NYC real estate attorney Natalia Sishodia releases a new article (https://sishodia.com/) explaining the work of a real estate attorney in the state of New York. The lawyer says that selling or purchasing residential or commercial property can be one of the most difficult tasks in a person’s life. It is important to have a competent lawyer who can guide you in making informed decisions.
According to the NYC real estate attorney, “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.”
The lawyer mentions that real estate lawyers are responsible for handling "real property" transactions. These transactions can be complex in New York. Each type of transaction has its own requirements, and this is where having a real estate attorney might be able to help.
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.
The real estate attorney also outlines the roles that a real estate lawyer can play in a real estate transaction. These roles include reviewing and drafting real estate contracts, reviewing closings, tax issues review, and reviewing offering 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.
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.