Real Estate

Buying and selling a home is one of the most important financial decisions a person can make.

It’s essential to understand the law before entering into legal contract. Meaney Law PLLC can help you understand the process, draft the necessary papers, address the various issues that arise during a real estate transaction, and represent you through closing.

  • Why do I need an attorney if I am buying or selling a home?

Real estate law in New York is very complicated. You will need a lawyer to review all legal documents and negotiate on your behalf before you sign anything and close the deal. An experienced real estate lawyer will guide you through all the legal requirements and help you resolve any unforeseen situations that may arise during the process of buying or selling a home.

  • What is title insurance and why do I need it?

A title to a piece of property is a document that shows the owner is in lawful possession of that property. Title insurance protects real estate owners and lenders against any property loss or damage that might occur due to various issues such as a defect on the property or a property lien. You need title insurance to insure you against a variety of potential property defects. Defects are issues such as another person claiming an ownership interest, improperly recorded documents, fraud, forgery, liens, encroachments, easements and other items that are specified in the insurance policy.

  • What are typical expenses for the seller?

If you are selling your home, you should anticipate expenses such as agent/broker fees, marketing and advertising, necessary repairs, home staging, mortgage costs and bank fees, attorney fees, closing costs and adjustments, and moving expenses. This is not an exhaustive list, and other costs may arise during the process.

  • What are typical expenses for the buyer?

Typical costs for a buyer will include a down payment, agent/broker fees, mortgage expenses, survey and inspection fees, homeowner’s insurance, title insurance and settlement fees, property taxes, attorney fees, and closing costs and adjustments. Again, this is not an exhaustive list.

  • What are adjustments?

Adjustments are made on a final closing document to address any prorated costs for property taxes and utilities (e.g., oil, gas, and water meters). Adjustments will depend on the date of the closing, what taxes are due, and what taxes have already been paid. Adjustments ensure that taxes and utility costs have been paid and neither party is over- or under-paying the amounts due.

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Meaney Law PLLC helped me to keep my home. They were thoughtful and accommodating to my needs. Andrew and James treated me like family, not a client. I would recommend them to anyone. Meaney Law PLLC really helped me more than you can imagine. I never thought I could have recovered from that and keep my home. Thanks again!

~ Lori Y., Northport

We were first-time homebuyers without a clue of how the whole process worked. Meaney Law PLLC took the time to explain everything to us in clear, understandable language, from the time we signed the contract to the day we finally closed. When a problem came up on the title report, James and Andrew went above and beyond to take care of it, and with their expertise, we were able to close on time. Thank you Andrew and James!!

~ Susan L., Huntington

My husband lost his job and were getting in over our heads with debt. After a few unfortunate failed attempts at directly asking out mortgage company for help , we found Meaney Law PLLC. Not only did they get us into a mortgage payment that was affordable for our family, they were so understanding and compassionate. Andrew and James were reachable and honest through the process and truly cared about helping us. They never left us hanging and always followed through with their word. If it wasn’t for Meaney Law PLLC, I’m not sure we would be in our home today. We are so grateful!!!

~ Angela B., Kings Park.

Meaney Law PLLC handled the sale of our previous home and the purchase of our current one. This involved multiple parties on a very tight schedule and could have been a very stressful experience but everything was concluded on time with a welcome lack of drama.

~ Richard T., Lloyd Harbor