The Role of an Attorney in a NYC Real Estate Purchase
How involved is a real estate attorney in the NYC purchasing process compared to other markets?
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The Intraoral Picture (2 CEs)
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How involved is a real estate attorney in the NYC purchasing process compared to other markets?
In NYC, an attorney is essential from the very start. They conduct due diligence, review building financials for co-ops or condos, and negotiate the contract terms. This is more intensive than in many other markets where attorneys may only handle closing. Their deep review of board minutes or offering plans can uncover potential issues, making them a critical part of the transaction team.
For a detailed checklist of an attorney's responsibilities, you can visit New-York.Realestate.