Home Buying in 11554>Question Details

crisd21, Home Buyer in New York, NY

Do I need an attorney to review a written offer?

Asked by crisd21, New York, NY Sun Sep 9, 2012

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Good morning crisd21,

In general you do not need your Attorney to review the written offer, but you can certainly run it by your Attorney at any time. I would never tell a client, "NO, you should not review that docment with your Attorney," when the client is making the biggest financial decision of his or her life. Your team of Professionals---including your Attorney---are there to provide information and feedback so that you can make the best decision for YOU.

A good real estate attorney seeks to do two things in a purchase transaction:

1. Protect her client. This includes a review and revision of the contract of sale to remove any harmful language/requirements. Also a review of the title report to verify there are no obstructions to you, the Purchaser, receiving a good "clean" title at closing. Lastly, a thorough review and explanation of the closing documents.

2. Help the Purchaser accomplish the goal of homeownership. A good real estate attorney understands that buying a home is a happy time: someone's dream is about to come true! Thus, the adversarial nature of the contract transaction gets toned down to a matter of reasonable conversations betwen the Purchaser's and Seller's attorneys. This isn't a lawsuit or divorce case, so the good real estate attorney has to tone down the rhetoric and find reasonable compromises---while still protecting his client---so that the goal of the contract is achieved: a home purchase.


Hope that helps!

Trevor Curran
NMLS #40140
Mobile: 516-582-9181
Office: 516-829-2900
Fax: 516-829-2944
PowerHouse Solutions, Inc.
185 Great Neck Rd, Suite 240
Great Neck NY 11021
Licensed Mortgage Banker – NYS Dept. of Financial Services
NMLS#3528
0 votes Thank Flag Link Tue Sep 11, 2012
Crisd21,
A written offer is not binding here, only a contract signed by the seller which is why you need a local experienced real estate attorney on call so that you can move quickly to secure the property and iron out the details of the contract and the whole process from contract to closing.
Jolie Muss
Licensed Real Estate Broker & Brokerage
"The Upper West Side's Buyer Broker"
331 Columbus Avenue, New York, NY 10023
Office: 212 721-3301 Email: broker@joliemuss.com
Website: http://joliemuss.com Trulia: http://www.trulia.com/profile/jolie
LinkedIn: http://www.linkedin.com/in/joliemuss
Web Reference: http://joliemuss.com
0 votes Thank Flag Link Mon Sep 10, 2012
No, an attorney is not needed to put an offer on a property. But you should have one at that time in case your offer is accepted and want to move quickly to the signing of the contract. Each party (seller and buyer) is represented by an attorney of their own. Highly recommend getting one who specializes in real estate law.

You also don't need a real estate agent of your own when buying a home but having one can guide you through the whole process.
0 votes Thank Flag Link Sun Sep 9, 2012
Attorneys don't normally review the actual offer. Your agent can help you determine if the offer is "good" or not. The attorney will assist you with the contract details...contingencies etc.
0 votes Thank Flag Link Sun Sep 9, 2012
You will need an attorney in the long run when purchasing a home.

I hope this answered your question! If you have any further questions, please feel free to contact me by the ways below.

Wishing you the best of luck,

De Vonte Williamson
Licensed Real Estate Salesperson
Proudly Serving Long Island
Coldwell Banker Residential
Direct:(631)638-6193
Mobile: (631)384-3695
cbmoves.com/DeVonte.Williamson
http://devontesellsny.wordpress.com/
"I Stand Behind Getting You Results!
0 votes Thank Flag Link Sun Sep 9, 2012
Generally no; but you will need an attorney to handle contract details...
0 votes Thank Flag Link Sun Sep 9, 2012
Not really, It's a starting point but before anyone actually signs
a document like this, some professional advice should be
taken. It is up to both sides to get the best deal they can.

Fajardo Delacruz
Licensed Real Estate Agent
Century Homes Realty Group llc
Direct Line: 347-932-0609
0 votes Thank Flag Link Sun Sep 9, 2012
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