Facilitating Residential Contract Execution in a Strong Seller’s Market Due in large part to high demand and low inventory, the residential real estate market in New York remains extremely […] Read more
Part 30*: How Long Does It Typically Take to Close a Residential Contract of Sale in New York? Although every deal is different, most residential deals close between 60-90 days after the Contract is signed. This allows the […] Read more
Part 29*: What are the Seller’s Rider, Purchaser’s Rider and Addendum to a Contract of Sale? In New York, the Seller’s attorney typically drafts the Contract of Sale and includes additional provisions in the Seller’s Rider. […] Read more
Part 28*: Can the Closing for a Residential Contract of Sale be Completed Remotely? While it is possible in many cases to close title to residential property remotely, the custom in New York is […] Read more
Part 27*: What Should a Purchaser and Seller Bring to a Residential Closing in New York? The parties’ respective attorneys will generally give them instructions on what to bring to the closing. These items will typically […] Read more
Part 26*: Can a Residential Contract of Sale be Signed Electronically? Yes. It is commonplace for the parties to a residential Contract of Sale to sign remotely and transmit their signatures […] Read more
Part 25*: What is a Radon Contingency Clause in a Residential Contract of Sale in New York? Radon is a naturally occurring gas that can be harmful to humans. If a Purchaser chooses to test a home […] Read more
Part 24*: Westchester County Private Well Water Testing Law In Westchester County, New York, many residential properties draw drinking water from the ground, as opposed to a public water […] Read more
Part 23*: What is the “Lead-Based Paint Disclosure” in the Context of a Residential Contract of Sale? Under New York State law, residential sellers disclose to purchasers that a residential dwelling constructed prior to 1978 may contain […] Read more
Part 22*: Who is Responsible for Paying the Brokers in a Residential Contract of Sale? Paragraph 27 of the standard Residential Contract of Sale states the names of the brokers and further states that “Seller […] Read more