At the Law Office of Michael L. Billera and Associates our attorneys will work closely with you through your entire case. Our hard-working attorneys dedicated to ensuring you are legally protected no matter who you are or where you come from.
This lawyer is licensed to practice in New York and has no record of discipline from the New York bar association. *
At the Law Office of Michael L. Billera and Associates our attorneys will work closely with you through your entire case. Our hard-working attorneys dedicated to ensuring you are legally protected no matter who you are or where you come from.
This lawyer is licensed to practice in New York and has no record of discipline from the New York bar association. *
The Law Office Michael L. Billera and Associates, PLLC is a law practice serving clients in New York and New Jersey. We emphasize building strong relationships with an unconditional commitment to serving our clients. Our mission is to provide professional and creative solutions for our clients as we zealously represent them to achieve the best results. Our team of attorneys diligently serve our clients best interestâÂÂno matter who they are, no matter where they come from. We strive to provide each and every client with timely attention by carefully explaining, advising, and counseling them on complex legal issues. By doing this, we are certain we will exceed our clientâÂÂs expectation, not only for case results, but by serving as lawyers in a challenging profession.
Our attorneys specialize in real estate transactions--both residential and commercial--lease agreements, divorce and family matters, commercial credit litigation, and business formation.
Main Office
236 Main Street
Staten Island, NY 10307
(917) 576-1317
60 minutes
8 am to 8pm
Yes
At the Law Office of Michael L. Billera and Associates our attorneys will work closely with you through your entire case. Our hard-working attorneys dedicated to ensuring you are legally protected no matter who you are or where you come from.
urchasing propertyâwhether for your permanent residence or for commercial and business reasonsâcan be overwhelming. For those unfamiliar with the process, there are many legal issues that may arise during a real estate transaction in New York and New Jersey. It is imperative for any potential purchasers, sellers, or investors of real estate to consult an experienced attorney from the Law Office of Michael L. Billera and Associates, PLLC to guide them through the process.
Understanding Real Estate Transactions
In New York, the sellerâs attorney tends to prepare the first draft of the Contract of Sale. The sellerâs attorney will present the draft to the purchaserâs attorney for review and comments. The purchaser will generally include a rider agreementâan addendum to the Contract of Saleâfor the sellerâs review as well. A contract is required in all agreements to purchase real estate. These contracts are binding instruments that should include the terms of the transaction and condition of the premises.
When the attorneys have agreed to terms, the purchasers will execute the contract and send to the sellerâs attorney. The purchasers will generally include the contract deposit or down payment. This tends to be approximately 10 percent of the purchase priceâbut this is negotiable. Generally, Sellerâs attorney will cash the contract deposit or down payment and it will remain in the attorneyâs escrow account until the day of closing.
Once the contract is signed by all parties, the purchaserâs attorney will order a title search with a duly licensed New York State title company. By using all available information on the property, the search will determine if there any easements, encumbrances, liens, or restrictions that could affect the purchaserâs use of the property. In short, a title company will ensure that the sellers can actually sell the property to the purchaser. Lenders tend to require purchasers to conduct a thorough title search and purchase a title insurance policy when securing a mortgage. As the seller and purchaser ensure that title is cleared, it is the purchaserâs role to secure a mortgage commitment from a lender.
Commercial real estate purchasers must ensure the property is properly zoned for the type of business that the purchaser wants to conduct. Zoning regulations are complex and failing to abide by regulations can result in penalties for the purchaser. It is is very important for a purchaser to discuss their goals with an experienced attorney from the Law Office of Michael L. Billera and Associates, PLLC.
In New Jersey, the real estate agents tend to prepare a standardized contract of sale. During this process, the purchaser and seller will sign this agreement prior to its presentation to the attorneys. Once the New Jersey contract is signed, the sellerâs attorney and purchaserâs attorney will begin the Attorney Review period. The lawyers may draft disapproval letters regarding the original contract. It is in these attorney review letters that the amendments to the contract of sale are formed. These attorney review letters will become legally binding once expressly agreed by all parties. The purchaser will then conduct an inspection of the premises to and renegotiateâin good faithâfurther terms to ensure repairs or concession to the property. As this occursâlike in New Yorkâthe attorneys will ensure title is clear.
The experienced attorneys from the Law Office of Michael L. Billera and Associates, PLLC can guide both purchasers and sellers through this complex process. Please do not hesitate to call or email if you have any questions.
