NYC real estate attorney Natalia Sishodia posts a new article (https://sishodia.com/) that gives a detailed description of the role a New York real estate attorney has in real estate transactions. The lawyer mentions that one of the most stressful things someone may have to face in their life is buying or selling commercial or residential property.
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 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.”
The lawyer explains that real estate attorneys handle “real property” transactions. They help the buyer or the seller during the process of purchasing or selling homes, condominiums, co-ops, and land. In New York, real estate transactions can become complicated. There are added requirements and background checks for each kind of transaction and this is why it is important to have a real estate attorney through the process.
Attorney Sishodia also mentions that if someone is purchasing a co-op, they are actually buying shares in the corporation that owns the building. Based on the law, the apartment where the buyer is going to live will be theirs through a proprietary lease. Co-op approvals can be extremely complex.
In the article, the real estate attorney also explains that NYC co-ops often put a limit to how someone is able to sell or rent their apartment. Navigating the complex laws can be daunting if the seller or the buyer goes through them alone.
Furthermore, attorney Samantha says that out-of-state co-op sellers may also face additional challenges with income tax withholding at the closing of the sale. This is why it is important to distinguish between a condo and a co-op when looking for a new apartment.
Lastly, the real estate lawyer emphasizes the importance of having a skilled lawyer when dealing with purchasing or selling real estate. Having an experienced lawyer may be able to help the client understand their rights and ensure that they are getting the best deal for their money.
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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