Massachusetts Seller Disclosure Laws

 

Foreclosure pic
Disclosure
Image: bankrate.com

Palm Beach-based real estate attorney Henrietta Feldman has nearly 17 years of legal experience. Before relocating to Florida, Henrietta Feldman obtained her licensed in Massachusetts, where she concentrated on real estate negotiations and transactions for almost a decade.

Ms. Feldman provided assistance to both buyers and sellers navigating the state’s complex legal requirements. Property sellers in Massachusetts have several disclosure obligations they must faithfully meet before closing any transaction.

Though the level of disclosure differs if the seller is a private individual or a professional real estate agent, generally the buyer must be notified in advance of any defects, the presence of lead paint, or if the property uses a private sewer disposal system. Buyers should also receive clear and truthful answers to any questions they pose about the property’s condition.

Sellers who provide false or misleading information and real estate agents who do not report bad conditions that were brought to their attention could be held liable by the buyer after the transaction is complete. To ensure protection for both parties, it is recommended that both buyers and sellers in the Massachusetts property market hire qualified real estate attorneys.

Advertisements

Four Important Points to Real Estate Negotiations

 

Real Estate pic
Real Estate
Image: investopedia.com

A real estate lawyer with nearly two decades of experience, Henrietta Feldman serves as principal attorney at the Law Office of Henrietta Feldman in Palm Beach, Florida. Henrietta Feldman advises clients on all matters of commercial and residential real estate law, including negotiations. The following list covers some of the points a real estate attorney helps their clients understand and navigate regarding real estate negotiations.

1. Closing costs. The buyer in a real estate transaction must pay prepaid closing costs for their mortgage. The mortgage lender holds this money in escrow for use on items such as insurance and taxes. These amounts can vary from a flat dollar amount toward the closing cost, to an allowable percentage for a lender contribution.

2. Closing dates. Sellers who want to quickly remove their capital from a home may push for a speedy transaction, which may affect the buyer’s cash flow once the home is in their possession. Furthermore, the buyer skips the following month’s mortgage payment after they purchase the home.

3. Financing contingencies. The presence of a finance contingency clause in a home purchase and sale contract means the buyer’s offer is contingent on being able to obtain the appropriate financing. A buyer can avoid financing contingencies and shorten the closing time line by acquiring preapproval for their mortgage payments prior to making an offer.

4. Time pressure. Time pressure can have a significant effect on real estate negotiations, particularly for sellers who need to sell their home as soon as possible due to specific circumstances. For instance, sellers behind on their mortgage payments or who require the money to pay off debts may put the need to sell over price.

Buying Commercial Property for a Business – Benefits and Tips

 

Commercial Property pic
Commercial Property
Image: inc.com

Henrietta Feldman is an accomplished real estate attorney in Palm Beach, Florida. There, Henrietta Feldman guides buyers and sellers of both residential and commercial properties, including those seeking to purchase real estate for their businesses.

Many business owners will eventually face the decision of whether to buy or to rent. Although renting does have its advantages, including flexibility of location, buying offers a business the freedom of adapting the property for its own use. Meanwhile, the business also enjoys the economic benefits of buying, which include freedom from fluctuating rent and the possibility of receiving tax advantages.

To gain the most benefit from a purchase, a business owner must think carefully about the location and size of the building he or she needs. Proximity to customers, employees, and vendors, as well as rail and highway access, are likely to be important to buyers, as is the certainty that local zoning laws allow for their type of business. Relatedly, if the business may wish to make changes to the property in the future, the owner may want to check in advance to verify that this will be possible.

The business owner should also consider whether the company will use the entire property or rent some portion of it, as the need to lease may bring up additional legal and logistical concerns. Experts recommend that business owners examining these considerations should seek the support of a broker and accountant as well as a real estate lawyer, who can advise the buyer through all stages of the transaction.

Top-Rated Running Routes in and near Palm Beach, Florida

 

Lake Trail pic
Lake Trail
Image: thepalmbeaches.com

An attorney who has practiced real estate law since 1999, Henrietta Feldman enjoys running in her free time. As a resident of Palm Beach, Florida, Henrietta Feldman has access to a number of popular running routes, including the following:

1. Lake Trail: This six-mile path extends from the Royal Park Bridge to the northern tip of Palm Beach island. Along with the way, runners can take in a mix of natural and man-made scenery. Highlights include the West Palm Beach skyline, the Intracoastal Waterway/Lake Worth, and the mansions of Palm Beach.

