AVAILABLE 24/7
212-213-8511

March 6, 2020

How To: Close On Real Property In New York | Featured on LIC Magazine

Our attorneys break down everything you need to know when closing on real property in New York.

Once you’ve decided on a property to purchase, send your attorney a deal sheet with the terms of the contract.

Your attorney will contact the seller’s attorney and receive a draft of the contract of sale and negotiate the terms of the deal.

Schedule an initial home inspection of the property with a certified inspector and your broker.

Your attorney will schedule a time to review the contract with you and inform you of the mortgage contingency and closing dates.

Apply for a mortgage early on as approval can take 5 anywhere from one to two months.

Order a title report to raise any issues with the property, seller or purchaser.

As soon as you receive your mortgage commitment and your title is cleared, you are now ready to schedule a closing.

Schedule a final walk through of the property within 2-3 8 days before the closing.

Review the loan documents prior to the closing date and 9 give special attention to the closing disclosure.

CONGRATS! You’ve made it to closing day. You will now receive all keys and codes to the property.

Featured in LIC Magazine's February 2020 Issue:

Image of LIC Magazine article titled "How To: Close On Real Property In New York" written by Pardalis & Nohavicka | NYC Attorneys

Connect with us

The information on this website is for general information purposes only. Nothing on this site should be taken as legal advice for any individual case or situation. 
The viewing of this website does not constitute an attorney-client relationship. Attorney Advertising: Prior results DO NOT guarantee similar results.

Copyright © 2021 Pardalis & Nohavicka LLP. All Rights Reserved. Website Designed & Developed by ECONSTRUO
magnifier linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram