2021 Best New York Real Estate Lawyers
Fengli Guo, Esq. has focused on real estate transactions and business transactions in New York ever since 2003. Our office has represented purchasers, sellers, builders, and landlords with experience of over 5,000+ closings.
We specialize in real estate and business transactions including purchase contracts, title reports, commercial lease closings, and business transactions like liquor store, restaurant, and salon ownership transitions.
The purchaser must ensure the required funds are available in their bank account before signing the contract. Delays in fund availability may risk contract default or cancellation.
It is recommended to conduct a home inspection before contract signing. For condos or co-ops, financial and building documents will be reviewed by an attorney.
The seller’s attorney sends the draft; the buyer’s attorney reviews and revises. Once agreed, the contract is signed and the buyer sends the deposit.
Once approval and title clearance are obtained, the closing is scheduled. The buyer must prepare checks, ID, insurance, and do a final walkthrough before closing.