The Law Office Michael L. Billera and Associates, PLLC is a law practice serving clients in New York and New Jersey. We emphasize building strong relationships with an unconditional commitment to serving our clients. Our mission is to provide professional and creative solutions for our clients as we zealously represent them to achieve the best results. Our team of attorneys diligently serve our clients best interestâno matter who they are, no matter where they come from. We strive to provide each and every client with timely attention by carefully explaining, advising, and counseling them on complex legal issues. By doing this, we are certain we will exceed our clientâs expectation, not only for case results, but by serving as lawyers in a challenging profession.
Michael's Story
Michael L. Billera has been practicing law since 2017. He is the lead attorney, and founder of the Law Office of Michael L. Billera and Associates, PLLC. He specializes in in real estate transactions—both commercial and residential—estate planning, business development and formation, contract formation, and lease agreements.
Before becoming a lawyer, Michael earned a master’s in journalism from Quinnipiac University, Michael was a New York City crime reporter. Therefore, has a particular passion for advising on First Amendment rights—particularly for members of the media.
Currently, Michael is also a Sergeant with the New York City Police Department. He has worked for the NYPD since 2012 in a variety of roles. He has a particular insight in advising civil servants on any issues they may come across.
While working in the NYPD, he returned to school to earn his law degree from New York Law School.
Michael is also an active member of the New York City Bar Association. He was a committee member of the Criminal Law Committee and the Legal History Committee.
Michael is licensed to practice law in New York and New Jersey.
Michael's Story
Michael L. Billera has been practicing law since 2017. He is the lead attorney, and founder of the Law Office of Michael L. Billera and Associates, PLLC. He specializes in in real estate transactions—both commercial and residential—estate planning, business development and formation, contract formation, and lease agreements.
Before becoming a lawyer, Michael earned a master’s in journalism from Quinnipiac University, Michael was a New York City crime reporter. Therefore, has a particular passion for advising on First Amendment rights—particularly for members of the media.
Currently, Michael is also a Sergeant with the New York City Police Department. He has worked for the NYPD since 2012 in a variety of roles. He has a particular insight in advising civil servants on any issues they may come across.
While working in the NYPD, he returned to school to earn his law degree from New York Law School.
Michael is also an active member of the New York City Bar Association. He was a committee member of the Criminal Law Committee and the Legal History Committee.
Michael is licensed to practice law in New York and New Jersey.
The Law Office Michael L. Billera and Associates, PLLC is a law practice serving clients in New York and New Jersey. We emphasize building strong relationships with an unconditional commitment to serving our clients. Our mission is to provide professional and creative solutions for our clients as we zealously represent them to achieve the best results. Our team of attorneys diligently serve our clients best interestâÂÂno matter who they are, no matter where they come from. We strive to provide each and every client with timely attention by carefully explaining, advising, and counseling them on complex legal issues. By doing this, we are certain we will exceed our clientâÂÂs expectation, not only for case results, but by serving as lawyers in a challenging profession.
Our attorneys specialize in real estate transactions--both residential and commercial--lease agreements, divorce and family matters, commercial credit litigation, and business formation.
Main Office
236 Main Street
Staten Island, NY 10307
(917) 576-1317
60 minutes
8 am to 8pm
Yes
At the Law Office of Michael L. Billera and Associates our attorneys will work closely with you through your entire case. Our hard-working attorneys dedicated to ensuring you are legally protected no matter who you are or where you come from.
urchasing propertyâwhether for your permanent residence or for commercial and business reasonsâcan be overwhelming. For those unfamiliar with the process, there are many legal issues that may arise during a real estate transaction in New York and New Jersey. It is imperative for any potential purchasers, sellers, or investors of real estate to consult an experienced attorney from the Law Office of Michael L. Billera and Associates, PLLC to guide them through the process.
Understanding Real Estate Transactions
In New York, the sellerâs attorney tends to prepare the first draft of the Contract of Sale. The sellerâs attorney will present the draft to the purchaserâs attorney for review and comments. The purchaser will generally include a rider agreementâan addendum to the Contract of Saleâfor the sellerâs review as well. A contract is required in all agreements to purchase real estate. These contracts are binding instruments that should include the terms of the transaction and condition of the premises.
When the attorneys have agreed to terms, the purchasers will execute the contract and send to the sellerâs attorney. The purchasers will generally include the contract deposit or down payment. This tends to be approximately 10 percent of the purchase priceâbut this is negotiable. Generally, Sellerâs attorney will cash the contract deposit or down payment and it will remain in the attorneyâs escrow account until the day of closing.
Once the contract is signed by all parties, the purchaserâs attorney will order a title search with a duly licensed New York State title company. By using all available information on the property, the search will determine if there any easements, encumbrances, liens, or restrictions that could affect the purchaserâs use of the property. In short, a title company will ensure that the sellers can actually sell the property to the purchaser. Lenders tend to require purchasers to conduct a thorough title search and purchase a title insurance policy when securing a mortgage. As the seller and purchaser ensure that title is cleared, it is the purchaserâs role to secure a mortgage commitment from a lender.
