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SOURCE Roe Taroff Taitz and Portman, LLP
Roe Taroff Taitz and Portman Identifies Three Ways Buyers and Sellers Can Prepare for a Trouble-free Residential Sale
BOHEMIA, N.Y., Dec. 18, 2013 /PRNewswire/ -- Although it may appear to be the same home for sale, it can look like a very different process depending on which side of the table you are sitting. "Buyers are looking at ways to ensure they can move forward with the sale in a timely fashion, while sellers are looking to maximize their profit in the face of a slumping market," says Christine Perrucci Smith, an associate with the Long Island Law Firm of Roe Taroff Taitz and Portman, LLP, who concentrates her practice in residential real estate law, wills, trusts and estates. "When it comes to residential real estate transactions, there is no 'one size fits all' approach," says Smith. "A residential sales agreement is generally a boilerplate contract but provisions may be added, deleted, or amended to fit the unique circumstances of the transaction." Smith says it sometimes appears to be a tale of two transactions, and offers guidance for both buyers and sellers when it comes to working with their attorneys to complete a residential real estate transaction.
Smith will be one of the panelists of an upcoming real estate-focused discussion hosted by the Holbrook Chamber of Commerce on Thursday, January 9, 2014 from 6:30 – 8:30 pm. Details are available at http://bit.ly/1cNAuET.
A Tale of Two Transactions
Whether you're the buyer or seller of a residential property, you can smooth the transaction by working with your attorney to ensure many details about the transaction are in place before you're sitting at the closing.
From the Buyer's Perspective
There are a few major items that any buyer should ascertain before moving forward to contract on a residential property, says Smith. Buyers need to:
From the Seller's Perspective
The seller is in charge of the transaction and has the responsibility for providing the necessary documentation to move the sale forward. It's in their best interest to make sure all the terms and conditions they want are included in the final, negotiated contract, says Smith. Sellers need to:
"When the parties are prepared and everyone understands their role and obligations in the process, it makes the residential real estate transaction a much smoother and happier experience for everyone involved," says Smith.
About Roe Taroff Taitz and Portman
Roe Taroff Taitz and Portman, LLP provides a wide variety of legal services to Long Island. Our attorneys have served the residents of Suffolk County for more than two decades. Comprised of attorneys, legal assistants and administrative staff, the firm provides support at various levels of legal expertise. Our resources are available to both businesses and individuals looking for experienced legal representation. The firm's primary areas of concentration include civil litigation, creditor's rights law, trust and estates issues, estate planning, admiralty claims, business counseling and real estate matters. For more information, please call 631-475-4400 or visit http://www.RTTPLaw.com.
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