Legal Documents for Property Selling

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Commonly Asked Questions about Legal Documents for Property Selling

What are the three most important documents in any sale of property?

Youll need a variety of documents in order to sell your home. Some of the most important include your mortgage loan documentation, mandatory disclosures and the deed.

How to sell your house in NY?

⚡ Find an experienced local agent and get a 1.5% listing fee discount! Find a top-rated New York real estate agent. Decide when to sell your home. Price your home. Prepare, market, and show your home. Field offers and make counteroffers. Get an inspection and appraisal. Submit paperwork and required New York disclosures.

Do I need a lawyer to sell my house in NYS?

Although attorneys arent a required part of real estate transactions in many states, the local custom in New York is for both sellers and buyers to be represented by their own counsel. This article explores the specific roles that a sellers agent and attorney play in a New York State home sale.

Can you sell your house without a realtor in NY?

Yes, you can! Just sell your house by owner in New York, like 10% of all home sellers. FSBO saves you more than just moneyit saves you time too. 77% of FSBO homes sold within 2 weeks compared to the 4-12 weeks with an agent.

Does a seller need an attorney at closing in NY?

If you are buying or selling a home in the state of New York, it is required that you work with an attorney to process all contracts and represent you at the closing.

Who draws up the contract for the sale of a property?

Typically, after the buyer has tendered an offer and the seller has accepted the offer, an attorney is hired to draw up a contract of sale, examine the title, draft a deed, and close the transaction. However, the involvement of an attorney is not strictly necessary in the drafting and executing of the contract of sale.

Does NY require a lawyer at closing?

Does a Seller Need an Attorney at Closing in NY? In New York, hiring an attorney to handle the closing of a real estate transaction is both highly recommended and legally required.

Can you sell a house in NY without a lawyer?

If you are selling a home in New York state, you will need to hire not only a real estate agent to market and negotiate offers on the property, but also an attorney to prepare the contract of sale and to represent you at the closing.