Long Island Real Estate Transaction Lawyer
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For most individuals the purchase and ownership of real estate represents the largest financial transaction of their lifetime. For investors, small or large, real estate can form the core of their portfolio. In every aspect of purchasing, selling or the continued ownership of real estate there remain many legal and financial questions that only an experienced professional can evaluate. A real estate contract can bind you for hundreds of thousands of dollars and an improperly structured mortgage can result in tremendous expense and even possible loss of the property. Most seasoned investors have a Long Island estate planning attorney on board as part of their team and even homebuyers can benefit greatly from doing the same.
Consider the purchase of a home or a condominium. An hour or two spent with a real estate attorney can potentially save you thousands over time or prevent you from making a very costly mistake. The Contract of Sale should be reviewed, as should the financial impact on your tax situation and current income. Property title issues or problems with a homeowner's association can cause future difficulties that you will certainly want to avoid. Without doubt the mortgage and how the property is to be financed is an area that is rarely given an in-depth analysis, yet it will bind you for years to come. How one takes title and if any non-family members might be involved are other areas of consideration.
Handling Real Estate Transactions in Long Island
The attorneys at Michael J. Brescia, P.C. have an extensive background and education in the area of business and real estate law. Aside from our strengths in managing real estate transactions we have expertise in finances, estate planning and business law. This means that we can look at your potential real estate transaction with a well-rounded view. How it will integrate into the other sectors of your life can be a crucial part of any decision and of how the transaction is to be structured.