Condominium ownership is individual ownership of a portion of a building or a multi-unit project, with common areas shared by all owners. Maintenance fees called "assessments" are paid to the condominium association to maintain, repair, or improve the property.

Thinking of Purchasing a Condominium

Condominium transactions can be very complex and it is in your best interest to discuss your proposed purchase with a lawyer early in the process. Whether you are a first-time buyer or a seasoned real estate investor, you need an experienced real estate attorney to handle the large variety of issues and details relating to real estate purchases. We will work in tandem with your engineer to address physical defects and with your title insurer to ensure that all title defects, property violations and liens are addressed. We will collaborate with your lenders to make sure funding of your transaction is not unnecessarily delayed. When all parties are ready, we will schedule and attend the closing and review all final contracts, payments and agreements between buyer, seller, title company and lender to ensure that the transfer is smooth and efficient, and provides a resolution to all open issues pertaining to your transaction.

Whether you have identified a property or are just thinking of purchasing, call us today to discuss how we can help you reach your aspirations.

Thinking of Selling

Our law firm recognizes that preparing to sell your condominium can be an exciting challenge. After you have spruced up your unit and done the appropriate pricing research, one of the most important steps a seller will take is hiring a real estate attorney. A real estate attorney can be essential to the successful sale of your home, and will help ensure that your best interests are taken care of—and that you do not leave yourself exposed to unexpected problems and liabilities.

Our office will provide you with comprehensive representation and answer your questions throughout the process. Important areas of discussion will be:

Contracts — You will want your attorney to prepare and to review any contracts you might sign or have signed to ensure that your interests are protected. You may also want your attorney to review any broker agreements before you sign them.

Escrow/Buyer's Deposits — Once a buyer has made an offer and put down a deposit, it is best for both parties if that deposit goes into an attorney's escrow account. This ensures that the good faith deposit is readily available for the closing date, and the money remains protected through the date of closing.

Closing — Your real estate attorney will be able to review all final contracts, payments and agreements between buyer and seller to ensure that the transfer is smooth and efficient, and provides a resolution to all open issues pertaining to your transaction.

Call us today at 718.261.8803 or contact us online to discuss how we can help you.