New York City real estate attorney Natalia Sishodia posts a new article (https://sishodia.com/) that gives a detailed description of the role a real estate attorney has in real estate transactions. According to the lawyer, selling or buying residential or commercial property is one of life's most difficult tasks. This is why having a skilled lawyer to help you make guided decisions is very important.
“Whether you are ready to purchase a single-family home, a co-op, a condo, or another type of dwelling in New York City, or are looking to sell your home, having the guidance of the right NYC real estate attorneys can be invaluable. The right lawyers can help you negotiate favorable terms, smooth any disputes before they become a serious problem, and most importantly help to prevent future legal issues,” says the New York City real estate attorney.
The lawyer explains that real estate lawyers help handle “real property” transactions. In New York, these transactions can be complicated. There are a lot of added requirements and background checks for each kind of transaction and this is where a real estate attorney may be helpful.
Attorney Sishodia also mentions that when someone purchases a co-op they are buying shares in the corporation which owns the building. According to the law, the apartment in which the buyer will live is theirs by way of a proprietary lease. Co-op approvals can also be extremely complicated.
The article also discusses how NYC co-ops can limit the ability to rent or sell an apartment. If the buyer or seller is not familiar with the laws, it can be difficult to navigate them. Attorney Sishodia points out that co-op sellers from outside the state may face additional tax withholdings at closing. When looking for a new apartment, it is important to know the difference between a condo and a co-op.
Real estate attorney Natalia Sishodia also enumerates the kinds of roles a real estate lawyer may have in a real estate transaction. These include drafting sale and purchase agreements, reviewing real estate contracts, real estate closings, tax issues review, and, reviewing of offering plans and financial statements.
The real estate lawyer also stresses the importance of having an experienced lawyer when negotiating the purchase or sale of real estate, or in any other real estate transaction. An experienced lawyer can help clients understand their rights and ensure they get the best deal possible.
About Sishodia PLLC
Sishodia PLLC’s team of professional NYC real estate attorneys pride themselves on their ability to navigate complex investment laws and intricacies to offer the most comprehensive advice and guidance possible for their clients. The lawyers at Sishodia PLLC take time to fully understand each client’s unique goals and circumstances, minimizing potential risks and issues. Call them today at (833) 616-4646 for a consultation.
SOURCE: Press Advantage [Link]
Sishodia PLLC is a boutique New York real estate law firm offering experienced, individualized legal solutions to clients ranging from first-time homebuyers to seasoned real estate investors.