Buying or selling real estate is incredibly significant and expensive, especially in New York. Moreover, it is the standard for buyers and sellers to retain their own attorney, unlike most other states. It is essentially required to have your own real estate attorney during property purchases and sales, but a good real estate attorney can make all the difference.
The team at Bergstein Flynn Knowlton & Pollina works to protect you throughout the real estate transaction. Every deal is unique and presents its own challenges so having a team that has been there before can be thousands of dollars of difference.
As stated before, New York is one of the few states where it is customary to retain an attorney specifically for buying and selling real estate. And it is one of the most sound investments you can make during the process of a deal. Trusting in an accomplished real estate lawyer helps you navigate the countless pitfalls of New York City real estate.
New York is one of the few cities in the United States that offers Cooperative Housing, otherwise known as co-ops. When purchasing a co-op, you aren’t actually buying property as you would with a condo or house. With co-ops, you are purchasing stock in a corporation, and that corporation owns the building. So your lawyer not only has to handle contract negotiations, they will be responsible for understanding fundamental business law while reviewing tens of thousands of pages of the co-op’s bylaws. And that’s not to mention the application process, stock certificates, and co-op-specific mortgage restrictions.
New York is also challenging when it comes to zoning and clearing permits. The city’s shifting zoning laws require meticulous attention to detail as they dictate land use, building size, and occupancy types, which can impact the viability of the property you’re purchasing. Additionally, obtaining or clearing any permits is bogged down by bureaucratic red tape.
Our team of attorneys assists with the entire buying process, from contract to close. For co-ops and condos, we conduct our due diligence on the building, its financial health, and any open litigation against the board. Your team will then review, negotiate, and finalize the contract, order title insurance, and help clear any title issues holding up the closing. Whether you’re a first-time home buyer or a seasoned investor, having an experienced real estate lawyer from BFKP will put your mind at ease.
The selling process, even more so than the purchase process, is made incredibly smooth with the right team around you. Our team will draft and negotiate the contract of sale for you. We ensure you are protected and get exactly what you deserve for your property. Once the contract is finalized, we assist in clearing title issues if necessary and pave the way for closing.
Finding the right home is already difficult, don’t make finding the right attorney difficult too. We have countless years of real estate experience with a vigorous attitude toward assisting our clients.
Schedule a call with one of our lawyers now by entering your information below. You can also call us directly at (212) 803-9025.
