Inside NYC Real Estate Law with Michael Romer from Co-ops to Condos and The Importance of Due Diligence

Step inside New York City real estate law with attorney Michael Romer, co-founder and managing partner of Romer Debbas LLP, the city’s largest residential real estate law practice.   Host Debbi DiMaggio digs into how NYC deals really get done—from co-ops vs. condos and board approvals to due diligence, timelines, legal fees, and the surprising challenges of “friends & family” transactions.   We also cover Hamptons nuances (COs, zoning, flood/waterfront issues), rent stabilization/affordability, and Michael’s career and mindset advice.   Listen for: actionable guidance buyers, sellers, agents, and investors can use today—plus how to avoid costly surprises before you sign.   👉 If you found this helpful, please like, subscribe, and share with a fellow agent or buyer.   Guest: Michael Romer — Romer Debbas LLP   Site: romerdebbas.com Email: [e-mail] Host Debbi DiMaggio — The DiMaggio Betta Group | Corcoran Icon www.DebbiDiMaggio.com   Key Takeaways   NYC diligence first, then contract.   Buyer’s counsel reviews financials, minutes, offering plans, bylaws, COs—before signing. Co-ops ≠ condos.   Co-ops favor primary residence/strong finances; condos are more flexible for investors and resales.   Board approval can decide the deal.   Expect document-heavy packages and possible interviews (mostly co-ops).   Watch carrying costs and assessments.   Ask about capital projects, litigation, reserves, and per-unit exposure. Timelines vary. Cash often closes ~45–60 days; financing ~60–90, plus board approval.   Hamptons ≠ Manhattan. Local CO/zoning, waterfront/flood, and survey/easement nuances matter.   Pay for expertise. Seasoned counsel may cost more up front but can save multiples by avoiding surprises.   What part of the NYC process surprised you most—board approvals, assessments, or the diligence before contract?   Drop your questions below and I’ll add them to a future episode.   💬👇 Debbi DiMaggio — Mastering the Art of Success Instagram @debbidimaggio dimaggiobettagroup.co   🎙️ Subscribe on Podbean, Spotify, Apple Podcasts, or wherever you get your shows. New episodes drop weekly—filled with insight, inspiration, and practical tools for mastering your own art of success.   -Pre Order My New Book: MindsetInMotionBook.com -Subscribe To My Newsletter: DebbiNewsletter.com -Don't Miss An Episode: DebbiPodcast.com -Request Downloadable: https://debbidimaggio.com/contact -The Mindset in Motion Method + Foundation 4 Success and the 5 C’s of Real WORKBOOK​   #NYCRealEstate #RealEstateLaw #CoopVsCondo #Hamptons #HomeBuying #RealEstatePodcast #DebbiDiMaggio #MasteringTheArtOfSuccess #LuxuryRealEstate #HousingAffordability