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Home / Real Estate / Priscilla Toomey on Real Estate: Can’t We Just Leave It to the Lawyers?
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Priscilla Toomey on Real Estate: Can’t We Just Leave It to the Lawyers? |
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By Priscilla R. Toomey, Licensed Associate Real Estate Broker, Julia B. Fee/Sotheby's International Realty
Apr. 3, 2019: Many people believe that once price and terms have been agreed to in a real estate purchase and sale, they can just turn the deal over to the lawyers to “take care of things.”
That is not a good idea. A real estate transaction takes a team to be completed successfully and communication between the team members needs to be frequent, candid, and ongoing. The seller or buyer is, of course, a key member of the team. So are the lawyer, the real estate agent, and the lender.
Below are some of the crucial functions each of those three team members contributes.
The Real Estate Agent: The “physical” side of the transaction
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Property preparation/search – For a seller, the home needs to be readied to be put on the market, from staging to preparation of a floor plan to professional photography, and recent comparable sales need to be analyzed to help the seller price it correctly from the get-go. From the buyer’s perspective, this includes identifying suitable homes through the property search and providing recent comparable sale information to help negotiate price and terms once a home has been selected.
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Hold both broker and public open houses for a seller and let a buyer know about public open houses to attend, negotiate price and terms, and accompany a buyer’s inspector on the home inspection.
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Make sure the purchase memo, which the seller’s lawyer will use as the basis for the contract, is accurate.
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Prepare a package of recent comparable sales information for the appraisal.
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Coordinate with the agent for the other party wherever needed, help their client prepare for the closing, and accompany the buyer on the walk-through right before the closing to make sure everything is as it was at the time of the inspection and that any agreed-upon repairs have been made.
The Lawyers: The documentary side of the transaction
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Make sure the contract accurately reflects the agreed-upon terms of the deal and that their client is protected by its terms. Contracts are not binding until signed by both sides and the down payment is in the hands of the seller’s lawyer.
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Make sure title is clear – that the certificate of occupancy includes the current state of the property, that the removal of any underground oil tank is properly documented, that any issues from the inspection have been addressed in writing, and that any disclosures that are required have been made.
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Make sure an up-to-date survey is in hand.
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Coordinate with the lender and the real estate agent to answer any questions (keep in mind that the lawyer has almost never seen the property first-hand).
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Prepare all documents for the closing, manage the closing process with the lender, title company, and the parties, and make sure that title to the property is recorded with the appropriate authorities.
The Lender: The financial side of the transaction whenever there is a mortgage involved
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Review the buyer’s financial documents and issue a pre-approval.
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Arrange for the appraisal.
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Issue a good-faith estimate so the buyer can get an idea of what the closing costs will be, though the final numbers may vary.
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Make sure the buyer has submitted documentation of homeowner’s insurance.
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Issue the commitment and then a clear-to-close once final approval has been given for the mortgage.
As always, “the devil is in the details” and there are many more details than can be listed here – and they vary from transaction to transaction. But the purpose of this article is to give an overview to emphasize that success depends on teamwork – and it will pay off in both the buyer and seller feeling comfortable throughout the transaction.
Pictured here: Priscilla Toomey, licensed associate real estate broker, JD, ABR, Top5, certified EcoBroker, SRES with Julia B. Fee/Sotheby's International Realty, 2 Park Place, Bronxville, NY 10708; cell, 914-559-8084; email,
CLOAKING
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Photo courtesy Julia B. Fee/Sotheby's International Realty
Editor's note: As a public service, MyhometownBronxville publishes press releases, statements, and articles from local institutions, legislators, and candidates. MyhometownBronxville does not fact-check statements therein, and any opinions expressed therein do not necessarily reflect the thinking of its staff.
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 By Priscilla Toomey, Julie B. Fee Sotheby's International Realty Dec. 4, 2019: Here are ten tips to winterize your home to stay cozy and avoid freeze-ups, leaks, and drafts: *Clean... Read more |
Real Estate Directory
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Bronxville is a quaint village (one square mile) located just 16 miles north of midtown Manhattan (roughly 30 minutes on the train) and has a population of approximately 6,500. It is known as a premier community with an excellent public school (K-12) and easy access to Manhattan. Bronxville offers many amenities including an attractive business district, a 400-bed acute care hospital (New York Presbyterian/Lawrence Hospital), public paddle and tennis courts, fine dining at local restaurants, two private country clubs and a community library.