Commercial real estate purchasers must ensure the property is properly zoned for the type of business that the purchaser wants to conduct. Zoning regulations are complex and failing to abide by regulations can result in penalties for the purchaser. It is is very important for a purchaser to discuss their goals with an experienced attorney from the Law Office of Michael L. Billera and Associates, PLLC.
In New Jersey, the real estate agents tend to prepare a standardized contract of sale. During this process, the purchaser and seller will sign this agreement prior to its presentation to the attorneys. Once the New Jersey contract is signed, the sellerâs attorney and purchaserâs attorney will begin the Attorney Review period. The lawyers may draft disapproval letters regarding the original contract. It is in these attorney review letters that the amendments to the contract of sale are formed. These attorney review letters will become legally binding once expressly agreed by all parties. The purchaser will then conduct an inspection of the premises to and renegotiateâin good faithâfurther terms to ensure repairs or concession to the property. As this occursâlike in New Yorkâthe attorneys will ensure title is clear.
The experienced attorneys from the Law Office of Michael L. Billera and Associates, PLLC can guide both purchasers and sellers through this complex process. Please do not hesitate to call or email if you have any questions.
The Law Office Michael L. Billera and Associates, PLLC is a law practice serving clients in New York and New Jersey. We emphasize building strong relationships with an unconditional commitment to serving our clients. Our mission is to provide professional and creative solutions for our clients as we zealously represent them to achieve the best results. Our team of attorneys diligently serve our clients best interestâno matter who they are, no matter where they come from. We strive to provide each and every client with timely attention by carefully explaining, advising, and counseling them on complex legal issues. By doing this, we are certain we will exceed our clientâs expectation, not only for case results, but by serving as lawyers in a challenging profession.
Michael's Story
Michael L. Billera has been practicing law since 2017. He is the lead attorney, and founder of the Law Office of Michael L. Billera and Associates, PLLC. He specializes in in real estate transactions—both commercial and residential—estate planning, business development and formation, contract formation, and lease agreements.
Before becoming a lawyer, Michael earned a master’s in journalism from Quinnipiac University, Michael was a New York City crime reporter. Therefore, has a particular passion for advising on First Amendment rights—particularly for members of the media.
Currently, Michael is also a Sergeant with the New York City Police Department. He has worked for the NYPD since 2012 in a variety of roles. He has a particular insight in advising civil servants on any issues they may come across.
While working in the NYPD, he returned to school to earn his law degree from New York Law School.
Michael is also an active member of the New York City Bar Association. He was a committee member of the Criminal Law Committee and the Legal History Committee.
Michael is licensed to practice law in New York and New Jersey.
Michael's Story
Michael L. Billera has been practicing law since 2017. He is the lead attorney, and founder of the Law Office of Michael L. Billera and Associates, PLLC. He specializes in in real estate transactions—both commercial and residential—estate planning, business development and formation, contract formation, and lease agreements.
Before becoming a lawyer, Michael earned a master’s in journalism from Quinnipiac University, Michael was a New York City crime reporter. Therefore, has a particular passion for advising on First Amendment rights—particularly for members of the media.
Currently, Michael is also a Sergeant with the New York City Police Department. He has worked for the NYPD since 2012 in a variety of roles. He has a particular insight in advising civil servants on any issues they may come across.
While working in the NYPD, he returned to school to earn his law degree from New York Law School.
Michael is also an active member of the New York City Bar Association. He was a committee member of the Criminal Law Committee and the Legal History Committee.
Michael is licensed to practice law in New York and New Jersey.
This lawyer is licensed to practice in New York and has no record of discipline from the New York bar association. *
* Nolo has confirmed that every member attorney has a valid license and is in good standing with the state agency that licenses lawyers. Any past disbarments and suspensions (with possible exceptions for minor violations or nonpayment of dues, in our discretion) will be indicated accordingly in the badge. Member attorneys are required to notify Nolo immediately if they become the subject of any disciplinary action by any state licensing agency.
This lawyer is licensed to practice in New York and has no record of discipline from the New York bar association. *
* Nolo has confirmed that every member attorney has a valid license and is in good standing with the state agency that licenses lawyers. Any past disbarments and suspensions (with possible exceptions for minor violations or nonpayment of dues, in our discretion) will be indicated accordingly in the badge. Member attorneys are required to notify Nolo immediately if they become the subject of any disciplinary action by any state licensing agency.