Thank you for reading “From Contract to Closing; Demystifying NY Residential Real Estate.” This series of short articles, or blogs, is designed to shed some light on the process by which parties to a residential Contract of Sale convey real property in New York. The blog is written by an experienced lawyer in plain English for the benefit of non-lawyers. We have attempted to break down the arcane and seemingly complicated process in to “bite size” pieces that are easy to digest. Each article is designed to stand on its own or work together as part of the series.
Over the past 20 years, we have observed that many of our clients share similar concerns, and many of the same issues surface. For example, many clients wish to gain a better understanding of the mortgage contingency, the “as-is” clause and closing date. In many deals there are condition issues with the property, environmental issues or title issues that must be resolved. This series of articles is designed to answer some of these common questions and address some of these recurring issues.
Knowledge is power and we hope that this blog series empowers individuals to ask the right questions, understand the process and resolve issues early in the process to increase the likelihood of a smooth closing.
Please keep in mind that all deals and all contracts are different, and the parties should look to their attorneys for legal advice. This blog is for informational purposes only. Of course, if you are not yet represented by counsel, please do not hesitate to call us at (914)338-8050. We look forward to hearing from you.
*Thank you for taking the time to read this article. This article is part of our “From Contract to Closing; Demystifying NY Residential Real Estate” Series. Other aspects of residential real estate transactions in New York are discussed in other Parts of this series.
For questions about residential real estate law, or general information about our firm, please contact us at (914) 338-8050 or send an e-mail to firstname.lastname@example.org. We look forward to hearing from you.
Betensky Law PLLC
118 N. Bedford Road, Suite 302
Mount Kisco, New York 10549
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