Providing Hands-on Real Estate Closing Experience
When someone is buying a house, co-op, condo, apartment building or commercial real estate, there will be a real estate closing at the end of the process to finalize the sale. At Futterman, Sirotkin & Seinfeld, LLP, we protect our clients’ interests as they buy and sell many types of real estate. We work closely with our clients to prepare them for real estate closings — we represent them at the closings, and provide them with closing statements shortly after the closing.
Whether you are buying a home or investment property, it is important to have an experienced real estate attorney by your side guiding and advocating for you throughout the course of any residential or commercial real estate transaction.
What You Can Expect
A closing is the grand finale of what is often a long process of finding the right property, applying for a loan and negotiating an offer. The closing finalizes the details of the sale, and requires a good deal of paperwork at a summit meeting at which all the parties to the sale will be present. This includes:
- The buyer
- The seller
- The closing agent
- The seller’s real estate agent
- The title company representative
At the closing, all buyers need to be present, and bring a photo ID. It is also important that the buyers arrive at the closing having already conducted the final walk-through of the property to look for damage that may require additional negotiation with the seller.
It is crucially important that buyers and sellers alike be prepared for the closing. For buyers, this means bringing all relevant paperwork. For the seller, this includes making sure that there are no outstanding liens on the property.
The buyer will need to settle the down payment and other costs at the closing. This can be done via cashier’s check or wire transfer.
The Role Of An Attorney At The Closing
During the closing, you should have a lawyer present to assist you in reviewing critical documents. Your attorney should make sure that the terms, rates and other information in your real estate contract are correct. At co-op closings, the buyer receives a stock certificate representing the shares of stock/interest in the corporation and a proprietary lease. Your lawyers should carefully review the stock certificate to ensure that it is accurate.
Helping You Avoid Surprises At Your Closing
At Futterman, Sirotkin & Seinfeld, LLP, we prepare our clients in advance for the real estate closing, so that you will know what to expect and there are no surprises. We will work to ensure you obtain proper ownership if you are the buyer. If problems arise at the closing, we will be by your side protecting your interests.
Attorney Lynn L. Sirotkin has over 30 years of real estate experience, including experience in extensive real estate closing experience. Over our 60 years of practice, Futterman, Sirotkin & Seinfeld, LLP, has helped thousands of clients manage their legal needs. Our law firm is located in Queens, and we represent clients throughout the New York City and Long Island areas.
Contact Our Experienced Real Estate Attorneys
In addition to real estate transactions, we represent clients in related disputes, including partition actions, boundary disputes, lien actions and more. To discuss any real estate issue, contact us by email or call our offices at 866-679-2513 or 718-577-2573 to speak to an experienced real estate lawyer today.