Long Island Personal Injury Lawyer

Buying A Home In NY

Long Island Real Estate Lawyer

Buying a home in New York state? Five things you need to know.


For most people buying a home is one of the most expense purchases they’ll ever make. Buying a new home is also one of the most exciting experiences you’ll ever have, but it can also be one of the most stressful. Working with a Long Island real estate lawyer will help you make a wise investment and ensure the process goes as smoothly as possible.

  1. Seller Disclosure

According to New York Law Real Property Law Section 462, sellers must provide buyers with a disclosure form. This means you’ll be aware of any issues with a home before you write an offer. The disclosure form must include:

  • Conditions that are of concern in the home (such as asbestos or termite damage)
  • Material defects in the electrical system or anything else
  • Rules of the homeowners’ association if applicable
  • Other details pertinent to owning the property, such as shared spaces

There are additional Title X disclosures required for homes built before 1978.

Newly built homes and cooperatives are exempt from state disclosure rules, but all other homes for sale must provide potential buyers with information or credit the buyer with $500 at closing.


  1. Buyer Inspection

The seller disclosure is valuable for helping you make a smart home buying decision, but it’s not the only tool available to help you evaluate a home. Most buyers hire a home inspector to verify the information provided in the disclosure and to inspect the home for additional issues.

Home inspectors evaluate issues related to a home’s structural and foundational integrity, all of the home’s major systems, and a variety of other factors. Offers to buy are usually contingent on a satisfactory inspection, which means an offer can be withdrawn if an inspection turns up a problem or the price negotiated based on conditions discovered during an inspection.


  1. Purchase Agreements

A purchase agreement is a legally binding document that includes the terms and conditions of a home purchase. It must be signed by both the seller and the buyer and include:

  • Description of the property
  • Offer to purchase
  • Acceptance of the offer
  • Sale price
  • Down payment
  • Other financial terms
  • Designation of party responsible for paying settlement and closing costs


  1. Title Search and Title Insurance

A title search is an essential part of a new home purchase. In New York, the buyer is responsible for obtaining a search from the title company, which includes public records and sources of liens, easements, or other encumbrances or restrictions that affect the home. It’s within a buyer’s rights to request any problems be corrected by the seller as a condition of closing.

Title insurance is available to protect the title from adverse claims by third parties. Usually, mortgage lenders require title insurance as a stipulation for approval for a mortgage.


  1. Legal Support for Buying a Home in New York State

Because of the amount of money involved and the importance to you and your family in buying a home, you should always have an Long Island real estate lawyer representing you. A real estate lawyer assists with mortgage documents, reviews the title report and ensures issues are resolved prior to closing, prepares closing documents, and calculates the money owed to whom at the closing. Should any problems arise, your attorney will advocate for you to ensure that you receive all the benefits/obligations required by your contract.

Let Us Be Your Long Island Real Estate Lawyer

Never is patience more a virtue than with buying a home in New York. If you would like more information on buying or selling a home in New York State or you need to hire Long Island real estate lawyer with expertise in home buying and selling, contact us today!

Elan Wurtzel

Personal Injury Attorney

527 Old Country Rd.
Plainview, New York 11803

Phone: (516) 822-7866
Fax: (516) 822-7889

Quality representation you need ... Respect, compassion, and attention you deserve.


Get in Touch

    Skip to content