1940 Commerce Street, Suite 305, Yorktown Heights, New York 10598
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Purchase and Sale Contracts Protect Commercial and Residential Clients’ Interests

A Westchester County real estate lawyer can ensure clarity in contracts, preventing unwanted surprises

The Law Office of Gordon B. Fine has handled thousands of real estate transactions in New York State – Westchester, Putnam and Dutchess Counties, as well as in local communities including Yorktown Heights, White Plains, Peekskill, Carmel and the surrounding towns. Since 1993, our real estate purchase and sale services have included a comprehensive approach to contracts, including drafting, reviewing, negotiating and terminating them. We also assist our clients with dispute resolution.

Our goal is to ensure your rights are protected in writing when it comes to buying or selling properties in the commercial or residential real estate markets. A real estate lawyer can identify potential issues and counsel you on optimal ways to resolve them. With 20 years of experience, Attorney Gordon B. Fine streamlines the buy-sell process, paving the way for a smooth transaction.

Be aware of certain terms in a sales contract

While sales contracts can be filled with ‘legalese’, you should be on the lookout for certain key terms. A sales contract may typically include:

  • Description of property
  • Any additional items to be included or excluded in the sale
  • Purchase price
  • Mortgage, escrow and other financing terms
  • Condition of property
  • Deed and title issues
  • Closing terms, including costs and dates
  • Issues related to encumbrances, title, judgments and liens

When we draft or review your contract, our attention to detail ensures clarity that will help you avoid future problems. Working with sellers and/or buyers, we can seek to clear up any ambiguities and negotiate any points of contention.

Enter into a real estate contract wisely

It is in your best interest to take cautious steps before signing a purchase or sale contract, including:

  • Read the agreement carefully yourself and jot down questions for your attorney
  • Ask for a property condition disclosure statement from the seller’s real estate agent
  • Study the neighborhood by reading local papers, visiting open houses, comparing prices and talking with neighbors
  • Pay attention to the results of property inspections and appraisals
  • Pay attention to the results of the title search

If any concerns arise, don’t be afraid to ask your lawyer about them. Also talk to your lawyer about including contingencies. Most contracts include a mortgage commitment contingency. If the buyer doesn’t qualify for the mortgage, the agreement is terminated.

Protect your rights on the purchase or sale of property with the help of an experienced real estate attorney

The Law Office of Gordon B. Fine, located in Yorktown Heights, has handled thousands of real estate transactions in both the residential and commercial property markets. Protect yourself with a legal document review, or rely on us to skillfully draft or negotiate a purchase or sale contract on your behalf. Call us now at 914-245-6250 or contact us online to schedule a free initial consultation.

 

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