While real estate agents are knowledgeable in the current housing market and can help you find your dream home or the perfect buyer for your current property, they cannot offer you legal advice. Typically, buyers and sellers in New York State hire an attorney to negotiate the contract of sale and to represent them at the closing. Having an experienced local attorney who specializes in real estate can help you navigate not only the state laws that would affect your transaction, but also the unique laws within the city and county where the property is located that could otherwise be missed.
Real estate attorneys are responsible for helping draft and finalize your sales contract, as well as ensuring you have the resources and information needed to understand what you’re signing. In addition, they can also assist in processing the down payment, communicate with buyers’ lenders to gather the necessary documents, order a title report for the home to find any violations or liens that need to be addressed, and help calculate the costs associated with the sale including the final amount due at closing. All the while, your attorney will answer any questions you have about the countless contracts and documents you’re signing.
Hiring an experienced local real estate attorney helps ensure the transaction process goes more smoothly and with fewer surprises, and not only offers protection for both buyers and sellers, but peace of mind throughout the process.
As a local real estate expert, I refer my clients to Mark Kandkhorov at Kand Real Estate Law right here in Queens. With a strict focus on real estate, this firm provides invaluable local expertise and individualized attention while representing clients in all facets of real estate including homeowners, home buyers, developers, co-op boards, condo management companies, landlords, tenants and commercial real estate interests.
I recently sat down with Mark to ask him several questions that many of my real estate clients have about executors, closing costs, finances and more. Check out this playlist on my YouTube channel to learn more about Mark and Kand Real Estate Law Queens, and be sure to subscribe for all of my latest informative podcast videos and featured property tours.