How can an attorney assist you?

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This may be the largest financial transaction of your lifetime. Yes, you may start with a form agreement. But you want the agreement to be completed in such a way, and modified as necessary, to reflect your interests. An attorney with experience in real estate transactions can help to protect you in this exciting time. Is there a broker or real estate agent involved? That’s great! Both the broker and the attorney have an important role in your real estate transaction. The broker or agent has expertise in locating and evaluating buyers, comparing comparable properties, estimating repair expenses, and helping you to negotiate with the other party. The broker or real estate agent also has experience filling in form agreements, but does not have an attorney’s experience or expertise in drafting or modifying contract terms, and reviewing title reports and title exceptions. For your own protection, please ask an attorney to review your agreement before you sign it. If there’s no time, consider including an “attorney review” clause in your agreement, giving you a few days to obtain that review and the right to terminate the agreement if your attorney doesn’t approve it. 

Real estate investors have unique interests. Whether you are a beginner investor or an experienced investor, the Law Office of Bonnie G. Ostrofsky, P.C. can provide valuable assistance.

• Review financial viability of proposed projects or sales terms
• Draft agreements for a particular transaction, or form agreements suitable for multiple similar transactions, including purchase and sale agreements, option agreements, installment sale agreements, and lease purchase agreements.
• Draft private loan documents, such as promissory or mortgage notes, mortgage agreements, and guaranty or surety agreements.
• Create entities, such as limited liability companies, corporations, and limited partnerships for asset protection
• Prepare deeds to transfer real estate or assignments to transfer ownership interests
• Negotiate and prepare buy-sell agreements, shareholder agreements, and partnership agreements
• Review title reports and title exceptions, such as covenants, easements and restrictions.
• Review legal descriptions of properties against surveys or plot plans
• Assist in comparing loan commitments and satisfying lender requirements

Bonnie G. Ostrofsky is an attorney licensed by the Commonwealth of Pennsylvania. If your project involves another state, an attorney licensed in that other state will need to assist in your matter to ensure compliance with the local laws, regulations and requirements of that state. This website does not create any attorney client privilege or attorney client representation. If you would like legal assistance from the Law Office of Bonnie G. Ostrofsky, P.C., please contact us to discuss whether we can be of any assistance, and the terms of any such representation.