While the earliest settlers of Bronxville date back to the first half of the 18th century, the history of the modern suburb of Bronxville began in 1890 when William Van Duzer Lawrence purchased a farm and commissioned the architect, William A. Bates, to design a planned community of houses for well-known artists and professionals that became a thriving art colony. This community, now called Lawrence Park, is listed on the National register of Historic Places and many of the homes still have artists’ studios. A neighborhood association within Lawrence Park called “The Hilltop Association” keeps this heritage alive with art shows and other events for neighbors.
Bronxville offers many charming neighborhoods as well as a variety of living options for residents including single family homes, town houses, cooperatives and condominiums. One of the chief benefits of living in “the village” is that your children can attend the Bronxville School.
The Bronxville postal zone (known as “Bronxville PO”) includes the village of Bronxville as well as the Chester Heights section of Eastchester, parts of Tuckahoe and the Lawrence Park West, Cedar Knolls, Armour Villa and Longvale sections of Yonkers. Many of these areas have their own distinct character. For instance, the Armour Villa section has many historic homes and even has its own newsletter called “The Villa Voice” which reports on neighborhood news.
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Park Sterling Realty 17 1/2 Park Place Bronxville, New York 10708 914-337-1234
https://www.parksterlingrealty.com/
Houlihan Lawrence 4 Valley Road Bronxville, New York 10708 914-337-0400
www.houlihanlawrence.com/offices/Bronxville www.houlihanlawrence.com
Houlihan & O'Malley 133 Parkway Road Bronxville, New York 10708 914-337-7888
www.houlihanomalley.com
Julia B Fee Sotheby's International Realty 2 Park Place Bronxville, NY 10708 914-620-8682
website
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Bertine, Hufnagel, Headley, Zeltner, Drummond & Dohn LLP
Established in 1929, Bertine, Hufnagel is "a general practice law firm, offering clients expertise in both individual and commercial matters." Their broad range of services include the following: Wills, Estate Planning and Taxation, Probate and Estate Administration, Elder Law, Real Estate (commercial, residential, condominiums and cooperatives), Commercial Law and Transactions, Litigation and Banking Law.
700 White Plains Road Suite 237 Scarsdale, New York 10583 (914) 472 7700 (914) 472 1946 (fax) www.bertinehufnagel.com
Suzanne M. Bloomer Wills, Trusts, Estates and Real Estate
85 Pondfield Road Bronxville, New York 10708 914-337-0142 smbloomerattorney@msn.com
George R. Mayer, Esq. 65 Pondfield Road #6 Bronxville, New York 10708 914-337-3033 (tel) 914-337-1038 (fax) www.bronxvillelaw.com grmayer38@aol.com

Griffin, Coogan, Sulzer & Horgan, P.C.
Attorneys and Counselors at Law
Located in Bronxville, New York, Griffin, Coogan, Sulzer & Horgan, P.C. takes great pride in providing our clients with comprehensive, high quality legal services in a responsive manner. The firm concentrates its practice in real estate law with a primary focus on issues relating to real estate tax litigation (also known as tax certiorari), real estate transactions, valuation law, real property taxation and tax planning and real property tax exemption matters throughout New York State.
The firm serves as general counsel for several local cooperatives and represents clients in various issues relating to wills, trusts and estate planning.
51 Pondfield Road Bronxville, NY 10708 (914) 961-1300 info@gcshlaw.com
www.gcshlaw.com
Kim O'Toole, Esq. 80 Sagamore Road 914-961-6175 (tel) 914-337-3292 (fax) kotlaw@verizon.net
Mary Anne O'Callahan, Esq. 32 Gramatan Court Bronxville, New York 10708 914-779-3558 (tel) 914-779-5182 (fax) maocallahan@verizon.net
Nobile, Magarian & DiSalvo
We are hardworking and dedicated attorneys who, combined, have more than 150 years of experience delivering quality legal advice. Our cutting edge is our ability to enter both the conference room and the courtroom with strength. Our law firm provides legal representation and counsel for both individual and business clients on issues related to estate planning and administration, real estate law, litigation, and business law. Our practice areas include: Commercial Litigation, Business Law, Real Estate, Wills, Estate Planning, Trusts, Estate Administration, Living Wills, Health Care Proxies, Powers of Attorney, Not For Profits, and Employment Law.
