Real Estate FAQs

Yes. In New York, buyers and sellers are required to be represented by an attorney in real estate transactions. A real estate attorney reviews contracts, conducts due diligence, and ensures the transaction is completed properly and in accordance with New York law.

A real estate attorney reviews the purchase or sale contract, conducts or reviews the title search, resolves title or lien issues, coordinates with lenders and title companies, and prepares and reviews closing documents.

You should contact a real estate attorney when you are considering signing a contract or making an offer. Early involvement allows potential issues to be identified and addressed before they delay or jeopardize the transaction.

Most residential real estate transactions take approximately 60 to 90 days from contract to closing. Timelines may vary depending on financing, inspections, title issues, and whether the transaction is time-sensitive.

Yes. We handle time-sensitive closings and work with all parties to keep transactions on schedule.

Marano Law P.C. handles all real estate transactions, including:

• Residential purchases and sales
• Commercial real estate transactions
• Co-op and condominium purchases and sales
• Contract review and negotiation
• Title review and issue resolution
• Investment and 1031 exchange transactions

A title search examines public records to confirm ownership of the property and identify liens, judgments, violations, or other defects that could affect the transaction.

If a title issue is discovered, our firm works with the title company and other parties to resolve the issue. Depending on the issue, this may involve obtaining releases, correcting records, or negotiating solutions to allow the transaction to proceed.

Common causes of delays include title defects, financing issues, missing documentation, unresolved violations, lender delays, or problems uncovered during inspections.

Whether you can cancel a contract depends on the specific terms of the agreement and the stage of the transaction. Certain contingencies may allow cancellation, while others may result in financial consequences.

Yes. Our firm represents both buyers and sellers in residential and commercial real estate transactions throughout New York.

Yes. We handle co-op and condominium transactions, including review of governing documents, due diligence, and board approval requirements.

Yes. We coordinate with lenders, brokers, title companies, and other parties involved in the transaction to ensure clear communication and a smooth closing process.

Fees vary depending on the complexity of the transaction. Some matters are handled on a flat-fee basis, while others are billed hourly. Our fees are reasonable and transparent—so you always know what to expect.

Common mistakes include signing contracts without legal review, waiting too long to involve an attorney, overlooking title issues, and relying solely on non-legal professionals for legal guidance.

A 1031 exchange allows certain investment property owners to defer capital gains taxes by reinvesting proceeds into a qualifying replacement property, subject to strict IRS rules and timelines.

A transfer-on-death deed allows property to pass to a designated beneficiary upon death without probate. Availability and use depend on state law and individual circumstances.