Many attorneys who represent buyers will attempt to further mitigate their clients’ risks by modifying the standard contingency language to state the buyer may cancel the contract and receive a refund of their deposit if the lender refuses to fund the loan for any reason. This is an inequitable outcome for sellers.

The New York Property Condition Disclosure Statement (PCDS) is a document that sellers of residential real estate in New York State are required to complete and provide to potential buyers. Here's a summary of its key aspects:

New York's Real Property Actions and Proceedings Law (RPAPL) § 841 provides a statutory mechanism for addressing nuisances that affect real property. This legal provision serves as an important tool for property owners and communities to combat conditions that substantially interfere with the use and enjoyment of property.

Starting March 20, 2024, changes to New York Real Property Law will require real estate sellers to provide buyers with a Property Condition Disclosure Statement that can expose sellers to potential claims after closing.

On or about closing dates can be a real pain. The real estate attorneys at The Donaldson Law Firm offer an alternative that can help mitigate the pitfalls associated with target closing dates.

When it comes to owning real estate in New York, there are three options when a purchase or transfer involves more than one individual taking title.

Buying or selling in Harrison, New York? Check out some cool facts about the area.

Check out Homelight’s article on closing times based on an interview conducted with Stephen Donaldson, esq.

Selling a home in Peekskill? Buying real estate in Peekskill? Check out more information about buying and selling in Peekskill.

My contract of sale says the closing date is January 15th, so are we definitely closing on the 15th?

Selling a home in Goldens Bridge? Buying real estate in Goldens Bridge? Check out more information about buying and selling in Goldens Bridge.

As experienced real estate attorneys, The Donaldson Law Firm regularly works with clients selling single family homes, condos, coops, etc. Here are some of our top tips for local sellers.

Getting ready to sell your coop apartment? Here are the basic steps that it takes to get from contract all the way to closing.

Considering how infrequently the average homeowner goes through the process of buying real estate, it isn’t unusual for there to be some confusion around a buyer’s contractual rights and obligations when they’re getting ready to make an offer on a piece of property.

Do you need to pay off a HELOC in full before you sell your house? Find out here.

If you’re buying or selling real estate in Westchester and the property has a private well, county law requires a seller to test for contaminants. Read more about the ins and outs of well water testing in Westchester County.

Thinking about buying, selling, or leasing real estate in Katonah, NY? Check out some important tips to keep in mind when shopping for real estate in Katonah.

Learn more about the real estate landscape in Somers, New York, as well as the local home buying and selling process.

When it comes to real estate contracts of sale, it’s common to see title referred to as either “marketable” or “insurable” title. The two terms are often used interchangeably but are commonly misunderstood.

When some home buyers first begin looking at homes in the Westchester area, a common question that arises is, “What the heck is radon?”