Nadel & Ciarlo, P.C.

New York City Real Estate Law Blog

There are many types of real estate issues to contend with

When buying or selling real estate in New York City, it goes without saying that you will have quite a few questions on your mind.

Unfortunately, there are times when your questions are accompanied by some type of issue. If this happens, you need to know exactly what is going on, as well as the steps you can take to make things right in the near future.

Landlords need to understand their nonpayment and eviction rights

As a landlord, you have a variety of legal rights. For example, you are able to collect past due rent and take back possession of a property in the event of nonpayment.

Unfortunately, many landlords don't understand this. Instead, they assume that their "hands are tied" in the event of nonpayment.

There are many things that can complicate a real estate transacti

It doesn't matter if you are buying or selling a piece of real estate, it's important to realize that everything doesn't always go as planned.

With this in mind, it's your job to keep a close watch on the process as it unfolds. There is no guarantee that you will avoid trouble, but you may be able to remedy a potential issue before it grows into something bigger.

A complex real estate transaction needs great care

Let's face it: Any real estate transaction can take a turn for the worse. With this in mind, you must make sure you're on the right track from start to finish.

In the event of a complex real estate transaction, there is a greater likelihood of something going wrong. This is not guaranteed to happen, but you definitely need to keep an eye on what's happening around you and the steps you can take to avoid trouble.

What type of real estate disputes are most common?

When buying or selling real estate, you hope that you never run into a serious dispute. The same holds true if you're in the position of a landlord or tenant.

Unfortunately, especially in and around cities like New York City, this is not always the case. Instead, real estate transactions go bad from time to time. If this happens, you need to better understand your situation and the steps you can take to find a resolution.

How can you prevent property boundary disputes?

Usually, neighbors get along. Boundaries are set up to make that happen. You stay in your home and yard and your neighbor does the same. What happens when a boundary is in dispute, though? That's when things get contentious.

Some neighbors are peaceful and happy to work with each other to resolve the situation. Some require mediation or arbitration to discuss the issues. Others require a full-blown court case. Of course, disputes can't be prevented entirely, but there are a few things you can do to prevent them in most cases.

Buying a new build: Get the home you want

Buying a new home is an exciting time in anyone's life, but only if the real estate transaction goes well. There are many legal issues that could come up and hurt the transaction. There are also things you might want to change about a home that could impact the sale.

For example, if you love the house you're going to purchase but want to have hardwood floors instead of carpeting, you might have to ask the seller to change that before the sale. If he or she says no, then you'll have to decide if you want to do it or buy a different property. Comparatively, if you're buying a new build or development property, the construction team might happily make those changes for you.

Tenants and landlords: Negotiating rent

Rental properties are there to help a landlord make money, and in turn, provide tenants a place to live without requiring them to buy. When the real estate market gets tighter in the local economy, one thing you may be able to do is to negotiate the price of an apartment or rental building. As a tenant, you can politely bring up the cost of the home and negotiate, and as a landlord, you have the right to price the home at any price you believe is fair in the current market.

How can a tenant reduce the cost of a rental property?

Changes to credit may help you finance a real-estate purchase

If you are looking into making a real estate purchase, there is some good news on the horizon. Starting in July 2017, the three largest credit-reporting agencies will be excluding tax liens and civil debts from their reports, helping your credit score improve. In turn, this means you may be able to obtain a better interest rate, mortgage and make a better real estate purchase.

Equifax, Experian and TransUnion are setting this new plan into motion as of July 1, which gives the companies time to correct consumer data on the reports. The revisions are likely to improve consumer scores. In order to have a lien or civil debt removed, you only need to show that your Social Security number, birthday, name or address is not on the judgment. In most cases, at least one of those items is missing.

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