Take the home.
Leave the hassle.
There are too many moving parts in a home closing. No one can eliminate every possible snafu. But we can do everything in our power to handle those surprises and get you to close on time. Real Estate Law is the core of our practice.
Take the home.
Leave the hassle.
There are too many moving parts in a home closing. No one can eliminate every possible snafu. But we can do everything in our power to handle those surprises and get you to close on time. Real Estate Law is the core of our practice.
Seven reasons why you’ll sing our praises instead of cursing our family name
We return your phone calls the same day.- We don’t make unnecessary work for you.
- We clearly articulate the closing process and what you can expect.
- We’re not just pushing paper for you. We’re advocating for your best result with no surprises at closing.
- We care about what you think of us and what you say to your new neighbors.
- We treat you like an intelligent person who makes intelligent choices.
- When we step in it, we admit it. Then we work on fixing the problem instead of trying to convince you we don’t make mistakes.
Real Estate Law
The core of our practice is Real Estate Law. Don’t go it alone. Call the Vallones.
The 7 Basic Steps to Closing
1. The Contract — The contract is the agreement between buyer and seller that will lay the groundwork for everything that follows. We strive to make sure our clients understand all the important terms and conditions and what their rights and responsibilities are. In New York, all contracts come with a three-day attorney approval period, so if there are problems with the contract, we can address them up front before the transaction progresses.
2. The Home Inspection — Most contracts, especially for residential real property, are contingent on a home inspection that is satisfactory to the buyer. We strongly recommend that all our buyer clients hire a professional and licensed home inspector to thoroughly inspect the home they want to buy. Homes are usually sold in “as is” condition, and it’s important for a buyer to know what he or she is getting.
3. The Mortgage Application — After the home inspection is finished, the buyer applies for her mortgage with her lender of choice. This process usually takes 30–45 days and involves providing documents to your lender, as well as an appraisal of the real estate to ensure that the bank considers the value to be in line with the loan amount.
4. The Title Exam — While the buyer applies for their mortgage, the seller’s attorney updates the search and survey for the property to ensure that the buyer gets good, clean title to the property.
5. The Mortgage Commitment — The mortgage commitment is the written approval of the loan from the bank. Usually, the commitment still has several conditions that the buyer must satisfy before the loan is cleared to close.
6. Cleared to close — Once the bank is satisfied with the property, the title of the property, and the buyer’s financial state, they issue the clear to close. The buyer can then schedule their final walkthrough to ensure that the property is in the same condition as when they did their home inspection, and we can schedule a closing.
7. Closing Day — On closing day, you come to our office or the clerk’s office to sign your mortgage documents and receive the deed to your new home!
Take it from our clients:
“The Vallone Law Firm is the most integral part of our Real Estate purchases and sales. The Vallone Law firm has successfully closed hundreds of real estate transactions and has also helped us with litigation and other branches of law. Their office and their team is extremely organized, detail orientated, friendly, and fast. I’ve never worked with another law firm that keeps the lines of communication open and keeps you in the loop with email and phone call status updates the way the Vallone Law Firm does. There are not enough stars to show just how pleased we are with Eric & Rachel in particular. They’re phenomenal!”
— Chris N.
Take it from our clients:
“The Vallone Law Firm is the most integral part of our Real Estate purchases and sales. The Vallone Law firm has successfully closed hundreds of real estate transactions and has also helped us with litigation and other branches of law. Their office and their team is extremely organized, detail orientated, friendly, and fast. I’ve never worked with another law firm that keeps the lines of communication open and keeps you in the loop with email and phone call status updates the way the Vallone Law Firm does. There are not enough stars to show just how pleased we are with Eric & Rachel in particular. They’re phenomenal!”
— Chris N.