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Fengli Guo, Esq. has focused on real estate transactions and business transactions in New York ever since 2002.
Our office represented purchasers, sellers, builders, and lenders with experience of over 5,000 closings.
Fengli Guo, Esq. specializes real estate and business transactions. Our practice includes: draft/review purchase contract, review title report, closing, commercial lease, and business transaction including liquor store, restaurant, dry cleaner and nail salon.
Home Real Estate Services
Lease Review Negotiations
Commercial real estate services
Business transaction
The purchaser shall make sure the fund to purchase the real property is available in the bank account before signing the contract. This is especially important for those purchasers who purchase cooperative units or who need to apply for loans from banks. If the contract is signed first before the fund is available in the bank account, it’ll delay the loan approval or cooperative board approval. In case the fund is not available after the contract is signed, it will not only delay the transaction and closing but also put the purchaser at risk of contract default and loss of contract deposit.
If a purchaser plans to purchase a residential house, it is strongly recommended that the purchaser shall have a home engineer inspect the house and have the home inspection report ready before entering into the contract. In the event that the purchaser plans to purchase a condo or cooperative unit, a home inspection may not be needed but the building offering plan and financial statements shall be reviewed by the attorney for evaluation.
First the seller’s attorney sends the contract draft to the purchaser’s attorney. The purchaser’s attorney reviews the contract and makes revisions. After the seller’s attorney approves the proposed revisions to the contract, the purchaser will sign the contract first and send the contract deposit to the seller’s attorney. After the seller’s attorney receives the contract deposit, the seller will sign the contract. At this point, the contract is fully executed and becomes a binding legal.
After the loan approval is obtained and the title report shows title records are clear, all parties will proceed to schedule the closing. The purchaser shall make sure to do the final walk-through prior to closing, purchase home insurance, prepare bank checks and bring unexpired photo ID to closing.
Our practice includes: draft/review purchase contract, review title report, closing, commercial lease, and business transaction including liquor store, restaurant, dry cleaner and nail salon.
New York State law states that a real estate transaction must be attended, supervised, and directed by a licensed New York real estate attorney, from examining title to signing documents. Lawyer Guo Fengli can provide you with legal services for real estate transactions such as commercial buildings, residences, cooperative apartments, and condominiums, and can represent developers, banks, buyers, sellers, cooperative apartment buildings and other transaction entities in the transfer of ownership.
The title change can be simply divided into two types: one is paid transfer, which is a normal house sale; the other is free transfer, such as gift. The tax and title insurance issues involved in the two renaming methods are very different. Ownership method: In addition to paying attention to the transfer method, you also need to pay attention to the holding method of the property owner in New York State.
Whether you are buying (renting) a newly opened store, or taking over a small business that someone else already has, you must see if the store can be legally opened there. For example, to open a winery depends on whether it is allowed to open a winery on the c/o. Even if it is a business that the store is already doing, it cannot be assumed that c/o must meet the regulations. Lawyer Guo Fengli is familiar with the legal terms of retail sales and has nearly 20 years of legal service experience.
Guo Fengli specializes in real estate transfer legal services. Guo Law Society informs you of all the fees required for the case before the case is opened, and the case handled will only charge a fixed fee from beginning to end, and there will be no hidden fees. Lawyer Guo is well aware of the pain of housing disputes experienced by clients, and will do his best to win legal rights and interests for clients.
Lawyer Guo Fengli has handled the negotiation and appraisal of shop rent for many years. Lawyer Guo will carefully study the terms of each lease agreement, coupled with her in-depth understanding of the legal provisions and precise grasp of the details, and strive to strive for the most favorable terms for you. In addition, every commercial lease may have traps. Before signing the contract, be sure to ask a professional lawyer to analyze each clause and eliminate the traps.
Buying and selling real estate in the U.S. has many confusing and complex legal documents, and in New York State, real estate contracts must be written by a lawyer.
So having a good real estate lawyer is crucial to help ensure your real estate sale goes smoothly.
The latest information and legal provisions of New York real estate, expert analysis and advice of Guo Fengli lawyer.
Fengli Guo, Esq. has focused on real estate transactions and business transactions in New York ever since 2002.
Our practice includes: draft/review purchase contract, review title report, closing, commercial lease, and business transaction including liquor store, restaurant, dry cleaner and nail salon.
Our Office:
36-26 Main St.#2B, Flushing NY 11354.
Phones:
+1 (718) 888-8720
Contact:
guoassociates@yahoo.com
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