New York, NY – Natalia Sishodia of Sishodia PLLC (https://sishodia.com/7-things-to-consider-when-selling-your-home/) has released “7 Things To Consider When Selling Your Home,” a practical resource designed to help homeowners prepare properties for market, understand current brokerage and disclosure rules, and navigate closing costs with clarity. The guide reflects the day-to-day issues seen across New York City transactions and underscores the value of consulting a New York City real estate attorney to coordinate legal, tax, and contractual steps from listing through closing.
The publication organizes key seller decisions into action steps, including accurate pricing supported by recent comparable sales, presenting a clean and decluttered home, commissioning professional photos and floor plans, and deploying targeted staging to highlight space and light. The guide also encourages forming a coordinated team of professionals: an attorney, real estate agent, accountant, photographer, and stager, so marketing, negotiations, and documentation move in lockstep. Throughout, the material explains where a New York City real estate attorney adds immediate value by reviewing offers, resolving title and lien items, and aligning contract timelines with building requirements.
Legal readiness is a central theme. For 1 to 4 family homes, the guide notes that, effective March 20, 2024, sellers must deliver New York State’s Property Condition Disclosure Statement, replacing the former option to give a $500 credit. Budgeting guidance outlines typical New York City seller costs that often range about 8% to 10% of the sale price, including brokerage commissions and transfer taxes that generally total about 1.4% to 2.075% combined, depending on price. Additional items may include the seller’s attorney fee, building or co-op charges, loan payoff and recording fees, any flip tax, and agreed credits for repairs. Nonresident sellers may owe New York State estimated income tax at closing (Form IT-2663 for real property or IT-2664 for co-ops), while FIRPTA withholding of 15% applies when the transferor meets the federal “foreign person” definition. Eagle 9 co-op title insurance is typically a buyer protection rather than a seller expense. A New York City real estate attorney can organize these moving parts so expectations match the closing statement.
The release also breaks down listing agreements and commission mechanics. It contrasts Exclusive Right to Sell with Exclusive Agency and urges careful review of what event earns a commission—production of a ready, willing, and able buyer, contract execution, or closing—so the contract language matches the seller’s expectations. It flags industry policy changes that affect negotiations: as of August 17, 2024, national rules prohibit offers of buyer-agent compensation on the MLS, and many markets require written buyer-broker agreements; in New York City, REBNY began requiring signed buyer agreements on January 13, 2025. The guide recommends stating clearly in the listing whether and when a buyer’s agent will be paid, and by whom, and clarifying holdover, termination rights, and responsibility for marketing costs and photography.
To help sellers avoid missteps, the guide highlights phrases that can create risk or reduce leverage, such as claiming a home is “in perfect condition,” offering absolutes about systems, or declaring a “final price.” It also addresses “as is” sales, explaining the tradeoff between speed and price, and outlines considerations for withdrawing a listing or canceling a broker agreement, with particular attention to any termination fees and, where a signed purchase contract exists, the legal consequences of backing out. The release concludes with a reminder that early legal review can surface liens, neighbor disputes, or estate issues before the crucial first two weeks of market exposure.
About Sishodia PLLC:
Sishodia PLLC is a New York City law firm led by New York City real estate attorney Natalia Sishodia. The firm represents buyers and sellers in residential and commercial transactions across the five boroughs and surrounding counties, including condominiums, cooperatives, townhouses, and mixed-use properties. Services span contract negotiation, title and due diligence, board and building requirements, and coordination of tax and financing considerations.
For consultations, contact Sishodia PLLC at (833) 616-4646 or natalia@sishodialaw.com.
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Email: natalia@sishodialaw.com
Website: https://sishodia.com/
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Company Name: Sishodia PLLC
Contact Person: Natalia A. Sishodia
Email: Send Email
Phone: (833) 616-4646
Address:600 3rd Ave 2nd floor
City: New York
State: New York 10016
Country: United States
Website: https://sishodia.com/