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for buyers

At Allen Law, the number one goal in every single transaction is to alleviate all stress while making the complicated simple, regardless of what side of the “closing table” a client sits on.

WHAT A PURCHASER CAN EXPECT FROM ALLEN LAW PC

  1. Collaboration from the outset, with the creation of a file specific game plan to assess and address all key property ownership goals of each client to insure they are met at the completion of transaction.
  2. Negotiating, revising, and drafting applicable amendments to the Contract of Sale, ensuring the Seller makes all representations deemed necessary given nature of the transaction and the deal points conveyed during offer acceptance.
  3. Preparation and presentation of a full digest of all due diligence for pre-contract signing review. The digest will organize all necessary information collected regarding the property into one easy to follow summary from such resources as:
    1. Offering Plan and Amendments thereto, if applicable;
    2. The proposed budget and financial reports;
    3. By-Laws and House-rules;
    4. Purchase and Sale Applications;
    5. Board of Directors meeting minutes;
    6. A custom questionnaire for a building’s managing agent and/or Board of Directors to give up to date answers regarding crucial questions on any give transaction;
    7. Department of Building database to confirm there are no open permits or violations against the subject property, a valid Certificate of Occupancy is in place;
    8. All City and State databases to confirm owners of record, current tax information, possible liens against the property over and above a Seller’s mortgage, etc.
  4. Analysis of the lien search/title report, ensuring that the property conveyed is free from any liens or encumbrances at the closing.
  5. Review of any closing instructions, closing costs, financing breakdowns and preparation of an estimated closing statement to help explain final flow of funds prior to the closing date.
  6. Coordination of the Closing with all relevant parties to the transaction.
  7. Attendance at the Closing, where all documents shall be fully explained. The Closing will also be where clear title is transferred, all contractual obligations of the Seller are confirmed and any remaining issues will be addressed before the Closing concludes.
  8. Creation and assembly of a final closing binder organizing all relevant documentation into one place along with the final closing statement, illustrating the final breakdown of the financials of the transaction.

New York Residential Real Estate Law Firm

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