Real Estate

The purchase of real estate, particularly in New York City and the surrounding areas, is a detailed and complex transaction. At Andersen Law LLC, we offer our clients the benefit of decades of experience in residential real estate. We assist clients with every aspect of transactions involving the purchase and sale of residential real estate in New York, throughout the United States, and internationally.

Due Diligence

When an offer is made on a property, we begin the due diligence process. We carefully review regulatory documents, financial statements issued by co-op and condo boards, and even the monthly minutes of the boards. All the analysis is part of an effort to discern whether there are any concerns that should prevent the sale from going forward.

After we carefully review every piece of information, we prepare a detailed summary of the due diligence investigation for the client. If we or the client have any questions, we address those to the real estate agent and the building’s managing agent until they are resolved to the client’s satisfaction. We also arrange for title insurance policies on our clients’ properties. We resolve any issues revealed during the title review process prior to closing, so that our clients’ properties are conveyed to our satisfaction and to the satisfaction of the client’s lender.

Contract Review

In New York, the seller’s attorney typically prepares the contract in residential real estate transactions. Since we represent many buyers, we use extreme care in reviewing the agreements by which our clients will be bound. At Andersen Law, we never assume that a document is a standard contract.

Although we have decades of experience in preparing and reviewing real estate contracts, we closely examine each document as if it is the first we’ve ever seen. If changes are necessary, we negotiate them. Our clients depend on us to be their eyes and to explain clearly and completely the obligations that they are undertaking.

Financing and Closing

We work with lenders on behalf of our clients — many of whom are overseas — to secure financing for the properties they are preparing to purchase. Because of the confidence our clients put in us, they often grant us a power of attorney to execute the documents connected with obtaining their financing and those required at closing to facilitate every step of the transaction.

If our clients are able to be physically present, we attend the closing with them, making sure that all of the documents are consistent with those we have reviewed and explaining each one before signature. If, as often happens, our clients are not present, we exercise the same level of care in executing the documents on their behalf.

Additional Information

Our goal with every client is to make the purchase of real estate as seamless and worry-free as possible, so the client can be confident in both the process and the property. We invite you to learn more about our team or to contact us to schedule a consultation to discuss your residential real estate transaction needs.