"Mr. Arrigali is extremely knowledgeable, professional, and answers all questions in a timely manner. I will definitely recommend him to family and friends without hesitation." - Steven P.

"5 star Chris, as always thank you so much for all your help, advise and quick reply, looking forward for more real estate deals with the near future." - Josh G.

"I worked with Chris Arrigali for the closing on my house. Being a first time home owner, it was very stressful. Chris was wonderful to work with. He is extremely knowledgable and made the experience much easier to handle. Could not have been happier with the outcome! Thanks again Chris!" - Nicole M.

"Mr. Arrigali is the best lawyer that I know. He is on point with everything he does. That is my lawyer I love him will refer anyone who needs a real estate lawyer." - Mia B.

1110 South Avenue, Suite 78
Staten Island, NY 10314
(718) 569-5002
staten island real estate news
Staten Island real estate lawyer attorney Staten Island real estate Staten Island law firm Staten Island personal injury law Staten Island estate planning staten island real estate predictions staten island housing market 2017
 

January 30, 2016 - Tips for Real Estate Agents From Your Staten Island Real Estate Attorney


Whether you’re a listing agent or a buyer’s agent, there are many things that a real estate agent must look out for to prevent a Staten Island real estate deal from falling apart before the final contract is signed.  This might be old news to many of the talented, knowledgeable real estate agents that I frequently work with.  For those starting, here are four primary tips from my Staten Island legal firm that I've learned during the years:

1. Be Knowledgeable – Inform and educate yourself so that you are in the best position to inform and educate your clients.  Listen Agents – Inform your clients what their potential closing costs will be.  Let sellers know about PCDA (agents, contact me for my “pre-closing checklist” for more info about this).  Buyer Agents – Inform buyers to get an inspection done ASAP if they are planning on doing so.  Be aware of how an “on or about” date works, which allows for an extension of 30 days.

2. Know What "As Is" Condition Really Means - "As Is" condition, in a standard Staten Island residential deal, means substantially the same condition as when the offer was made with subsequent (reasonable) wear and tear.  So if a seller puts holes in the wall when they are moving their possessions out, this is not reasonable wear and tear and would have to be repaired by the seller.  

One notable exception to this understanding is the main systems in the home and the roof.  Most contracts in Staten Island state that the main systems have to be in "working order" and the roof must be "free of leaks."  Make sure your clients know this!


Staten Island homes photo by Staten Island real estate attorney Staten Island real estate lawyer buy a home in Staten Island law firm staten island real estate predictions staten island housing market 2017


3. Be Present For The Inspection – Whether you are the listing agent or the buyer’s agent, be there for the inspection!  This gives you a leg up on dealing with potential issues.  Don’t shy away from the transaction or leave it to the attorneys at this point.  In my experience, many real estate attorneys do not wish to get involved in negotiating repairs (especially practitioners not specializing in Real Estate).  Now is the time to work together with the other agent and the respective clients and try to work out any repairs or possible credit or price reduction.  This is the part of the real estate deal that is most crucial and can make the difference between a deal that closes or one that dies on the vine.

4. Refer Your Client To A Real Estate Attorney – Many attorneys who are general practitioners or litigators think that handling a real estate transaction is very simple.  The fact is that every transaction is unique in its own way and you want your client to be represented by someone who has a vast amount of experience in Real Estate Law.  In addition, many attorneys in other practice areas tend to be of an adversarial personality.  A real estate transaction requires an attorney who is patient, goal-oriented and calming for the clients.  Generally, all parties are working towards the same goal – closing the real estate transaction.  So make your referral a good one, and make sure you refer your client to an attorney who practices Real Estate Law.


Click here to return to the main News section.


This Information, based on New York law, was provided courtesy of The Law Office of Christopher J. Arrigali, P.C.  It is intended to inform, not to advise.  No one should try to interpret or apply any law without the assistance of legal counsel.


Staten Island home photo on Staten Island Real Estate Attorney page by Staten Island real estate lawyer buy a home Staten Island attorney staten island real estate predictions staten island housing market 2017




For the latest news about your Staten Island real estate firm, follow Chris on:

staten island real estate predictions staten island housing market 2017 staten island real estate lawyer staten island lawyer staten island law firm    staten island real estate predictions staten island housing market 2017 staten island real estate lawyer staten island lawyer staten island law firm