600 Old Country Rd., Suite 315, Garden City, NY 11530 Tel1: (516) 450-5295 Tel2: (516) 686-0000 Fax: (516) 693-9185

Home Inspection

The home inspection or “building engineers report” has become the bane of real estate transactions and is singularly the most troublesome and difficult issue (with the exception of legal issues relating to title) to overcome in order to complete a real estate buy or sale. I started practicing real estate law in 1975 and closed thousands of deals without the need for a home inspection report. Purchasers bought their new home, enjoyed their new life style and made improvements to their property. When they sold, it was always at a profit and they moved on to a bigger and better house. The purchase price they negotiated with the seller always included the concerns that would have been raised by the home inspection report and those concerns or issues were incorporated into the negotiated … More About Home Inspection

Purchaser’s Contract Reference

THE DOWN PAYMENT When you sign the purchase contract for your new home, you will be asked to deposit with the sellers attorney (to be held in his escrow account) an amount of money sufficient to show that you are a genuine purchaser and interested in completing the transaction. Generally, this amount represents ten (10%) percent of the purchase price. Recently, most attorneys for the seller have been willing to hold an amount equal to five (5%) percent of the purchase price or an alternative negotiated amount.  Your deposit assures the seller that you will proceed diligently to obtain mortgage financing (if necessary) and perform your other contractual obligations including attending the closing and completing the purchase. It is, in effect, your "risk" money with regard to the purchase. … More About Purchaser's Contract Reference

Diane W. Floral Park, NY

My husband and I used O’Shea and Associates to buy and sell a home. The entire staff was helpful and knowledgeable as we completed this complicated transaction. We were nervous and worried about making this work. Joe and Tom helped us every step of the way and made the process easy. We will refer all of our friends and family to O’Shea and Associates.

by Jen Z. Riverhead, NY

As a first time home buyer my husband and I had dreamed of owning a home, but were lost when it came to the process.  After our offer was accepted by the seller we had no idea what came next.  We met with Joseph O’Shea who took the time to explain the process and steps of signing the contract of sale, obtaining a mortgage commitment all the way through to the closing itself.  Mr. O’Shea was patient taking the time to answer our questions and hear of concerns and manage our expectations time wise.  The office touched base with us once a week to give us an update on our file and was flexible in coordinating our closing date.  We could not be happier with our experience with the firm and would recommend Joe to any first time home buyer.