Real Estate Closing
What Are the Most Common Property Disputes During a Purchase?
You found your dream property on Long Island. Whether it was the perfect piece of commercial real estate for your budding yoga business or the ideal home for your growing family, this is a time for a glass of champagne and congratulations. Not so fast. The process of purchasing a property on Long Island, or…Read More
5 Questions to Ask Before Buying Commercial Real Estate
Any commercial real estate investment carries some risk. First and foremost, commercial real estate involves a substantial financial investment. Whether you are an experienced real estate investor or purchasing commercial real estate for the first time, accruing debt and expenses to buy commercial real estate can be overwhelming. You want to be certain the stresses…Read More
4 Things to Know About Your HOA in New York
If you are looking to purchase a piece of property in a development or planned neighborhood in Long Island, there is a good chance you will need to follow the requirements and requests of the homeowners’ association or HOA. When in this position as a buyer, you should understand exactly what it means that your…Read More
Why Is a Long Island Real Property Deed So Important?
In the world of online records and electronic files, there is little to no need for paper documents and “real” signatures. In fact, the use of electronic documents is pervasive in nearly every aspect of our lives. We send applications, letters of dismissal, contracts, love letters, and photos digitally. It is the most consistent form…Read More
Do Buyers Need a Realtor If They Hire a NY Real Property Lawyer?
If you are looking to buy a house on Long Island, there is a good chance you are also looking for assistance with this process. An NY real property lawyer can represent you throughout the process of buying a home, including assistance with your offer, contract, inspection, due diligence, and closing. A residential realtor performs…Read More
Things to Consider Before Buying a Landmarked Building on Long Island
If you always dreamed of renovating a historic building or home in Long Island, you probably had visions of preserving old floors and peeling back wallpaper. You may have pictured crown molding and original details. However, you probably didn’t envision or picture the legal obligations and building code requirements you’d need to follow during the…Read More
What Does It Cost to Hire a Long Island Residential Real Estate Lawyer?
When it comes to commercial property, buyers and sellers are nearly certain to hire a Long Island real estate lawyer to handle the transaction. Without a real property lawyer, parties to a commercial transaction risk significant financial and business consequences. Savvy commercial parties know that inaccurate documents, bad negotiations, lacking due diligence, and issues at…Read More
What Is Title Insurance & Do You Need It?
As you navigate a commercial or residential real estate transaction for the first time a number of unfamiliar documents, agreements and pieces of paperwork are certain to cross your desk or arrive via email. Often, one part of real property purchases that isn’t fully understood by buyers and sellers in Long Island, particularly in a…Read More
8 Title Defects that Could Delay Your Closing
There are few commercial real estate transactions that are finalized without the purchase of title insurance. In exchange for the premium payment, a title company insures the buyer’s title to the property. Typically, the insurance amount is up to the purchase price of the property. The reason most commercial purchasers, and a number of residential…Read More
Coming to the Table: Will Electronic Signatures Actually Change Real Estate Closings?
It will be 17 years this June since Congress passed the Electronic Signatures in Global and National Commerce Act, otherwise known as The E-Sign Act. Signed into law on June 30, 2000 this federal law provided the same authority and effectiveness to electronic signatures, as given to signatures made by putting pen to paper. New…Read More