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Real Estate Law Blog

Blog

A Strong Contract Lays the Foundation for a Successful Real Estate Transaction

Posted on January 22, 2017 at 3:43 PM
Buyers and sellers involved in a residential or commercial real estate transaction have different issues and goals. The real estate contract or purchase agreement is the single most important document in the transaction. A well drafted contract that accurately reflects your interests and addresses potential problems is critical to a successful real estate transaction.  At the Law Office of Jeanne M. Reardon, we have more than 20 years of experience negotiating, drafting and reviewing contracts.

A strong, well drafted contract provides the protection you need by anticipating and minimizing the risks involved in buying and selling real estate.  Jeanne M. Reardon has the knowledge and experience that it takes to negotiate and draft real estate contracts that aim to protect her clients' interests, their down payment and lessen their overall risks.  

The standard New York real estate contract does not ordinarily include all the nuances of your particular transaction.  Usually the real estate broker will submit the basic terms of the deal such as purchase price, down payment, financing terms and nothing more.  Only an experienced real estate attorney will have the knowledge to anticipate all the issues at hand and ensure that they are properly addressed in the drafting and negotiating of the real estate contract. 

Some issues that an experienced real estate attorney will anticipate and aim to have addressed in a contract include:

  • Additions or renovations to the property with missing certificates of occupancy
  • Willful or negligent loss of the down payment by the seller's attorney
  • Underground oil storage tanks
  • Death of the purchaser prior to the closing

Attorney Jeanne M. Reardon is licensed to practice in New York, and she has extensive experience in handling real estate contracts, including Fannie Mae REO contracts. 

Contact a Skilled Long Island Real Estate Attorney

Whether you are buying or selling your home, please do not enter into a contract before contacting our office because no standard contract can adequately address all the special circumstances of your transaction.

Our services can help to protect your interests, and save you time and money.

We provide a free initial consultation to all of our potential clients. To discuss your real estate issue with an experienced Long Island real estate lawyer call 516-314-8433 or e-mail us.


Categories: Home Buying and Selling, Real Estate

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