Who is responsible for preparing the Contracts?
The Seller’s attorney typically prepares the Contract. If you are the Seller, there are a few items your attorney will ask you to provide in order to prepare a Contract. Those items include: a copy of your existing Deed (this gives the attorney the exact legal description of the property) and a copy of your property tax bill (this gives information needed to complete necessary real property forms to record the new deed). Also, if you provide a copy of your title policy, this can speed up the title search that will be ordered by the Purchaser. New York State law requires that a Seller either complete a Real Property Condition Disclosure form or give a Purchaser a $500 credit at closing. This form requires you to answer questions about the home. A copy of the form can be found at www.dos.state.ny.us. You can then type in “property condition disclosure” into the search box and it will bring you to the form for downloading. You should discuss with your attorney whether it is recommended th
