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Real Estate
Cohen & Sales, LLC is a Cambridge firm dedicated to the practice of real estate law. Our residential real estate practice includes assisting clients in the purchase and sale of real estate, including advising clients regarding title issues, their rights and obligations pursuant to the purchase and sale contract and under Massachusetts law, and preparing, reviewing and explaining closing documentation.
We also advise clients and prepare documents needed to achieve condominium conversions. We represent buyers and sellers in Boston and its surrounding suburbs. If you are thinking of taking advantage of today’s hot real estate market by buying or selling a home, please take a moment to review this page, then contact us to see how we can help you.
What can I expect from the purchase process?
When a property owner decides to sell his or her home, he or she generally lists it with a real estate agent. Then, often after the property is listed, a potential buyer will make a formal offer (“Offer”) which is accompanied by a deposit to bind the transaction. The property seller will then formally accept the “Offer” in writing, and that written document becomes a binding contract to sell the property, committing the buyer and seller to the transaction. The buyer and seller then will negotiate a Purchase and Sale Agreement (“P&S Agreement”), which once finalized will become the legally binding agreement, committing the buyer and seller to the transaction and setting forth the rights and obligations of all parties.
Why do I need a lawyer?
The extra cost now can save you money and stress in the future! The “Offer” and “Purchase and Sale Agreement” are written contracts that legally bind the parties to the transaction. Although the documents may seem clear on their faces, they may contain provisions that are unfavorable and create liability for either party. Having an experienced lawyer review, negotiate and prepare the documents will ensure that you are fully informed about your rights and obligations, and could protect you from possible litigation resulting from ambiguous or unclear terms.
Why can’t my broker advise me?
Your broker is not allowed under Massachusetts Law to provide you with legal advice. When you are negotiating the P&S Agreement, there are many issues that may come up of a legal nature. With an experienced lawyer to help you sort through these issues, you will make the most informed decisions possible.
What if I am not using a broker?
In today’s market many people choose to buy and sell property without the assistance of a real estate broker. If you decide to take this route, Cohen & Sales, LLC can assist you in every phase of the process, providing you not only legal advice but also guidance regarding your obligations which are normally met by the broker.
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