New York City real estate lawyer Natalia Sishodia releases a new article (https://sishodia.com/) outlining the work and responsibilities of a New York real estate attorney. According to the lawyer, selling or purchasing residential or business property can be one of life's most challenging tasks. It is essential to work with a knowledgeable lawyer who will help you make informed choices.
"Whether you are ready to purchase a single-family home, a co-op, a condo, or another type of dwelling in New York, 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 lawyer.
The lawyer explains that real estate lawyers handle "real-property" transactions. New York's real estate laws can make it difficult to handle these transactions. Each transaction has its own requirements. This is why having a real estate attorney is very important.
Attorney Natalia Sishodia also states that co-ops can be purchased by people who buy shares in the corporation owning the building. A proprietary lease will give the buyer ownership of the apartment in which they will live. The approval of co-op agreements can also be complicated.
The article also discusses NYC co-ops that can restrict the ability to rent out or sell apartments. It can be difficult to follow the laws if the buyer or seller does not know them. Attorney Sishodia mentions that foreign co-op sellers may have to pay additional tax at closing. It is crucial to understand the differences between a condo unit and a cooperative apartment when you are looking for one.
The role of the real estate attorney is to review and draft real estate contracts. These roles include reviewing and writing real estate contracts, reviewing closings as well as tax issues review and reviewing offer plans and financial statements.
Lastly, the 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.
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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.