Sales and Purchases
During any real estate transaction, whether you are buying or selling, it is an unfortunate reality that legal issues can arise. One of the best ways to prevent problems that can delay closings and lead to unnecessary expenses is to work with a Passaic County sales and purchases attorney. At Bavagnoli & Bavagnoli, we have 27 years of experience helping clients navigate real estate transactions while avoiding serious legal issues. We are also skilled negotiators and experienced in resolving sales and purchase conflicts to the satisfaction of all parties involved. If you are involved in a real estate dispute or are in need of a lawyer during a purchase or sale, we can help.
When an Attorney Can Help
A variety of issues can arise when buying or selling real estate, whether on the residential or commercial side. Having a real estate attorney in place to advise you during this process can ensure that everything goes smoothly.
Since real estate agents and brokers are legally barred from giving legal advice, their focus only extends to the details of the sale. In addition, agents are protected by law, so if you agree to a contract clause under their advice and it turns out to be the wrong decision, you cannot sue them after the fact. This is why it is typically in your best interest to work with a sales and purchases attorney in Passaic County who can help prevent these kinds of situations.
Whether you need assistance negotiating a sale or purchase or want to get sound legal advice on the best course of action for a real estate transaction, Bavagnoli & Bavagnoli will protect your interests and provide honest advice that is in the client’s best interest.
Common Purchase and Sales Issues
Many issues can arise during a purchase or sale. Issues with inspection or financing contingencies, missing or incorrect loan documents or titles during the escrow process, and other snags can cause delays to closings and unexpected expenses.
There are also many larger problems that can cause serious issues for the buyer or the seller. In these cases, it is essential to work with a sales and purchases attorney serving Passaic County.
One common scenario happens when the seller backs out of the deal or breaches the contract without a valid legal excuse, and the buyer requires legal assistance. For example, if a seller decides suddenly that they no longer want to sell their home or gets a better offer, it is legally impermissible to back out of the sale. In this case, the buyer can file a lawsuit known as a suit for specific performance, which effectively orders the seller to sell the property under the agreed upon contract.
In other cases, the buyer may refuse to close the deal without a legally acceptable reason, in which case the seller can file a lawsuit or request mediation or arbitration. In such cases, damages can be difficult to determine unless the contract includes a specific dollar amount for a contract breach, also known as a liquidated damage provision. This is why working with a knowledgeable and experienced lawyer is crucial.
In either of these cases, working with an attorney is in your best interest. If you are unsure whether or not you have a case, contact us for a free consultation to learn more about your legal rights.
Working with Bavagnoli & Bavagnoli
If you are experiencing a real estate issue, Robert J. Bavagnoli and his team can help. We are a small firm that works closely with each and every client to help them get the best possible outcome. We believe in clear and honest communication and in working to do what is best for our clients. As a local Passaic County sales and purchase attorney for nearly three decades, Mr. Bavagnoli can provide the knowledgeable, individualized attention you need.
Get in touch with us today at 973-785-9522 to find out more about your case.