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Buying or selling a home is the most important financial transaction most people undertake. Take time to protect your rights. Ask questions and seek the guidance and advice of qualified real estate experts. Protect Your Investment Consult a qualified real estate professional who will look out for your interests. Make sure your advisor is qualified, experienced and responsive to your questions and concerns and provides the following services: FOR BUYERS
FOR SELLERS
Attend closing and review all documents required to be signed by lender.
COMMONLY ASKED QUESTIONS AND ANSWERSQ. What is the first thing I should do before purchasing a home? A. A buyer should first consult a mortgage/loan broker to determine an affordable price Q. Should I hire a professional home inspector? If so, what is the best time to conduct the home inspection? A. The buyer should hire a professional home inspector to inspect the premises for structural defects, water, plumbing and electrical problems, the existence of termites and other pest, radon, urea formaldehyde foam insulation and lead paint, among other things. The best time for the home inspection to be conducted is after the buyer's offer to purchase has been accepted by the seller and before the purchase and sale agreement has been executed. Q. What documents is the seller required to bring to closing? A. Among the documents the seller is required to bring to closing is a smoke detector and carbon monoxide certificate which can be obtained from the local fire department, final water bill which can be obtained from the local water department, a 6(d) certificate if the property is a condominium and a new deed transferring ownership to the buyer. Q. Who does the closing attorney represent? A. If the buyer is using a mortgage loan to finance all or part of the purchase, the closing attorney represents the lender. Although the interests of the lender and the buyer are similar in many respects, in some respects these interests are conflicting and the buyer should not rely upon the lender's attorney for legal advice.
For answers to all your Real Estate questions, call the experts at DEVINE, BARROWS & DEVINE at (617) 723-8988 or email: Michael at mbarrows@dbdlaw.com or Charles at cdevine@dbdlaw.com for a FREE consultation.
Devine, Barrows & Devine practices in the following areas of law:
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