Buying or selling a home, condo unit, or land is a significant financial decision and involves a transfer of legal interests in property from one party or entity that must be properly done to be effective. As such, you want to ensure you fully understand the legal aspect of your real estate transaction and are making the best possible decision for you, your family, or your business.
Real estate transactional law can be complex and involves a significant amount of paperwork, so it can often make sense — and may even be necessary — to hire a real estate transaction attorney who can represent you in the transaction and look out for your legal interests. Having an experienced real estate transaction attorney on your side can give you the peace of mind you need to ensure the transaction is legitimate, proper, and final.
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Table of Contents
- What Is An Attorney’s Role in Real Estate Transactions and Closings?
- When Do You Need a Real Estate Attorney for Transactions and Closings?
- Types of Real Estate Transactions
- Why Choose Calabrese Law Associates?
- Our Real Estate Transactions and Closings Services
What Is an Attorney’s Role in Real Estate Transactions and Closings?
Real estate attorneys practice real estate law, so they have the necessary experience and knowledge to advise the parties involved in a home sale or any other type of real estate transaction. A real estate attorney has legal authorization to:
- Draft and finalize an offer agreement, including writing offer amendments
- Draft and finalize a purchase and sale agreement (“P&S”), including writing amendments or riders to the P&S
- Handle the closing of the transaction (often this is done remotely by an exchange of documents of buyer and seller’s attorneys through mail)
The seller and buyer are permitted to hire attorneys to represent their legal interests during a real estate transaction. In Massachusetts, Calabrese Law Associates is a valued partner to Boston’s developers, managers, property owners, and other real estate industry players. When properly closing a complex real estate transaction is a crucial deal, experience and expertise can mean the difference between protecting your interests for the long term and potentially exposing you and your business to unnecessary risk.
Our commercial real estate transaction lawyers can assist with all aspects of the process, including contract review and negotiating, troubleshooting title and lien issues**, and more. In every respect, we strive to offer our clients informed, proactive legal advice for a reasonable fee.
When Do You Need a Real Estate Attorney for Transactions and Closings?
Whether you legally must hire a real estate attorney’s services depends on the laws in your area and the nature of the real estate transaction.
Beyond state or lender requirements, you may run into contractual issues with your single family house, condo unit, or land purchase, which can necessitate the legal assistance of a real estate attorney. Involving an attorney may also be a wise choice if you need peace of mind throughout the home-buying process. Even if something goes awry in the transaction, a legal professional can look out for your interests and help you through a complex situation.
Types of Real Estate Transactions
There are several types of real estate transactions.
- New construction: A new-construction home is one where you, the buyer, are the first person to live in it.
- Investment property: An investment property is one you buy intending to resell in the future at a profit, to earn revenue through rental income, or both.
- Resale: A resale refers to a previously owned property. Though you may have to do a few initial repairs or make some cosmetic changes, you may find a home with the style you prefer in your ideal location.
- Short sale: A short sale occurs when the seller is in a dire financial situation and needs to sell their home for less than what they owe on their mortgage. This situation can be advantageous for a buyer who wants to profit from a real estate transaction.
Why Choose Calabrese Law Associates?
Successfully closing on a Boston real estate transaction requires considerable preparation to tie up all loose ends and ensure no last-minute issues delay matters. The commercial real estate transaction lawyers at Calabrese Law Associates excel at performing research and preparing the documentation you need to close even when time is of the essence. These qualities are only possible because our lawyers take the time to understand your objectives and how the relevant law applies to your given situation.
Comprehensive commercial real estate closing experience from both sides of the table gives the Boston and Burlington, Massachusetts real estate attorneys at Calabrese Law Associates a clear perspective on the opportunities and risks involved in any given sale or purchase. This industry experience allows our firm to consistently produce excellent work efficiently and with skill. At all times, we remain mindful of the client’s end goal and do not let unnecessary details delay the process. The commercial real estate lawyers at Boston’s Calabrese Law Associates focus on the relevant issues so that our clients close quickly and successfully.
Our Services
Advising clients through commercial and residential real estate transactions is a core pillar of our practice. During any real estate transaction, multiple issues can arise, each of which demands a thorough understanding of Massachusetts real property law to avoid pitfalls and emerge successfully. Some specific cases our commercial real estate lawyers handle include:
- Negotiating and drafting contracts
- Reviewing contracts
- Closings
- Resolving issues
- Mortgage and real estate finance/refinance
- Short sales
- Lien searches
Contact Us at Calabrese Law Associates
Refinancing your current mortgage may significantly reduce the amount of your monthly mortgage payment. If you are seeking an attorney for real estate transactions, turn to Calabrese Law Associates. We provide first-rate legal representation across our practice areas and serve our clients effectively through litigation, contract preparation, negotiation, trial representation, real estate law services, and appellate litigation counsel.
Whether the solution to your legal issue lies in litigation or a negotiated agreement, we place your interests first and help you reach your goals. We will remain mindful of your unique circumstances and goals throughout to ensure we provide you with the highest possible quality of legal services available and work efficiently.
All of our services are available for commercial and residential properties. We advise clients on all real estate issues in Suffolk County, Middlesex County, Norfolk County, Essex County Plymouth County, in the Greater Boston Area, and throughout Massachusetts. To discuss your specific case with an experienced real estate transaction lawyer, contact us at Calabrese Law Associates today to schedule a free initial consultation.
**Calabrese Law Associates, P.C. does not provide title examiner services.
*Do not misconstrue this publication and its contents as legal advice or a recommendation of how to proceed. Please consult directly with a local licensed attorney before taking any action that could have legal consequences. This publication and its content do not create an attorney-client relationship and is only for general informational purposes.
*This publication and its contents are not to be construed as legal advice nor a recommendation to you as to how to proceed. Please consult with a local licensed attorney directly before taking any action that could have legal consequences. This publication and its content do not create an attorney-client relationship and are being provided for general informational purposes only.
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