111 Kraft Avenue
Bronxville, NY 10708
914-337-6300
http://www.nmdlaw.com/

Veneruso, Curto, Schwartz & Curto, LLP
Veneruso, Curto, Schwartz & Curto is dedicated to providing businesses and individuals with exceptional legal services customized to each client's needs and objectives. Practice areas include litigation, real estate, not for profit, wills and estate planning, land use and zoning, business and corporate, cooperative and condominium and real estate tax assessment litigation.
The Hudson Valley Bank Building
35 East Grassy Sprain Road, Suite 400
Yonkers, New York 10710
914-779-1100
http://www.vcsclaw.com/
Peter W. Williamson, Esq. 141 Parkway Road 914-337-3434 (tel) 914-337-3392 (fax) pwwilliamson@verizon.net
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Leslie Homer 71 North Avenue New Rochelle, New York 10801 914-632-8989 www.homerinsurance.com lhomer@homerinsurance.com
John L. Vorbach Company, Inc. Insurance Brokers Manhattan Media & Technology Center 65 Broadway, 9th Floor New York, New York 10006 212-294-4900 x 112 cvorbach@vorbach.com www.vorbach.com
Linda Graef Jones, Private Client Sales Executive Personal Risk Management Solutions Focuses solely on personal insurance and provides unique, customized solutions that save money and time and create peace of mind.
6 East 43rd Street New York, New York 10017 914-645-3951 JonesL@thePRMSpromise.com
www.theprmspromise.com
Palmer-Tanno Agency, Inc. Independent Insurance Agents since 1948
Greg Tanno 141 Parkway Road, Suite #11 Bronxville, New York 10708 914-793-6603 palmertanno@aol.com
Ranieri Insurance Agency Auto, Home, Business & Life Over 50 Years' Experience
Paul D. Ranieri, CPCU 457 Palmer Road Yonkers, NY 914-376-2560 dcranieri@aol.com
Rollins Insurance and Risk Management Solutions Since 1910 65 Main Street Tuckahoe, New York 10707
914-337-1833 info@rollinsinsurance.com www.rollinsinsurance.com
Home Improvement Directory
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Edwin Gemes, Ltd.
Bronxville 914-779-7580 edwingemes@verizon.net
Madeline Eckett Oden Interiors
61 Beechmont Avenue Bronxville, New York 10708 914-779-3935 eckettoden@aol.com
Jane Mitchell
9 The Byway 914-337-1216
Samuel Botero Associates, Inc.
215 East 58th Street Suite 6B New York, New York 10022 212-935-5155 www.botero.com
Sandra Steele Schneider Interiors
70 Burkewood Road Mount Vernon, New York 10552 914-668-4468 sssinteriors@verizon.net
Serendipity Interior Design, LLC
Catherine Wyner 203-846-0809 or 203-637-9266
Shannon Interiors LTD.
Kelly Shannon Jelensperger, President 81 Pondfield Road #344 Bronxville, New York 10708 914-793-1629 (O) 914-953-7584 (C) 914-793-2195 (F) shannoninteriors@aol.com
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Architects
Dean Davis
2 Park Place Bronxville, New York 914-961-5953
Michael Davis
435 Hudson Street, 8th Floor New York, New York 10014 212-645-6066 info@michaeldavisarchitects.com www.michaeldavisarchitects.com
Charles Hilton
Hilton Vanderhorn Associates 31 East Elm Street Greenwich, Ct. 06830 203-862-9011 (tel) 203-862-9196 (fax) ch@hilton-vanderhorn.com www.hilton-vanderhorn.com
Scott Koniecko Architects
80 8th Avenue Suite 1600 New York, New York 10011 212-620-3924 (tel) 212-620-7640 (fax) skoniecko@aol.com
Maggie Marrone Architects
914-771-6750 Mgmaia5@aol.com
Peter Pennoyer Architects
432 Park Avenue South, 11th Floor New York, New York 10016 212-779-9765 peter@ppapc.com www.ppapc.com
Radoslav Opacic Architects
24 N. Astor Irvington, New York 10533 914-591-4306 (tel)914-591-4308 (fax) info@opacicarchitects.com www.opacicarchitects.com
Landscape Architects
Renee Byers, Landscape Architect P.C.
