Consultation Request Forms

Massachusetts Residential Real Estate Attorney

Residential Real Estate Attorney: Boston, Cambridge, and Eastern Massachusetts

Anyone buying or selling a home is entering into a legal contract for hundreds of thousands of dollars. Getting advice from an attorney throughout the process can help prevent problems that could lead to litigation or loss of your deposit.

Once a homeowner decides to sell his or her home, they generally list their home with a real estate broker. Once the property is listed a potential buyer will make a formal offer that is secured by a deposit. If the property owner accepts the offer, a formal acceptance is signed that creates a binding contract to sell. The buyer and seller then begin to negotiate a purchase and sale agreement. A purchase and sale agreement is a legally binding contract commits both the buyer and seller to the transaction and explains what both parties' rights and obligations are regarding the sale of the property.

Massachusetts is an attorney-closing state, which means there will always be an attorney involved in the transaction. If you also need an attorney if you are refinancing through a lender. While you don't need an attorney to review the purchase and sale agreement, it can be very cost-effective to do so.

Why Hire a Real Estate Attorney?

A few hundred dollars today could save you thousands later. Why? Once the purchase and sale agreement is signed, both parties are legally bound by the terms of that document. While you might think that the purchase and sale agreement is clear on its face, it may contain provisions that are unenforceable or create more liability than you expected. Having an attorney review the purchase and sale agreement is a good idea since it trying to litigate your rights under the agreement could take years and cost you thousands of dollars.

At Grantham & Associates, P.C., our attorneys work for you and promise to look out for your best interest. Whether you are buying or selling a condominium, house, or land, we offer affordable flat rates and services that are tailored to meet your needs. Moreover, we offer a free consultation and you pay nothing until closing.

Why Can't My Realtor Review the Purchase and Sale Agreement?

Your realtor specializes in helping you buy or sell your home. They are not qualified — nor are they permitted — to offer you legal advice. However, the main reason you should not rely on your realtor to review or draft your purchase and sale agreement is that your realtor is an interested party in the sale of a piece of real estate. This means that a realtor only gets paid if there is a sale, so it is in their interest to ensure a sale, even if the terms of the sale are not in your best interest. Hiring a real estate lawyer guarantees that you get an expert, unbiased explanation and opinion of the contract. Moreover, your real estate lawyer will work to negotiate fair and reasonable terms on the purchase and sale agreement and also represent you in the closing.

We can help you negotiate repairs or price bases on the inspection of the property. If your lender requires terms or obligations that are not normally required, we can help you negotiate better terms. If you haven't picked a lender, we also have a good network of lenders we work with.

For Sale by Owner!

More and more people are choosing to sell their home without the assistance of a real estate broker. While this approach could save you thousands of dollars in real estate commissions, it also opens you up to many new liabilities. If you decide to sell your property on your own, you should consult an attorney before you ever consider accepting an offer. At Grantham & Associates, P.C., our real estate lawyers have experience helping individuals sell their homes without realtors. We will provide you with offer and acceptance letters, act as your escrow agent and ensure that your sale goes smoothly. Contact us today to discuss our low rates and find out how we can help you.

Free Consultation:

If you still have questions, or would like to find out more about our low flat rates, simply fill out our free consultation form or call us 617-497-LAW1 (5291) to speak with an attorney at your leisure.

---

 

The lawyers at Grantham & Associates serve real estate clients in Boston, Cambridge and eastern Massachusetts, including Braintree, Brockton, Chelsea, Somerville, Peabody, Quincy, Saugus, Winthrop, and the following counties: Essex, Middlesex, Norfolk, Plymouth, and Suffolk