Persuasive Advocates And Guides For Your Best Interests
Purchasing a home or commercial property is an expensive venture. No one wants to add unnecessary costs to the process. But there are some very good reasons why working with a real estate lawyer for the purchase or sale of your home can be a tremendous benefit to you — saving you time, money and peace of mind.
The law office of Max L. Lieberman & Associates, P.C., focuses on residential and commercial real estate transactions in Philadelphia County, Montgomery County, Delaware County, Chester County and Bucks County. We know Pennsylvania real estate law inside out. Our goal is to protect you at every stage of the process, from initial listing to home closing. We have your best interest at heart.
Saving You Time, Money And Headaches
Protecting the seller: A real estate broker agreement generally provides for payment of commission even if there is no closing and may provide for an exclusive period as long as six months or a year. Brokers may try to claim a commission even after the listing agreement terminates. These clauses benefit the broker, but can be a risk for you if your broker is not performing well. Our real estate lawyers will review your listing agreement with the broker before you sign it to ensure you are protected.
Protecting the buyer: A seller's agent is there to represent the seller, not the buyer. He or she does not have your best interests in mind when trying to make the sale. As a buyer, you need someone who is dedicated to protecting your interests, not protecting the broker's commission.
Accurate legal advice: Brokers or agents will prepare agreements or addenda, but they are not lawyers. Many people rely on their real estate agents to help them when buying and selling property, but an agent may not be qualified to explain the legal details of a transaction. We provide legally accurate information you can rely on, and we make sure the agreement or addendum does what it is supposed to do.
Removing barriers to the sale: Our real estate lawyers always review the title report to determine if there is anything unusual that may pose a risk to the sale. If we discover a problem — a lien or other impediment to a clear title — we can advise the buyer or work with the seller to address the problem before the sale. We can often persuade the title insurance company to remove or insure over the exception.
Minimizing risks for sellers: We will review the proposed agreement of sale to be sure the terms of the agreement protect you from unlimited liability and that contingencies arising from inspection results or buyer actions are reasonable and limited.
Minimizing risks for buyers: Before reviewing the title report to identify problems and explain risks and reviewing the purchase agreement to establish appropriate safeguards, we order and review title insurance. Many brokers are affiliated with a title insurance company, which means they make a profit when you get your title insurance through that company. That may or may not be in your best interest. Some title companies will look for loopholes to avoid paying or defending claims. We order title insurance from companies we believe will honor their obligations should there ever be a problem.
No ugly surprises at closing: We attend your real estate closing with you to ensure that no problems arise that would delay the sale. We can explain all closing documents. If there is a last-minute change, we can help you negotiate that change and can draft appropriate language to insert into the documents.
Please Contact Our Real Estate Attorneys Today
For high-quality legal guidance and representation in your residential real estate matter, please call us at 610-397-1820 or complete our secure online form to contact a lawyer at the office of Max L. Lieberman & Associates, P.C.
