You’ve looked over the options and have made your choice: You’re ready to purchase that cozy condo or that attractive New York brownstone. Whenever you buy residential New York real estate, you aren’t merely paying the asking price. Rather, there are many other fees associated with it including a host of various closing costs. As […]
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Top 3 Concerns for First Time New York Home Buyers
You’re excited because you’re about to become a homeowner for the very first time. This can also come with a lot of stress, in addition to excitement and anticipation since you’re new to the home buying process. However, don’t let your enthusiasm make you overlook key issues. Here are top concerns to watch out for […]
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Top 3 Disputes that Occur When Buying or Selling a Home
Whenever you form a business connection with someone, you want the relationship to be as harmonious as possible. This is especially true in the buyer/seller relationship that accompanies the purchase of a home. Whether you’re the buyer or the seller, the relationship requires a certain degree of trust, communication, and honesty. Even with the best […]
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Common Breaches in Real Estate Contracts
Real Estate Contracts: The Basics Being a party in a New York real estate contract can be a frustrating place to be because of all the complexities of the law that is involved. It can be even more frustrating if the other party doesn’t perform their contractual duties. Typically, when the buyer signs a residential […]
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How to Execute a Tax-Free New York Real Estate Exchange
Generally, if you plan to make a real estate sale, you must deal with paying taxes. When the transaction involves investment property, you can be taxed on any profits (capital gains) that you’ve made on the sale. However, if you reinvest the money in a similar property within a certain time period, you can delay […]
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How Do Landlords Properly Notify Tenants They Are Being Evicted in New York City?
Everyone knows New York City is a town predominantly filled with residents who rent or lease the place they live. However, not everyone knows what happens when a landlord decides they’re ready to be rid of a problematic tenant. Recent high-profile cases of refusal to pay rent in the city put a spotlight on the […]
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What Rights Do Buyers Have Against Builders for New Home Construction Defects in New York?
Buyers often assume newly build homes, condos, and apartments should be perfect, but even new builds can have defects – design, materials, carpentry, appliance installation and even construction itself can be faulty. If this happens after you move in, buyers often wonder what rights they have in New York to have the problems fixed and […]
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What Are Common Questions When Buying a New York City Co-Op?
In New York City, nearly every apartment is a co-op which are subject to many more rules than traditional apartment buildings. Due to these additional rules, it’s no wonder buyers in the market for a co-op have more questions than the average purchaser. Though everyone is different, some questions consistently arise when purchasing a co-op […]
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What if Someone Is Encroaching on My Property in New York?
New York City is a metropolis constantly under construction. New buildings are erected, and structures are renovated and remodeled every day. The flurry of activity means the city is also hotbed of disputes between landowners. A common source of disputes between real estate owners comes up when a new structure encroaches onto adjoining property owned […]
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What Disclosures Must the Seller of Property in New York Make?
Selling property in New York is a complex, multi-step process between buyer and seller. Real estate laws have given both parties legal responsibilities during the transaction and failure to comply with mandatory procedures and disclosures can result in costly legal penalties. One major responsibility of the seller is complying with mandatory disclosures New York sellers […]
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