Residential Real Estate The Stark & Stark Residential Real Estate practice has extensive experience assisting buyers and sellers of property, whether a primary residence, vacation home, or investment property, in covering simple to more complex real estate transactions. Practice Services The buying and selling of property is one of the largest financial commitments and potentially one of the most stressful endeavors, a buyer or seller can undertake. Once an owner decides to sell a property, he or she generally lists the property with a real estate broker. After the property is listed, a “buyer” will make a formal offer that is most often secured by a deposit. If the property owner accepts the offer, a contract is prepared by the buyer’s realtor, which sets forth the rights and obligations of both parties with regard to the sale of the property. That contract is subject to a three-day attorney review period during which either the buyer’s attorney or seller’s attorney can negotiate changes, disapprove the contract and terminate it altogether. Once the changes to the contract are successfully negotiated or the three days pass without the contract being disapproved, the contract becomes binding. Client-Driven Approach Hiring an attorney guarantees that you will receive an expert, unbiased explanation and evaluation of a contract. Our residential attorneys work to negotiate fair and reasonable terms and to help you avoid pitfalls of which you may be unaware. At first glance, you may think a contract is clear and easy to understand, but it may contain provisions that are unenforceable or create more liability than you realize. Litigating your rights after the fact can take years and cost thousands in legal fees. For Sale By Owner – FSBO! Some people choose to sell their properties on their own without the help of real estate agency. While this approach can save you thousands of dollars in commission, it also can expose you to liabilities and headaches of which you were unaware. If you decide to sell a property on your own, you should consult an attorney before you consider accepting an offer.