Real estate constantly changes in New York, and that's no different today. An Aug. 7 report discusses some of the major real-estate projects coming to the city, including major hotel developments.
Real-estate transactions are usually relatively straightforward. However, there are times when transactions don't go as planned. Whether you're a landlord, tenant, buyer or seller, having to work through a contentious transaction is the last thing you want.
Real estate transactions can become complicated and frustrating, but they don't have to be. In most cases, there is a contract that protects you and the other party in the case that one of you wants to back out or violates the contract in some way.
As someone looking to make a real-estate purchase, it's your right to work with an agent who is on your side. While many people work with realtors, another option is to work with a real estate attorney. Your attorney has ways to help protect you that will help you make good decisions about your purchases.
Rents have increased across New York City, and the reality is that Airbnb could be a cause. Airbnb allows for short-term rentals in apartments and homes across the city, but this, in turn, has led to a hike in rental prices. Why? It takes certain rental units off the market and makes it harder for long-term residents to find a place to live. This increases demand, leading to higher rental prices.
If you're interested in living in New York City, there's good news. Real estate in the city is becoming more affordable, making it easier for people to call New York City home.
If this is the first time you've looked into purchasing property, you may be interested in how to have the smoothest real estate transaction. It can be confusing to buy real estate, especially when you haven't been through the process in the past. Fortunately, it's fairly simple to understand.
In large areas of New York, you may notice that offices are being leased by the dozens. This is a result of using co-working spaces, which is when businesses lease office for satellite offices or their staff members with communal spaces.
Although a final walk-through is not a home inspection, you need to treat it as such. This is your last chance to ensure that the home you are buying is exactly what it should be, so you don't want to sell yourself short.
Buying a home can be one of the most exciting times of your life, as long as you are comfortable with the purchase you're making.