8-10 Washington Street * P.O. Box 628 * Ellicottville, New York 14731 * P 716.699.2355 * F 716.699.4248

 

 

 

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FAQ

Getting Started

Do I need a real estate agent to buy or sell property?
Do I need an attorney to buy or sell property?
Who is responsible for drafting the contract of sale?
Can the buyer and seller use the same attorney?
What kinds of issues arise when the buyer and seller use the same attorney?
What do I need to know if I’m selling a business?

 

Choosing a Closing Date
Is the closing date listed in the contract a fixed date or a target date?
How long does a real estate closing take?
What kinds of issues can hold up a real estate closing?

 

Buyer Related Issues
What documents will I need to provide to the seller?
What are the tax consequences of buying real and personal property?
If the seller is Canadian, how does that affect the buyer?
If I’m buying in a name other than an individual (trust, corporation, LLC, etc.), what do I need to know?

 

Seller Related Issues
What documents will I need to provide to the buyer?
What are the consequences of being a Canadian seller?
What are the tax consequences of selling real and personal property?

 

What to Expect at Closing
How long will it take?
What documents will I sign?
What documents will I receive?
When will I receive the proceeds if I’m selling?