Real Estate: Sale, Purchase, or Refinance

The law firm of Leanza, Agrapidis & Maroules has extensive experience handling a wide variety of business and personal real estate needs. Many individuals hire an attorney for the first time when they get involved in buying or selling real estate. Our attorneys have extensive experience in helping individuals and businesses deal with the multitude of components with respect to real estate transactions which include:

Purchase of residential property
Purchasing a new home can be an exciting and yet challenging time as there is a vast amount of paperwork which can be confusing and stressful. Our attorneys can help guide you through this often frustrating process from contract to closing while making sure to protect your rights.

In New Jersey, buyers may often find their homes through a real estate agent or directly from the owner (known as "For Sale By Owner" of "FSBO" sale). Our team can help you through the attorney review period, the home inspections (including physical, termite, water, septic and radon gas tests) and the mortgage contingency. We will order and review your title search and survey. Our attorneys will be there with you every step of the way making sure to attend the closing with you, where we will explain the HUD-1 settlement statement and closing documents. After closing, we will make sure that you receive your recorded deed and title insurance policy.

Condominiums and cooperative apartments are special forms of real estate ownership. We will make sure that all essential steps are taken and all relevant documents are received (such as the Master Deed, By-Laws, and Rules and Regulations). We will also contact the condominium association or cooperative board of directors on your behalf to make sure that all procedures required are followed to complete your purchase stress-free.

Sale of residential property
The sale of real estate often involves a variety of financial and emotional considerations for the buyer and seller. Our staff is well-versed in the issues which can arise in the sale of a house. We will explore your goals and needs to help you to complete the home sale process with minimal stress.

We will review the proposed contract with you and make any necessary changes. During the pre-closing period, you will be reminded of any steps which need to be taken such as the obtaining of a smoke and carbon monoxide detector certificate and possibly a certificate of continued occupancy from your local municipality. If you have tenants, we can advise you of any and all notifications which must be taken regarding the sale of the property. At closing, the closing statement will be reviewed to ensure that accurate charges have been made for real estate commissions, realty transfer tax and mortgage cancellation fees. Our staff will prepare and explain the closing documents, including the Deed and Affidavit of Title.

Commercial Properties
Multi-family dwellings, apartment buildings, rooming houses, manufacturing facilities, gas stations, office buildings, diners and strip shopping malls are all considered commercial properties. These types of buildings often present varying and more complex issues than a residential real estate closing. You may require guidance in performing a Phase I environmental study, examining rent control registrations and/or obtaining a certificate of continued occupancy. Commercial lenders typically require many comprehensive closing documents to be signed by the borrower. Our attorneys have over 75 years of combined experience in this area and can help you to attain your goals when buying or selling commercial real estate.

Mortgage Refinance
Primary residences, vacation homes, and commercial properties may all be refinanced during the course of your ownership of the property. There are many different types of lenders who offer a wide variety of loans. All these lenders are subject to federal and state laws which require your signature. We can help guide you through the maze of paperwork needed to successfully conclude your refinance transaction.