Investing in a commercial property is a significant milestone. If you are already running a successful business, having your own property could eliminate rent while giving you more control over how you customize your premises at the same time. However, buying...
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Real Estate Law
Factors that can delay a real estate transaction
You’ve been searching for a new home now for several months, and you finally found something that's perfect for you. The house is an ideal size and it’s in a great location. You’re ready to move forward with the deal. Unfortunately, real estate transactions can be...
Understanding the deficiency judgment in New York
When you obtain a loan to purchase a home, the lender assumes the right to repossess the property should you fail to keep up with your mortgage payments. This process is known as foreclosure. New York is a judicial foreclosure state, meaning that the foreclosure must...
How could a quiet title action help you buy a house?
When you find a property that you like and can afford, purchasing it may still not be straightforward. Some houses have legal issues that could make going ahead a risky decision. Fortunately, there is often a simple way to resolve things. It’s called a quiet title...
Why Brooklyn remains a sellers’ market
Home prices in Brooklyn have been on the rise for the past decade, and they’re predicted to continue upward throughout 2022. Not even the economic uncertainty of the past couple of years has dampened it. It’s a sellers’ market, and many potential homebuyers have been...
What happens if a buyer wants to cancel the closing?
Trying to sell a piece of real estate is a stressful process. You need to stage your property to make it appealing to buyers and then leave your house so that strangers can go through your space. Then, you have to review their offers to figure out which one would be...
What New York home buyers need to know about jumbo mortgages
Financing a home purchase requires that you meet many different criteria. However, given how high the average property value is in New York, a mortgage is often the only way to buy a house. You may not be able to purchase the house of your dreams with a standard...
Selling your home to relatives? Read this first
The real estate market has been red-hot in a lot of areas of the country, and that’s made finding a house difficult for a lot of would-be homeowners. When you announce that you’re planning to sell your home, you may end up getting a quick offer to purchase the...
What contingencies do you need when closing on real estate?
When closing on real estate, you need to avoid trapping yourself into an agreement you struggle to get out of. To do this, you need to include the proper contingency clauses. Contingency clauses are conditions you place on the purchase. You say you will agree to buy...
Home values keep going up
If you’re thinking about selling your home -- or buying a new one -- you have probably been watching the market carefully. And, if you have, one thing is clear: Property values just keep on climbing. For instance, between March of 2020 and March of 2021, the value of...