Advice for Negotiating Off Market deal in New York

[Patrick Shep]

BP Fam!

I'm looking for some advice. I've found an off market deal direct from the owner in New York that I will be doing a walk through on soon. It's not advertised anywhere and I found it by doing some networking online, the owner. Agreeing on the price will be the easy part as I know his asking price.

1- Is there anything specific that we need to negotiate on who pays for what for closing? What can I negotiate for closing costs? I've done an off market deal with a wholesaler before in Michigan where I paid for all closing costs. I certainly don't want that in this scenario.

2-  Do we document this in a a purchase agreement drawn up by an attorney? If so, would I need an attorney to do so or would the seller do that? I'll need an attorney anyway since NY is an attorney state. NY always confuses me with it being an attorney state.

Thanks!