The 3 Cs of Real Estate Closings: Contract, Clearance, and Closing
Guiding You Through Every Step with Confidence
Buying or selling real estate is one of the most important financial decisions many people will make. Whether you are purchasing your first home, selling an investment property, or closing on a commercial building, understanding the process is essential to protecting your investment and avoiding unnecessary delays or complications.
At Kalantarov Law, PLLC, we guide our clients through every stage of the real estate transaction. We focus on what we call the 3 Cs of a successful closing: CONTRACT, CLEARANCE, and CLOSING. These three pillars form the legal and procedural foundation of any real estate deal.
1. Contract: Establishing the Terms of the Deal
The process begins with a fully executed contract. This legal document outlines the terms agreed upon by the buyer and seller, including the purchase price, closing date, deposit amount, financing contingencies, and other key details. The contract also assigns responsibility for certain costs and obligations and lays out what happens if either party fails to perform.
Having a knowledgeable real estate attorney review or draft your contract is essential. At Kalantarov Law, we ensure that the language in your agreement is clear, fair, and fully aligned with your interests. We also help negotiate favorable terms and identify potential risks before they become legal problems.
2. Clearance: Resolving All Outstanding Issues
Once the contract is signed, the next step is legal clearance. This phase involves making sure there are no obstacles that would prevent the property from being transferred to the new owner. A thorough title search is conducted to confirm that the seller has good and marketable title to the property.
We carefully review the title report and resolve any open issues such as liens, judgments, violations, or unpaid taxes. We also ensure that the property has the required certificates of occupancy or other municipal approvals. If financing is involved, we coordinate closely with the lender to satisfy all underwriting and legal requirements. Our goal is to eliminate any uncertainty before the closing date arrives.
3. Closing: Finalizing the Transaction
The final stage is the closing, when ownership of the property officially changes hands. At the closing, the parties sign all required legal documents, funds are disbursed, and the deed is transferred to the buyer. The attorney plays a central role in reviewing all closing statements, resolving last-minute issues, and ensuring that the transaction complies with all legal and financial requirements.
We represent our clients at the closing table and stay involved until every detail is completed, including the recording of the deed and the issuance of the final title insurance policy. Our job is to make sure that nothing is overlooked and that you walk away with full legal protection and peace of mind.
Why Working with a Real Estate Attorney Matters
Many people assume that their real estate agent or lender will handle everything. In reality, these professionals play different roles. Only your attorney is focused solely on protecting your legal rights throughout the transaction.
At Kalantarov Law, PLLC, we provide comprehensive support to buyers, sellers, investors, and developers. Whether you are purchasing a home in Roslyn or closing on a commercial property elsewhere in New York, we ensure that your transaction is handled with care, precision, and efficiency.
Contact Us Today
If you are buying or selling real estate and want experienced legal guidance through the contract, clearance, and closing stages, contact Kalantarov Law, PLLC at (516) 953-9801. Our firm is here to protect your interests and help you close with confidence.