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QUESTIONS YOU MUST HAVE ANSWERED BEFORE STARTING THE HOME BUYING PROCESS

To assist you in your homebuying process, we, as experienced real estate attorneys, can provide you with fourteen common real estate questions that we are often asked. You should be prepared to ask these questions as you begin this process.  Please note that these are general questions and may not be specific to your situation. It’s always best to consult with a qualified real estate attorney for legal advice related to your unique situation.

Here are some common questions:

  1. What are the property taxes for the property I am interested in purchasing and am I entitled to any exemptions/discounts?
  2. What are the zoning and permissible uses for the property I am interested in purchasing?
  3. Are there any liens or encumbrances on the property I am interested in purchasing?
  4. What are contingencies, and how will they protect me in a real estate transaction?
  5. What is a home inspection, and why should I have one?
  6. What is the process for closing on a property, and how long does it usually take?
  7. What is a title search, and why is it important?
  8. How can I be sure that the property I am purchasing has all the necessary permits and approvals?
  9. Can I sue the seller or real estate agent if they misrepresent the property or fail to disclose important information?
  10. What is a survey, and do I need one?
  11. How can I protect my real estate assets from legal liabilities?
  12. What is the process for refinancing a mortgage?
  13. What is the role of an attorney in a real estate transaction?
  14. What is the difference between tenancy by the entirety, joint tenancy, and tenancy in common, and which one should I choose?

This is not intended to be legal advise.  You should contact your attorney to discuss your specific situation.

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Jessica M. Mahoney  is a Partner at the firm and practices residential and commercial real estate.
She can be reached at 845-764-9656 and by email.

 

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