4 Tips for a Successful Residential Real Estate Closing Process

Whether you’re buying or selling a home in New York, closing day is the most important day in the process. It’s the day you’ll take or relinquish ownership of the property. To ensure a successful closing day, you’ll want to handle the closing process with care. Here are a few tips for a successful residential real estate closing process:

 

  • Taking Care of the Paperwork

 Keep all papers – forms, receipts, and documents in one place. This will save you time and prevent any delays in the paperwork process. If you need to take out an item from your file, make sure to do so ahead of time, and put it back in place as soon as possible. If you’re buying or selling a house, make sure all your invoices are paid ahead of time. This prevents the seller or buyer from trying to pull a fast one on you.

 

  • Dealing with the Title Company

Your title company will provide you with all of the documents required by New York. When they do, make sure you read and understand each form. We’ve all heard horror stories about people not understanding paperwork, but it doesn’t have to happen to you. Just make sure you know what every document means before signing it.

 

  • Do Your Due Diligence before closing on the deal

 You’ll want to make sure all property taxes have been paid. If you’re buying a house, make sure the seller has paid off all mortgage obligations – and make sure they transfer the title over to you. This will ensure ownership of the house is transferred in your name and not that of another party.

 

  • Consider Hiring a Real Estate Attorney

Just about every state requires you to hire a NY real estate attorney to accompany you to the closing process. Make sure to hire one with closing experience. It’s always a good idea to hire an attorney when buying or selling property – it gives you peace of mind in case something goes wrong.


When the day comes to sign and exchange documents, you’ll want to make sure you bring everything with you and have a copy of every single document. Good Luck!


 

Get in touch and schedule a call to find your dream home in New York City !!

Real Estate Lawyer Queens R.A Esq. 88-02 136th St, Jamaica, NY 11418 (718) 206-1555 https://realestatelawyernys.com/

Vaccination site set for Martin Van Buren High School

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Martin Van Buren High School in Queens Village will be the first vaccination site in Council District 23, which encompasses the most eastern parts of Queens.

The site was supposed to open last week, but was delayed due to the winter storm, which dropped eight inches of snow and caused City Hall to push back the opening.

“Martin Van Buren High School is a perfect location for a vaccine site here in eastern Queens,” said Councilman Barry Grodenchik. “After working with City Hall for weeks, I am encouraged by the selection of this school and look forward to seeing the site in operation.”

Grodenchik said the phone lines at his office have been ringing “off the hook” as local residents, especially seniors, seek appointments.

Some residents have even traveled outside the borough because the vaccine was not available nearby.

Gennaro sworn in as City Council member for 24th District

James F. Gennaro

You can now remove “former” from Councilman Jim Gennaro’s title.

The eastern Queens representative, who resoundingly won a special election on February 2 with 60 percent of the vote, officially fills the vacancy created by the departure of former Councilman Rory Lancman.

Lancman left the City Council early for a role in the Cuomo administration. Gennaro will serve the remainder of the term, which goes until the end of the year.

If Gennaro wants to hold onto the seat for a full four-year term, he will have to win the primary and general election this year.

After his special election win was certified by the NYC Board of Elections, Gennaro was sworn into office via Zoom.

“I am humbled by and grateful to the people of the 24th Council District who returned me to office with more than 60 percent of the vote in an eight-candidate field,” he said. “I am overwhelmed by their support and I promise to live up to the trust that the people have placed in me.”

Gennaro said he is now hiring staff to serve his constituents, and he has already interviewed some “very talented and committed people.”

Constituents can reach his office at 718-217-4969.

Queens Botanical Garden adds new Board of Trustees members

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Four new members have joined the Board of Trustees for the Queens Botanical Garden.

Anthony Lui, vice president branch manager at Flushing Bank, has been with the bank since 2010. He has managed five different branches in the past decade.

Lui served as a Marine in the Marine Corps after high school, serving three years overseas in Okinawa, Japan. After being honorably discharged, he graduated from Baruch College’s Zicklin School of Business.

Rebecca Schmutter, counsel at Farrell Fritz PC, counsels corporations, family-owned businsesses and individuals on domestic and international tax matters.

Prior to joining Farrell Fritz, she was counsel at Pryor Cashman LLP, and also an associate at Gibson, Dunn & Crutcher LLP. She is an alumna of Columbia College and Columbia Law School.

Lee-Lee Chang works as an attorney specializing in commercial and residential real estate transactions. Before running her own law practice, Chang was an associate attorney at the law firm of Wise, Lerman and Katz, P.C.

Chang attended Taiwan National Chung Hsing University and CUNY Law School.

Finally, Jenny Zeng, a 30-year Queens resident, is president of East Grandview in Flushing. She worked in comprehensive planning and design for national parks.

In 2008, Zeng started her own business introducing traditional Chinese silk embroidery art. She has also worked as a manager in the medical field.

Give your input for the redesign of Captain Mario Fajardo Playground

Screenshot via Google Maps

Screenshot via Google Maps

Tonight, the public has a chance to comment on the renovation of Captain Mario Fajardo Playground in Kissena Corridor Park.

Councilman Peter Koo, City Council Speaker Corey Johnson and the Queens borough president’s office secured $3.2 million to redesign and reconstruct the playground area.

The virtual meeting will give residents and community members an opportunity to weigh in on the project.

“Captain Mario Fajardo Playground is in a prime location with subprime conditions,” Koo said. “The equipment is run down, the space is underutilized and the community is ready for a change.”

The meeting begins tonight at 6 p.m. Register at nyc.gov/parks/input.

Register now for next week’s virtual jobs fair

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Borough President Donovan Richards is continuing the series of virtual jobs recruitments fair for borough residents.

The next fair is set for Thursday, February 18 at 2 p.m., and will be hosted in partnership with 10 featured employers, which can be seen above.

“Our ultimate recovery and rebuild as a borough must center on connecting our unmatched talent with available employment opportunities as quickly and efficiently as possible, and Queens is grateful to our hiring partners who have stepped up to participate in this critical process,” Richards said.

Applicants interested in participating in the Q&A Zoom webinar must RSVP by Wednesday, February 17 at www.queensbp.org/rsvp.

Participants will hear presentations from employers and recruiters seeking to fill positions in their fields. You can also livestream the event by visiting www.queensbp.org.

SBS is hosting free small business seminars

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The NYC Department of Small Business Services is hosting a series of free seminars for those looking to start their own small business or become a vendor at the Queens Night Market.

The seminars will cover a range of topics, from creating a viable business idea and industry and competitor analysis to branding and marketing, social media and obtaining permits.

Attendees can expect guest speakers, networking and Q&A opportunities.

The first seminar is set for Tuesday, February 23, the second is on Tuesday, March 2 and the last will be on Tuesday, March 9. All run from 6 to 9 p.m.