Once we have accepted your offer and the home inspection has been completed, the next step in the process is the attorney review. Here's what you need to know:
1. Contract Review: After we accepted the offer and the inspection is done, our attorneys will review the sales contract. This review includes examining all terms and conditions to ensure everything is correct and in your best interest.
2. Negotiations: During this review period, attorneys may negotiate on your behalf to adjust or clarify any terms in the contract. This can involve changes to the price, sale conditions, or addressing any issues discovered during the inspection.
3. Contract Signing: Once all terms are agreed upon and the attorneys are satisfied with the contract, both parties will sign it. This signed contract is legally binding and marks the start of the closing process.
4. Review Period: In New York, there is typically a 3-day business period during which either party can request changes or cancel the contract without penalty. This allows time to carefully review and consider the agreement.
5. Next Steps:
After the attorney review, we will proceed with preparing closing documents, securing financing, and completing any remaining steps necessary to finalize the sale.
The attorney review is a crucial step to ensure that the contract reflects all agreed terms and that your interests are protected. If you have any questions or need further clarification, please let me know.
