Cdm, Home Buyer in bk ny

when buying a home is it the buyers responsibility or the realtor responsibility to deal with the real estate atty?

Asked by Cdm, bk ny Wed Mar 9, 2011

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Dealing with the attorney is very crucial in the real estate transaction.The buyer needs to be aabreast with every aspect of the transaction. If there is something that needs explaining then the buyer should ask it as soon as poosible. As the buyer you will be dealing very closely with him, don't be afraid to ask questions and expect times you will not understand. But ask questions until you do understand. You as the buyer will be the one to make the decision to proceed or move on to another property if this one does not meet your goals...Good Luck
0 votes Thank Flag Link Sat Mar 12, 2011
The buyer should be in direct contact with his/her attorney. The Realtor should be there to assist in any way possible and make the process as smooth as possible.

Corey Wasserman
Bergen Basin Realty
0 votes Thank Flag Link Wed Mar 9, 2011
It is the buyer's responsibility to deal with his/her attorney; your agent cannot make decisions on your behalf...
0 votes Thank Flag Link Wed Mar 9, 2011
Communication is the most important key to any relationship! Your Realtor® is there to keep his eyes and ears open to all the aspects of the process. That being said as the buyer you should also keep in touch with the process. Inspect what you expect. Expectations should be discussed from the very beginning and agreed upon. Everyone involved with the process brings something to the table.
0 votes Thank Flag Link Wed Mar 9, 2011
You will deal with your own real estate attorney (it is helpful if the attorney is friendly towards Realtors) and the seller will deal with theirs. The two attorneys then deal with each other.

Typically, the Realtor is the hub that communicates with all the spokes that wheel the deal together.
Web Reference: http://gailgladstone.com
0 votes Thank Flag Link Wed Mar 9, 2011
You have your attorney watching out for your interests& the seller has their own atty. 4 their interest,thus, each attorney wants direction from their client. At times the Real Estste professional (one who is a member of the National Board of Realtors & one of their local branches can call oneself a Realtor) has to lead the caravan to closing, get participants over bumps in the road, get everyone to the same table& in order toget that done my call on the buyer or seller tolight fire under their atty& or bank.
I hope this helped?
0 votes Thank Flag Link Wed Mar 9, 2011
Dear Cdm:

The answer is both. As a buyer you need to inform your attorney about all aspects of the transaction and make sure he is aware of your most important concerns as he or she will be protecting your best interests from a legal standpoint. If you have any questions or concerns you must discuss them with your attorney and remember, better safe than sorry.

The real estate agent will also be communicating with your attorney and forwarding all the deal information some of which you may not have such as the sellers full name and/or the seller's attorney. A professional real estate agent will also be in constant contact with both the buyer's and seller's attorney to make sure the deal is moving forward without a hitch. Also, if any problems arise, you, your attorney and the real estate agent will usually work hand in hand to gets things resolved (hopefully!).

If I can be of further assistance please let me know. Good luck!

Sincerely,
Mitchell S. Feldman
Associate Broker/ Director of Sales
Madison Estates & Properties, Inc.
Office: (718) 645-1665/ Cell: (917) 805-0783
Email: MitchellSFeldman@aol.com
0 votes Thank Flag Link Wed Mar 9, 2011
Usually the buyer has the most contact with the attorney. But a realtor can deal with them also, especially if it helps the transaction go more smoothly. I've found that alot of buyers feel better when I keep in touch with every aspect of home buying: inspectors, attorneys, lenders, etc....and then I update them!
0 votes Thank Flag Link Wed Mar 9, 2011
In NC each side of the deal uses their own attorney, but as an agent I normally try to deal with the attorney for the most part. Attorneys like to deal with who they are working for so the seller or buyer can expect to have some dealings with their attorney. I am not sure how NY does it, in some states the attorney works for neither buyer or seller but rather they work for the bank to close the deal. Most of the time your agent should be dealing with the lawyer, but there will be times when you will have to.
0 votes Thank Flag Link Wed Mar 9, 2011
If it is the buyers attorney they are responsible as the attorney can not take direction from anyone other than their client. The realtor should stay on top of everything but it is the buyers responsibility to speak to their attorney
0 votes Thank Flag Link Wed Mar 9, 2011
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