Our real estate attorneys assist in the purchase and sale of residential and commercial property. We provide sound advice and knowledgeable guidance for the purchase or sale of residential or commercial real estate around the Greater Boston region.
For most people buying a home is the single largest investment of their life. Purchasing the home of your dreams involves substantial risks and obligations. A Massachusetts real estate attorney can guide you through the entire process, assisting you to avoid problems and unnecessary delay. A competent real estate attorney will negotiate the purchase and sale agreement to insure that the deal that you have negotiated with the seller is properly memorialized in writing. Furthermore, the real estate attorney will work work closely with your lender and track key dates in the purchase and sale agreement to prevent a loss of your deposit.
Prior to the closing, the real estate attorney will advise you on different important legal topics. The attorney will discuss the income tax, capital gains tax and estate tax consequences of owning a home. The attorney will also explain owner’s title insurance, an insurance that will protect you with defects in title such as undischarged prior owner mortgages or liens, fraudulent transfers, or even mistakes in property descriptions in the deed. The real estate attorney will discuss the benefits of having a Declaration of Homestead to protect your home against creditors and bankruptcy. The attorney will advise you on the different ways to take title to to the property and their legal ramifications. At the closing, the attorney will review and explain the documents prepared by the lender.
It is also advisable to have an real estate attorney upon the sale of your home to assist in negotiating the purchase and sale, resolving title matters, reviewing closing documents, and ensuring that the settlement statement accurately reflects all adjustments between the buyer and seller. A competent seller’s attorney will also advise their client on the capital gains tax consequences of selling the home and inform their client about avoiding paying capital gains taxes through a 1031 exchange.
Our real estate attorneys are located in Malden, Massachusetts and we serve clients throughout Norfolk County, Middlesex County and Essex County, Massachusetts. If you have a question concerning any of our areas of expertise or are in need of legal counsel, please contact our firm. We offer a no-cost initial consultation with an experienced attorney to assess your particular legal situation.We also offer legal services in Spanish and Italian.
The Purchase and Sale attorneys at Simmons & Schiavo concentrate in real estate matters and serve the Greater Boston and Boston’s North Shore region including the communities of Everett, Revere, Chelsea, Somerville, Cambridge, Medford, Arlington, Winchester, Woburn, Burlington, Stoneham, Melrose, Wakefield, Saugus, Lynn, Peabody, Salem, Marblehead, Swampscott, Norfolk County, Middlesex County and Essex County, Massachusetts.