The attorneys at Guttmann & Kellner P.C. have 30 years of experience handling residential contracts and closings. We have represented purchasers and sellers throughout Long Island, New York City and the Mid-Hudson Valley and understand that this may be the largest and most important transaction in your life.
That is why at Guttmann & Kellner, P.C. only one of our attorneys prepares or reviews the contract for sale and only one of attorneys attends the closing. We won’t ship your file off to a paralegal. Your questions will be answered by an attorney and all legal work on your closing is done by our attorneys.
Buying your Home
You’ve shopped around, seen dozens of houses and now have found just the right house. The hard part is over, now is the time to contact a law firm that has the experience to walk you through each step of the process; from the engineer’s report to contract, through the mortgage application and finally to the closing.
Engineer’s Report
Before you enter into a contract to purchase a home it is essential that you have a qualified engineer perform a thorough inspection of the entire house. Does the house need a new roof? How sturdy is the foundation? What about the heating, plumbing and electrical systems? Once the inspection is complete, the engineer’s written report will be read by our attorneys. Any questions that you have concerning the physical condition of the house must be addressed.
The Contract
As the buyer who is depositing a large down-payment, you will want a real estate contract that protects you if the deal should fall through without any fault of your own. The attorneys at Guttmann & Kellner P.C. insist upon a mortgage contingency clause which protects your down-payment in the event that you are unable to obtain a mortgage. A solid contract must protect both parties. All contingencies must be considered so that if problems arise you are protected.
Mortgage Process
Once the contract is signed, you as the buyer must find the mortgage that best suits your budget. The attorneys at Guttmann & Kellner P.C. will be available to answer all your questions as you sort through the various types of mortgages and lending institutions.
Title Searches
Simultaneous to the mortgage process, the attorneys at Guttmann & Kellner, P.C. make sure that the seller can convey title to the property to you as specified in the contract. A title search needs to be performed to determine if the house you are about to purchase is free of encumbrances.
The Closing
You will probably sign your name more times at the closing that at any other time in your life. Dozens of state tax forms and mortgage documents must be executed and the attorneys at Guttmann & Kellner P.C. will be present to walk you through the entire process.