New York Real Estate Attorney

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If you are seeking elder law or estate planning assistance, contact NY Elder Law Group today to get started.

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Real estate investments can be a great way to set you and your family up for future financial freedom. At NY Elder Law Group, we can help you make the best real estate investment for your financial goals. Whether you are new to home ownership or looking to sell your current home and make a move, we can help ensure the process is smooth and there are no surprises from the first showing to closing. 

Real Estate Law in New York 

Real estate law governs real property ownership, use, and transfer. Some key aspects of New York real estate law include the following: 

  • Property Ownership: New York recognizes various types of property ownership, such as fee simple, life estate, and joint tenancy with rights of survivorship. Property ownership determines how a property can be sold, inherited, or transferred.
  • Contract Requirements: Real estate contracts in New York must be in writing and signed by both parties. The contract must include the purchase price, property description, and closing date. Additionally, a title search and a survey is typically required before a sale can be completed.
  • Disclosures: New York has specific requirements for property disclosures. Sellers must disclose any known defects or issues with the property, such as water damage, pest infestations, or zoning violations.
  • Closing Process: The closing process in New York typically involves the exchange of funds and legal documents, such as a deed and title insurance. A closing agent or attorney is often involved in the process.
  • Zoning and Land Use: Zoning and land use regulations in New York are complex and vary depending on the location and intended use of the property. Property owners must obtain permits and approvals from the relevant government agencies before making any changes to the property or using it for a different purpose.
  • Landlord-Tenant Law: New York has substantial landlord-tenant laws, including rent stabilization and rent control, which limit the amount landlords can raise rent and protect tenants from arbitrary eviction. There are also laws regarding security deposits, lease renewals, and repairs.
  • Real Estate Litigation: Real estate disputes can arise in many contexts, including property ownership, landlord-tenant disputes, and construction disputes. New York courts have a specialized part, known as the Commercial Division, to handle complex commercial and real estate litigation cases.

These are just a few of the key aspects of real estate law in New York, and there are many more factors to consider depending on your specific situation.

What is the Connection Between Elder Law and Real Estate Law? 

As an elder law practice, NY Elder Law Group are involved in more than planning estates and helping you apply for Medicaid. Real estate law and elder law are interconnected in many ways, particularly in New York, where the cost of long-term care can be very high, and are used to determine Medicaid when assessing your assets. Here are a few ways in which real estate law pertains to elder law in New York:

  • Medicaid Planning: Many seniors in New York need long-term care, which can be very expensive. To qualify for Medicaid, which can cover the cost of long-term care, seniors must meet certain asset and income requirements. Real estate planning can be an important part of Medicaid planning, as it can help seniors protect their homes and other real estate assets while still qualifying for Medicaid.
  • Estate Planning: At NY Elder Law Group, we often help seniors with estate planning, which includes the creation of a will, trusts, and other legal documents to ensure that their assets are distributed according to their wishes. Real estate assets are often a significant part of a senior's estate, and we can help protect those assets and minimize taxes and other expenses.
  • Guardianship Proceedings: In cases where someone is unable to manage their own affairs, guardianship proceedings may be necessary. This can include the sale or transfer of real estate assets. NY Elder Law Group will help ensure that your real estate assets are handled appropriately and in your best interest.
  • Real Estate Disputes: Real estate disputes can arise in many contexts, including property ownership, landlord-tenant disputes, and construction disputes. Our goal is to help you navigate these disputes and protect your rights.

What Does A Real Estate Law Attorney Do?

At NY Elder Law Group, we will make sure that your financial interests are looked out for and that you have a smooth and stress-free real estate transaction. At NY Elder Law Group, we are also here to help make sure that your assets, especially any real estate transactions, are taken care of properly so that you and your loved ones can reap the benefits of a real estate investment for years to come. 

Contact a New York Real Estate Law Attorney Today

If you or a loved one is buying or selling real estate and need the help of an experienced legal team, NY Elder Law Group can help. Since opening her firm in 1997, lead attorney Lori Somekh has helped countless families and individuals make sure that any real estate investment and transaction positively impact their financial future. Contact us today for a free 15-minute consultation to start planning your estate. 

Real Estate Law FAQs

Why is it important to hire a real estate law attorney?

Hiring a real estate attorney is important since real estate transactions can be complex and involve property disclosures, title searches, and contract negotiations. 

How does owning property help my family’s future?

Owning property is a great way to build generational wealth. Additionally, property ownership can provide stability, security, and equity that can help obtain loans and other financial benefits. 

How hard is it to buy property in New York?

Buying property in New York can be challenging, especially in competitive real estate markets like New York City. Properties in desirable locations can be expensive and sell quickly, making it difficult to find a property that meets your needs and budget. Additionally, the New York real estate market is highly regulated and involves many legal and financial considerations, such as property taxes, title searches, and zoning regulations. However, with the help of a qualified real estate law attorney and real estate agent, it is possible to navigate the process and find a property that meets your needs. 

Testimonials

Lori and her team are excellent at what they do. The attention to detail, knowledge of state laws regarding real estate and elder law is top notch. You won't be disappointed.

N. E.

Great attorney who helped my husband hasan tremendously to close my case within 2 weeks. Highly recommended"

F. H.

I highly recommend Lori and her office, impeccable job, honest, she is very human , who listen and understands.I appreciate the very detailed invoice she gave to me where every dollar spent was explained transparent transaction

J. P.

I initially approached Lori Somekh based upon the fact that she was a fellow alumni from St. John's University. Knowing that the school has many excellent practicing attorneys was important for me, but one that specialized in elder care even more so. I wanted someone with the experience and expertise that could assist me in setting up Power of Attorney for my Grandparents. Lori did a great job. I would definitely recommend her to a friend and plan to use her services again.

T. L.
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Get Help Now

If you are trying to plan your estate, are concerned for the welfare of a parent, or wondering about how to qualify for Medicaid, we can help. Contact NY Elder Law Group today to schedule a free 15-minute consultation. 
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