Stages of real estate transactions
Preparing/Negotiating a purchase contract
- Drafting and reviewing purchase contracts to ensure clarity, fairness, and legal compliance.
- Negotiating terms and contingencies to protect clients' interests and achieve favorable outcomes.
Attorney Review Period
- Reviewing the purchase contract to ensure it aligns with the client's goals and legal protections.
- Typically 3 days to begin.
Deposits paid and/or collected
- Ensuring deposits are paid or collected in compliance with the contract terms and timelines.
- Safeguarding escrow funds and addressing any disputes related to deposit amounts or conditions.
Home Inspection Contingency Period
- Coordinating and reviewing home inspections to identify potential issues with the property.
- Negotiating repairs, credits, or adjustments based on inspection findings to protect the client’s investment.
Title Examination
- Conducting a thorough review of the property's title to identify liens, encumbrances, or other issues.
- Ensuring clear and marketable title transfer to protect the buyer’s ownership rights.
Securing Financing
- Assisting clients in navigating the loan application process and meeting lender requirements.
- Ensuring financing terms align with the purchase agreement and closing timelines.
Preparation of Closing Documents
- Drafting and reviewing all necessary legal documents for a smooth and accurate property transfer.
- Ensuring compliance with local, state, and federal regulations to finalize the transaction.
Closing the Transaction
- Coordinating the final transfer of funds and legal documents to complete the sale.
- Ensuring all parties fulfill their obligations, leading to a successful property transfer.
About Failla Law Group
Get Legal Advice Before Signing Any Documents
At the Failla Law Group, we are dedicated to assisting you and ensuring your transactions are managed with the utmost care and precision.
Please email us at vfailla@vjflaw.com. All inquiries will be responded to promptly.