Natenate, Home Buyer in Bethpage, NY

Closing process in New York State

Asked by Natenate, Bethpage, NY Sat Jan 22, 2011

I am aware that different states do the closing differently. Sometimes the buyers and sellers meet together. How it is done in Upstate New York?

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3
First Last, , 90002
Sun Jan 23, 2011
I've closed on two properties in Monroe County. My experience was similar to Nassau County in that both sides had a lawyer involved, but otherwise there was less paperwork involved. I only attended one of the closings in person; the other my lawyer did for me without my being there.

You may be asking, in essence, do you need a lawyer? I just wouldn't close in New York State without a lawyer. If you hire a local lawyer, you will probably pay a lot less than if you hire a Nassau lawyer, and the local lawyer knows the local practices. I paid a flat fee of about $600 to my lawyer.

Of course you will want title insurance and I always obtain a market value rider on my title insurance. It adds little to the upfront cost of the policy, but it protects your investment for current value if a claim is made after the property has appreciated.

Karla Harby, VP
Charles Rutenberg Realty
New York City
kharby@crrnyc.com
0 votes
Anna M Brocco, Agent, Williston Park, NY
Sat Jan 22, 2011
The best person to answer your question is your agent and or attorney, therfore consider asking either party the question....
0 votes
Century 21 P…, Agent, Massapequa, NY
Sat Jan 22, 2011
Check with the agent you are using Upstate. They will give all of the details.
0 votes
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