Why do you need an attorney for the purchase or sale of Real Property?

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[caption id="attachment_353" align="alignleft" width="202" caption="Carbone & Carbone LLP - Selling your House in Saratoga NY & Lake George NY"][/caption] In order to purchase or sell real property you must first enter into a written contract. A lawyer is then needed to review and approve the contract. They will make sure the parties to the contract are the ones buying or selling the property. They also make sure the property being sold is adequately identified and that the use of the property is specified in the contract, such as single family residential. An important element for the purchaser is the mortgage contingency paragraph. A lawyer can explain what is needed to meet the contingency within the time frame set out in the contract. If representing the purchaser he should recommend an…
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