New York Real Estate Lawyer – Frequently Asked Questions
Top Questions About Real Estate Transactions in New York
A real estate lawyer represents buyers and sellers in residential and commercial property transactions across New York. At Khashmati Law PC, we handle contract review, negotiations, title searches, closing documents, and ensure your transaction is legally protected from start to finish.
Yes. New York requires an attorney for real estate transactions. A lawyer protects your interests, reviews contracts, negotiates terms, and ensures there are no legal issues with the property before closing.
Legal fees vary depending on the complexity of the transaction. Most residential transactions involve a flat fee, while more complex deals (commercial or investment properties) may cost more
Most transactions take 30–60 days from contract signing to closing. Delays can occur due to financing, title issues, or negotiations.
Buying Property in New York
- Make an offer
- Hire a real estate attorney
- Sign the contract of sale
- Conduct inspections
- Secure mortgage approval
- Title search and clearance
- Closing
The contract of sale is the legally binding agreement between buyer and seller outlining price, terms, contingencies, and closing details.
A title search ensures the property has no liens, disputes, or legal issues. This protects the buyer from future ownership claims.
Title insurance protects buyers and lenders against financial loss due to title defects, liens, or ownership disputes.
Selling Property in New York
A seller’s attorney prepares and negotiates the contract, resolves title issues, coordinates with the buyer’s attorney, and handles closing documents.
Yes. Sellers are required to have an attorney to draft contracts and handle legal aspects of the transaction.
Sellers must provide a Property Condition Disclosure Statement or offer a credit to the buyer in lieu of disclosure.
Closing Process Questions
- Final documents are signed
- Funds are transferred
- Title is officially transferred
- Keys are handed over
Closing costs may include:
- Attorney fees
- Title insurance
- Mortgage fees
- Transfer taxes
- Recording fees
Both buyers and sellers have closing costs. Buyers typically pay lender and title fees, while sellers often pay transfer taxes and broker commissions.
Common Real Estate Issues
- Title defects or liens
- Contract disputes
- Financing delays
- Inspection issues
- Boundary or zoning problems
Depending on the contract terms, the buyer may lose their deposit or recover it if contingencies (like financing or inspection) are not met.
Yes, but only under certain conditions outlined in the contract (e.g., financing contingency, inspection issues).
Investment & Commercial Real Estate
Absolutely. Investment and commercial deals involve more complex contracts, leases, and liability considerations.
Due diligence includes reviewing financials, leases, zoning laws, environmental issues, and property condition before purchase.
Правовая защита и консультации
Адвокат обеспечивает:
- Contracts are fair and enforceable
- No hidden liabilities exist
- Title is clear
- Closing is completed correctly
As soon as you begin the buying or selling process—ideally before signing any contract.
- Hire an experienced attorney
- Conduct inspections
- Ensure clear title
- Review all documents carefully
Buying or Selling Property in New York? Свяжитесь с нами to Speak With a Real Estate Lawyer Today!
