Real Estate Closing Law
Representing Clients Throughout The Real Estate Closing Process
At The Pierro Law Group, PLLC, we understand that real estate law can be confusing and stressful. While many real estate negotiations are the beginning of something new and exciting, it can be difficult to see through the labyrinth of paperwork and procedure to the other side.
When you finally reach the closing process, there is often a sense of restrained relief as the finish line is within sight, but beyond one final hurdle. Our office is proud to provide a full suite of real estate closing services. We seek to come alongside our clients throughout the finalization process in order to protect their interests and enable them to pursue the next steps in their goals.
Commercial Real Estate Closings
Commercial real estate closings require an additional area of expertise for the attorney handling them. In commercial real estate, there are many additional matters to attend to and laws to abide by that concern the tenancy of properties, contingencies, and clauses. These matters all require a skilled eye and focused attention to be handled swiftly and in the most economic manner.
Our office has over 30 years of experience representing both buyers and sellers of commercial properties in the state of New York.
Attorneys at The Pierro Law Group, PLLC are ready to oversee all aspects of your commercial real estate needs. From ensuring that all zoning and environmental requirements are met, to drafting the final real estate closing documents, you can rely on our firm to get the job done.
Our years of experience put us in a prime position to take proactive steps that will help to ensure expedient results and keen attention to all the unique details of your legal matter.
Do I Need To Hire An Attorney For Real Estate Closing In New York, NY?
Unless you are an attorney yourself, it is absolutely recommended for you to hire a closing attorney for your real estate matters in New York.
In other states in the U.S., it is legal for a person’s real estate agent to help them prepare closing documents and advise them on legal matters regarding the buying and selling process.
However, in the state of New York, it is only legal for the person buying or selling real estate (the principa) or their attorney to draw up closing documents, contracts, or offer legal counsel.
Additionally, in 90-99% of real estate closings in the state of New York, both parties are represented by an attorney, and many banks will not approve a mortgage unless you have a lawyer. Because of this, while it is legal for you to represent yourself when buying or selling a home, it is highly recommended for you to seek the representation of a real estate closing attorney.
This is especially important to consider as opting to close without legal representation can result in the other party’s lawyer drawing up the closing contracts and documents, which may not have your best interests included.
What’s more, real estate lawyers are experienced in the laws surrounding these matters, and so much more. Attorneys practicing in this field are generally very well acquainted with the housing markets which they serve, aggressively negotiating contracts for the best terms available, and retaining a full scope of the steps needed to ensure due diligence is investigated correctly.
What Is The Due Diligence Process In New York, NY?
Due diligence is the process by which a buyer of commercial or private real estate is able to investigate a host of aspects regarding the property.
From financial valuations, physical assessments, and more: due diligence allows buyers the opportunity to assess and discover any area of concern that may need to be addressed before closing documents are finalized.
Whether you are purchasing a single-family home, an industrial property, or a multi-family property, this period is of acute importance and requires expert scrutiny. The findings that can arise may greatly impact the nature of your contracts and may protect you from any number of financial burdens in the future.
Our firm has provided due diligence services to countless clients. We have been very pleased to negotiate terms of repair and other closing matters in an aggressive manner to ensure that our clients are receiving the property and fair transaction that they deserve.
The Pierro Law Group, PLLC
You don’t have to face the complicated protocols and laws around real estate closing alone. Whatever your real estate closing needs may be, big or small, The Pierro Law Group, PLLC is here to help.
Our firm is standing by, ready to negotiate offers on your behalf and advocate for your best interests throughout any phase of your real estate transaction.
If you are looking for a trusted law firm, please don’t hesitate to contact our office in New York, NY today for a complimentary consultation.
Hire Us Today!