10 Avon Road Bronxville, New York 10708 914-337-3103 rb@reneebyers.com www.reneebyers.com
Engineers
Civil Engineer Brett Auerhahn P.E. 914-961-2242
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Chimney Sweep
Egan Chimney Sweeps
845-628-8515
Electric
Keating Electric & Technologies
115 Wall Street Valhalla, New York 10595 914-747-9294 www.keatingelectric.com
Lippolis Electric
445 5th Avenue Pelham, New York 10803 914-738-3550
James A. Stone
96 Congress Street Harrison, New York 10528 914-835-0447
White Electric, Inc.
128 Fulton Street White Plains, New York 914-946-5566 www.whiteelectric.com
General Contractors
Vincent Franco R-Men Contracting 179 Summerfield Street Scarsdale, New York 10583 914-472-7007 (tel) 914-472-0451 (fax) Vincent.franco@rmencontracting.com
Arthur Lange Inc.
841 Tuckahoe Road P.O. Box 993 Bronxville, New York 10708 914-337-4422 (tel) 914-395-0471 (fax) www.arthurlangeinc.com
Heating & Cooling
Absolute Comfort & Temperature Control Inc.
Mr. Paul Gomprecht, President 914-761-0529 Absolutecomfort1@aol.com www.Absolutecomfortcontrol.com
Richards Conditioning Corp.
70 Marbledale Road Tuckahoe, New York 10707 914-337-0300
Besson Oil Inc.
140 Marbledale Road Tuckahoe, New York 10707 914-779-0008
Iron Work
Debra Coddington
Arrowsmith Forge 3788 Rte 44 Millbrook, New York 845-677-5687 www.arrowsmithforge.com
Locksmith
LMC Safe, Lock & Key
Luigi M. Cattzia II 914-241-1583
Painters
All Colors Painting Co.
69 Delaware Road Yonkers, New York 10710 (Johnnie & Joey) 914-964-9148
Mateus Neto Painting Co.
95 Chase Avenue Yonkers, New York 10703 914-965-9561
Pick up and take away
Robert Rabsey 914-954-4366
Technical Help
Computer, Network & Internet Services
Gerry McLoughlin 914-337-7084 www.GerryMcL.com Computer Tutor @ PCI 914-337-1700 www.computertutorpci.com
Geeks on Wheels
Dylan Hall Harrison, New York 914-562-1800 info@geekysolutions.net www.geeks-on-wheels.net
The Computer Nerds, Inc.
PO Box 31 Bronxville, New York 10708 914-779-7952 info@thecomputernerdsinc.com www.thecomputernerdsinc.com
TV & Steroes
AV Design
130 East Main Street Elmsford, New York 10523 914-345-2977
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Design
Maureen Hackett
Hackett Landscape Design Inc. 212-768-4242 and 917-494-8084
Renee Byers, Landscape Architech P.C.
10 Avon Road Bronxville, New York 10708 914-337-3103 rb@reneebyers.com www.reneebyers.com
Maintenance
Frank Bulfamonte & Sons, Inc.
914-235-1835 26 Circuit Road New Rochelle, New York 10805 914-235-1835
Land Productions Inc.
360 Adams Street Bedford Hills, New York 914-666-8214
Lieb's Nursery & Garden Center
1 Askins Place New Rochelle, New York 10801 914-632-5599
Florists
Tryforos and Pernice
73 Pondfield Road Bronxville, New York 914-337-2525
Plants & Nurseries
Lieb's Nursery & Garden Center 1 Askins Place New Rochelle, New York 10801 914-632-5599
Rosedale Nurseries
51 Saw Mill River Road, Route 9A Hawthorne, New York 10532-1598 914-769-1300 info@rosedalenurseries.com www.rosedalenurseries.com
Sprainbrook Nursery, Inc.
448 Underhill Road Scarsdale, New York 10583 914-723-2382 www.sprainbrook.com
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