If you are selling real property in New York you can help ensure a smooth transaction by taking a few simple proactive steps.
- Provide Us with Your Deed, Owners Policy and Survey
Help us help you. If you are selling real property in New York and retaining us to act as your attorneys, you can help us by providing your deed, owner’s title insurance policy and survey, if you have it. This basic information helps us draft the Contract of Sale. You should have some or all of these materials from the time you purchased the property. If you do not have this information at your finger tips we can do some research but that can take some time. Reviewing these documents also helps identify any survey or title issues early in the process so that you have time to resolve them.
- Identify and Resolve Open Permits and Violations
Most buyers (and some lenders) will object to any open permits or violations on the property. If you are aware of any such issues, it is often beneficial to be proactive. The “head in the sand” approach can result in a delayed closing. Your real estate broker can help check the local municipal records and your attorney can advise you as to your options for resolving any such issues.
- Identify and Resolve Condition Issues/Contingencies
Major condition issues (such as structural issues or major damage) or contingencies such as the removal of an underground fuel oil storage tank can cause problems with purchaser financing or result in a delayed closing. Identifying and addressing these issues early in the process can increase the likelihood of a smooth transaction.
For questions about buying or selling real estate in New York 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.
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