How a Consumer Hired a Lawyer to Draft a Novation Agreement in New York

In 2025, a personal client in New York posted a project seeking assistance in drafting a novation agreement for a property transaction. The client aimed to ensure the agreement accurately reflected the terms of the deal, as they would be funding necessary rehabilitation costs for a co-op owned by a seller who had inherited the property and completed the probate process. Important provisions included the distribution of sale proceeds, various financial responsibilities, and a preference for a flat fee proposal. As a result, the client received two proposals from licensed lawyers, with flat fee bids ranging from $750 to $1,200, all submitted to meet the requested deadline of less than a week.