There are many services a real estate attorney will need to provide. You can expect the Law Office of Chris Albanese to provide the services stated in the next section. There are some questions that may need to be addressed in purchasing agreement, which can require changes. Some questions are:
Most buyers will finance a substantial portion of their purchase with a mortgage loan. The purchase agreement will contain a carefully worded provision that is subject to the buyer's obtaining a commitment for financing.
Without a real estate attorney for your home buying purchase, you increase your chances of being sued by the opposing party for failure to disclose certain information. This is just one more reason to hire a real estate lawyer as soon as you look into buying a home.
Forty percent of all closings happen at the end of the month. This means that lenders, real estate agents, appraisers, title searchers, real estate lawyers, and everyone else involved in the closing process are swamped. You should seek to close during the first three weeks of the month if at all possible.
Please be aware that, THE CLOSING DATE CAN BE EXTENDED BY ANY PARTY BY 30 DAYS WITHOUT THE OTHER PARTY'S OKAY UNLESS YOUR CONTRACT READS "TIME IS OF THE ESSENCE."
Home inspections - caveat emptor - let the buyer beware. As a general rule, if you do not find a problem during a home inspection, you will end up absorbing the cost of fixing it. Hire a good home inspector. Check for lead paint - especially if you have, or expect to have, children.
Southeastern Connecticut was once home to huge glaciers. As they melted away, they deposited millions of tons of rock of every size. One of the many natural components of those rocks is uranium, which emits a gas called radon, as it decays. Radon can cause damage to your lungs as you breath it in.
Radon testing is not required in Connecticut and there is no legal limit for it. (There is a recommended limit of 4 picocuries/liter.) The Law Office of Chris Albanese recommends, however, that everyone buying a home here, have a home inspection and during that inspection, test for radon. Radon is typically measured in the lowest occupied level. If is also a good idea to test the lowest level in the home, even if it is an unfinished basement, and to test your water if the home has a well.
Check out this link to the Connecticut Department of Public Health Radon Program.
Buying a house is an exciting time and the more you know about the process, the more relaxed you’ll be going through it. Your CT real estate attorney can help you understand exactly what will happen at your closing.