February 21st, 2011 1:38 PM by Arturo Torres
Arturo Torres, Esq.
When purchasing a home in New York, it's imperative to engage the services of a real estate attorney. An attorney will not only see to it that your rights are protected and will process all necessary legal documents for your purchase, but will also make sure that the building you are buying into is fiscally sound. These tips will help you choose the right attorney to steer you through your transaction.
1. Start early
Start your search for a good real estate attorney about the same time you seriously begin your search for a new home. You want plenty of time to find a good attorney -- you don't want to end up picking one at the last moment without doing any research.
2. Seek others’ advice
Talk to friends, colleagues and family who've recently purchased a home and ask them if they would recommend the real estate attorney they used. You could also seek the names of reputable attorneys from your real estate agent -- just be sure to get an attorney who's independent of that agent.
3. Look for experience
You want to find a "real estate attorney" if you are looking to purchase a real estate property.
Select a few attorneys to interview on the phone. Ask them about their background and years of experience, how many closings they typically perform during a month or a year, what services they will provide, and whether they can give you the names of some of their clients as references. Ask up front what their fees will be and how you will be charged. (E.g., some lawyers bill hourly, while others set a flat fee.)
5. Get it in writing
Once you select an attorney, be sure to read the "retainer agreement" -- in which the attorney spells out what services he or she will provide and at what fee, and make sure that you fully understand it and its terms before signing.
Good luck with your purchase!
President - NMLS #: 68170
Bridgeview Mortgage Corp.
1200 Hempstead Tpke.
Franklin Square, NY 11010