Real Estate Closings Long Island NY
Law Offices of James Henry Dunne, Esq.
Nassau • Suffolk • Queens • Brooklyn • NYC
Call or Email Now for a Complimentary Consultation
516-483-7037
Nassau • Suffolk • Queens • Brooklyn • NYC
Call or Email Now for a Complimentary Consultation
516-483-7037
Knowledge • Experience • Efficiency • Integrity
Earning Trust By Exceeding Expectation
Property Purchase, Sale & Tenancy
Commercial & Residential Purchase
Commercial & Residential Sale
Tenant Rental & Lease Agreements
Commercial & Residential Purchase
Commercial & Residential Sale
Tenant Rental & Lease Agreements
Contact
Commercial & Residential Transactions
An attorney is not only necessary in New York, but will be incredibly valuable to your real estate transaction. An astute real estate lawyer can navigate this complex process effectively and efficiently. James will help mitigate potential risks and ensure that the deal closes, especially if unforeseen circumstances arise, for a home, co-op or condominium.
When Representing Buyers, James will review, negotiate and explain the contract of sale; review the mortgage commitment with the lending institution; resolve any pre-closing problems (including issues of repair, termite inspection and more); correspond with the seller’s attorney; order and review a title search to ensure there are no outstanding liens and/or judgments that must be resolved prior to closing; review the certificate of occupancy, permits, and documentation pertaining to the home; calculate the amounts that the buyer will owe at closing to the seller, the sellers' lender, the title company, and for pre-paid taxes; be present and represent the buyer at closing to review and advise the buyer on the documents that they are signing, such as the deed, transfer tax returns and mortgage documents, and make sure that all payments are accurately made.
When Representing Sellers, James will prepare, negotiate and explain the contract of sale; correspond with the buyer’s lender to ensure the buyer is complying with bank requirements in order to facilitate the mortgage process; oversee resolution of any pre-closing issues including issues of repair, termite inspection and more; resolve lien issues that would otherwise adversely affect title (examples of such lien issues include mechanic’s liens from previous contracts or subcontractors, past bankruptcies that had not been discharged, issues with chain of title, past-due spousal/child support, delinquent taxes, and more, all which must be satisfied or bonded before closing); correspond with the buyer’s attorney and title company; prepare for closing, including obtaining payoffs for any liens and/or judgments against the seller, the property and the house; be present and represent the seller at closing. Sellers should note that all persons selling a house in New York must provide the prospective buyer with a “disclosure statement” (disclose their knowledge of the condition of their house, including plumbing, electric, roof, known issues, etc.). Alternatively, the seller can provide the buyer with a $500 credit against the contracted purchase price of the house. James will review and discuss your particular circumstances with you before finalizing this requirement.
Note Regarding Closing Day for Buyers and Sellers: Potential problems that could compromise a deal can arise as late in the process as during the closing day walkthrough and at the table of the closing itself. While James will prepare as best as possible to avoid these types of situations, if they do arise, James will be present to draft and negotiate favorable terms on your behalf, whether you are the buyer or the seller.
If the property has a legal tenant and James is representing the Seller, he will ensure that the tenant is notified. If representing the Buyer, James will draft an updated Tenant Rental & Lease Agreement to ensure a smooth transition and positive start to the new landlord / tenant relationship.
Call or Email Now for a Complimentary Consultation
An attorney is not only necessary in New York, but will be incredibly valuable to your real estate transaction. An astute real estate lawyer can navigate this complex process effectively and efficiently. James will help mitigate potential risks and ensure that the deal closes, especially if unforeseen circumstances arise, for a home, co-op or condominium.
When Representing Buyers, James will review, negotiate and explain the contract of sale; review the mortgage commitment with the lending institution; resolve any pre-closing problems (including issues of repair, termite inspection and more); correspond with the seller’s attorney; order and review a title search to ensure there are no outstanding liens and/or judgments that must be resolved prior to closing; review the certificate of occupancy, permits, and documentation pertaining to the home; calculate the amounts that the buyer will owe at closing to the seller, the sellers' lender, the title company, and for pre-paid taxes; be present and represent the buyer at closing to review and advise the buyer on the documents that they are signing, such as the deed, transfer tax returns and mortgage documents, and make sure that all payments are accurately made.
When Representing Sellers, James will prepare, negotiate and explain the contract of sale; correspond with the buyer’s lender to ensure the buyer is complying with bank requirements in order to facilitate the mortgage process; oversee resolution of any pre-closing issues including issues of repair, termite inspection and more; resolve lien issues that would otherwise adversely affect title (examples of such lien issues include mechanic’s liens from previous contracts or subcontractors, past bankruptcies that had not been discharged, issues with chain of title, past-due spousal/child support, delinquent taxes, and more, all which must be satisfied or bonded before closing); correspond with the buyer’s attorney and title company; prepare for closing, including obtaining payoffs for any liens and/or judgments against the seller, the property and the house; be present and represent the seller at closing. Sellers should note that all persons selling a house in New York must provide the prospective buyer with a “disclosure statement” (disclose their knowledge of the condition of their house, including plumbing, electric, roof, known issues, etc.). Alternatively, the seller can provide the buyer with a $500 credit against the contracted purchase price of the house. James will review and discuss your particular circumstances with you before finalizing this requirement.
Note Regarding Closing Day for Buyers and Sellers: Potential problems that could compromise a deal can arise as late in the process as during the closing day walkthrough and at the table of the closing itself. While James will prepare as best as possible to avoid these types of situations, if they do arise, James will be present to draft and negotiate favorable terms on your behalf, whether you are the buyer or the seller.
If the property has a legal tenant and James is representing the Seller, he will ensure that the tenant is notified. If representing the Buyer, James will draft an updated Tenant Rental & Lease Agreement to ensure a smooth transition and positive start to the new landlord / tenant relationship.
Call or Email Now for a Complimentary Consultation
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