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Knowledge of real estate transactions can be key

| Sep 25, 2015 | Real Estate Disputes

Real estate transactions can be complex which is why it is important to understand all elements of the process and what to expect when handling a real estate transaction which can help avoid real estate disputes down the road. Successful real estate transactions can be important to different types of businesses, trusts and commercial property owners and developers in New York City, as well as to others. The subject matter of real estate transactions can vary but can include office buildings; mixed-use properties; condos; new construction developments and others.

There are a number of important steps along the way during the process from beginning to concluding a real estate transaction. Important transaction for which it is helpful to be familiar with the process can include the sale or purchase of large-scale developments; real estate deals involving multiple parties; complex commercial transactions; high-value transactions; transactions between trusts; co-op refinancing; and lease negotiations among other types of real estate transactions.

Approaching a real estate transaction with careful knowledge of the process can help ensure a successful transaction. Parties to a real estate transaction may wish to be familiar with parts of the process including due diligence; representations between the parties; disclosures between the parties; clear title concerns; financing and refinancing; court approval; regulatory compliance and other important considerations.

Real estate transactions can come in a variety of forms but it is important to know how to effectively proceed through a real estate transaction, as well as how to avoid a real estate dispute or negotiate when a dispute arises. Because each real estate transaction is different, it is important to have proper guidance throughout the process to help ensure a smooth and successful real estate transaction.

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