For instance, a real estate attorney can help you:
- Create entity documents
- Review loan documents
- Evaluate purchase and sales contracts
- Understand the closing process
- Deal with title issues
When things go wrong in any of these areas, it can cost you time and money. A Westchester NY real estate attorney can anticipate potential problems and be proactive in helping you avoid them.
Are You Launching a Real Estate Investment Business?
If so, you need an attorney. One of the first issues investors tend to have in the real estate industry is dealing with entity documents. Certain forms need to be filled out early on and when you fill them out without professional assistance, there is a greater likelihood of mistakes or leaving the documents incomplete. Your attorney will make sure all documents and paperwork are taken care of properly so investors can avoid issues and delays.
Issues can arise once you have found a possible investment property, too. In order to invest, you will need to find financing, which requires filling out loan documents and making decisions about potential lenders. A Westchester NY real estate attorney will help you review and complete the financing documents, and help you understand the terms of any loans you are considering.
Are You Ready to Invest in Real Estate?
Another important aspect of real estate investing is evaluating purchase and sales contracts. An attorney will help you negotiate the terms of a deal and review the documents associated with the deal to ensure your interests are protected. Many buyers are unaware of the short inspection period provided on standard real estate contracts and that this period can be extended when needed. A real estate attorney can request more time which will allow for a thorough inspection. An inspection can give you leverage in negotiating the best possible deal when you are considering a real estate investment.
Closing is another important aspect of real estate investing that attorneys help with. The closing process can seem overwhelming, especially for first time investors. It is important to make sure all requests made by the underwriting team are resolved beforehand, which your attorney can help you with.
There could also be title issues that impede the purchase of a property. An attorney can ensure that a property has a clear title and that the transaction will go as smoothly as possible.
If you would like more information about real estate investing with the help of an attorney or you want to schedule an appointment with an experienced real estate attorney, visit www.generalattorneywestchester.com or contact 914-631-4046.