2. Flagler Drive: Runners on the western side of the Intracoastal Waterway/Lake Worth will enjoy similar water views on this seven-mile route. According to one expert, Flagler Drive’s best section is the four-mile stretch south of the Royal Palm Bridge.

3. John Prince Park: West Palm Beach’s John Prince Park offers close to seven miles of paths near Lake Osbourne. The park is located close to I-95 and the Lake Worth light rail station, thus allowing for easy access for anyone in the Palm Beach/West Palm Beach area.

A Brief Overview of Purchase and Sale Agreements

 

Purchase and Sale Agreements pic
Purchase and Sale Agreements
Image: thebalance.com

A graduate of Boston University Law School, Henrietta Feldman oversees a private legal practice in Palm Beach, Florida. Focused on real estate law, Henrietta Feldman assists individual and commercial clients with various matters, including purchase and sale agreements.

Also known simply as a purchase agreement, a purchase and sale agreement is a legal document that is drafted after the buyers and sellers in a real estate transaction mutually agree to a purchase offer. The agreement is one of the final steps in the home-buying process, and it outlines the terms and conditions of the purchase.

The information in a purchase agreement can vary, but it typically includes the final sale price, approximate closing date, commission details, and any contingencies stipulated by the potential buyer. Conditions and contingencies of sale may cover details related to financing, home inspections, and/or needed repairs.

In addition to terms and conditions of sale, the agreement will include details about the earnest money deposit, which is submitted by the buyer. The deposit is typically around $1,000, and it is usually nonrefundable if the buyer walks out on the purchase and sale agreement without legal cause.

Five Healthy Reasons to Develop a Regular Running Habit

 

Regular Running Habit pic
Regular Running Habit
Image: runnersworld.com

In 2015, attorney Henrietta Feldman established her private law firm in Palm Beach, Florida, where she focuses on commercial and residential real estate law. Away from the office, Henrietta Feldman maintains a healthy lifestyle by running on a regular basis, and she often enters 5K races.

Running is one of the most basic forms of exercise, and many prefer it because of its convenience – you can run practically everywhere. Developing a habit of running or jogging can also lead to several health benefits, some less obvious than others. Consider the following advantages:

1. Help prevent colon or breast cancer

Studies show that people who stay active with exercise such as running have a lower risk of developing colon cancer. In addition, women who run regularly can lower their risk of breast cancer by as much as 30 percent.

2. Increase longevity and fight Alzheimer’s

Running can help people live longer and stay active further into their later years. In addition, this form of exercise can prevent many symptoms of dementia and Alzheimer’s disease.

3. Lower stress and boost sleep quality

People who run can naturally lower their blood pressure and increase their serotonin levels. This reduces stress and can improve sleep quality.

4. Decrease risk of heart disease

Research demonstrates that running even for small increments throughout the week can dramatically decrease a person’s risk of developing heart disease. You can achieve this effect with 20-minute runs three days a week.

5. Outdoor running can elevate self-esteem

Many people enjoy the comfort of running on treadmills or indoor tracks, but studies have shown that exercising outdoors can give your self-esteem a boost.

The American Spirit – A Collection of Speeches by David McCullough

The American Spirit pic
The American Spirit
Image: amazon.com

A graduate of Boston University School of Law, Henrietta Feldman is the owner of the Law Offices of Henrietta Feldman LLC in Palm Beach, Florida. In her leisure time, Feldman enjoys reading non-fiction, and her favorite author is David McCullough.

McCullough has cemented his position as one of the foremost historians and writers in the United States. During his career, he has won the Pulitzer Prize twice and received the Presidential Medal of Freedom. His list of New York Times bestsellers includes 1776, John Adams, and The Wright Brothers, and his most recent publication is The American Spirit.

The American Spirit: Who We Are and What We Stand For is a collection of speeches given by McCullough throughout his career. He originally authored these texts for addressing audiences at universities, historical organizations, and the U.S. Congress. Compiled from a lifetime of work, The American Spirit offers readers a reminder of the core values of the nation and how they unite us, regardless of our differences.