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
- 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
- What are
typicalexpenses 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
- What are
typicalexpenses 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.
Get A Free Consultation
~ Lori Y., Northport
We were first-time homebuyers without a clue of how the whole process worked. Meaney & Meaney PC 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
~ 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 & Meaney PC. 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 & Meaney PC, I’m not sure we would be in our home today. We are so grateful!!!
~ Angela B., Kings Park.
Meaney & Meaney PC 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