Purchasing / Selling a house in New York
Purchasing a home in New York City is definitely a unique experience for the first-time home buyer. A lot depends on the real estate market, the market has definitely shifted to buyers market shifting the benefits to the buyers and making it harder for the sellers to demand strict contract provisions and giving buyers more bargaining power.
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Robert Aronov, Esq. will personally review, edit and incorporate the Contract of Sale and the Rider to make sure it fits the client's needs.
As we always stress an engineering inspection is one of the most important first steps a typical buyer should take after the offer is accepted..
Second step is Contract signing upon careful review by an experienced attorney, this is a key step because it sets all the rules of the transaction and may shift more advantage to the other side.
Obtaining Financing and appraisal is the third step for most buyers, followed by the title exam, survey of the premises.
The final step is the closing, once the bank is ready to close and the title objections have been resolved an inspection is scheduled prior to closing. The last stage is the exchange of funds and signing of all bank documents.
Robert Aronov & Associates, PC will guide you throughout the entire transaction.
Sellers also need an attorney at the very early stage of the transaction, preferably before singing any broker agreements.
A detailed interview with an experienced real estate attorney prior to even drafting of the Contract of Sale is necessary to make sure the deal is structured properly and there are no surprises along the way.
In the event the Seller is aware of any NYC Code violations, illegal tenancies, liens, judgments, illegal construction, CO issues such should be disclosed to the attorney immediately prior to drafting of the Contract of Sale to avoid delays and cancellations.
Please be aware that the transmission of an e-mail inquiry itself does not create an attorney-client relationship.
New York City Home Buying Attorney Disclaimer: Attorney advertisement, this website is not intended to solicit clients for matters outside of the state of New York. The New York real estate legal information presented at this site should not be construed to be formal legal advice, nor the formation of a lawyer or attorney client relationship. Any results set forth herein are based upon the facts of that particular case and do not represent a promise or guarantee. Please contact a NY Real Estate Attorney for a consultation on your particular matter.
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