Guiding You Through The Ever-Changing Real Estate Market
Recent tax reform laws have changed mortgage interest deductions for homeowners, but real estate purchases and sales in Massachusetts remain vibrant. A new generation of potential homeowners is entering the market with buying power. However, incomplete understanding of evolving real estate laws can be kryptonite to new home buyers. Finding the right mortgage lender or steering through the frustration of bidding wars for homes can be discouraging without the guidance of an experienced advocate.
At O'Connell & O'Connell, P.C., Attorneys at Law, we have a well-established network of resources to draw from to provide the real estate help you need. Whether you are buying your first home or selling your fourth home, let our comprehensive real estate law experience give you peace of mind during this time. We are not afraid of the ups and downs of the trending real estate market.
Choosing Your Real Estate Agent Can Be Stressful
When you are buying a home for the first time, there is much to consider. Is your down payment enough? Can you get more than one loan to purchase your home? How do you know there are no hidden defects in your home? What about counter offers? If you are selling your home, the stress is no less complex. While your real estate agent may appear to know the nuances of Massachusetts’ real estate laws, their narrow focus may miss essential details a lawyer’s eye is trained to catch.
A real estate broker negotiates agreements to rent, lease, sell, purchase, or exchange real property for a commission or a fee. The broker needs to ensure the deposit for the home is accepted properly, placed in an escrow account and the final transactions are accurately completed.
When selecting a real estate agent, make sure he or she is actively licensed and in good standing with the Board of Registration of Real Estate Brokers and Salespersons. Find out if their license has been restricted by disciplinary action resulting in revocation or suspension. Another vital key is to understand the role of your real estate agent clearly. Your agent may be:
- Buyer’s agent – representing you as a buyer exclusively
- Disclosed dual agent – you agree to your broker representing both you and the seller
- Facilitator – an agent who does not represent the parties, but rather helps the seller and buyer reach an agreement in the real estate transaction
It is also important to get all matters related to the transaction in writing, such as:
- Accurate property description
- Promises about the property or sale are included
- Who will hold deposit funds
- How disputes will be resolved
- Home inspection reports
At O'Connell & O'Connell, P.C., Attorneys at Law, our attorneys have over 40 years of combined experience to draw from to help you with all aspects of your real estate transaction. We are approved agents for Old Republic National Title Insurance Company, CATIC Title Insurance Company and First American Title Insurance Company.
Select A Team Of Caring And Experienced Real Estate Lawyers
No matter if you are buying or selling your home, working with an experienced lawyer can alleviate the stress of the transaction. Email us or call us today at 508-281-1650 for a free consultation to learn more. Our client-centered father-daughter team has the experience to streamline your real estate transaction.