Buying a home is the biggest financial transaction most people will make in their lives. This is especially true in New York, where residential property values are among the highest in the country. Whether the home in question is an apartment, a condo or a suburban house, there are some questions every potential buyer should ask. There are questions to ask at every stage of the process, through the day the deal is finalized at a real estate closing.
In a city like New York that is so rife with people who are renting a place to live, it is unavoidable that there will be disagreements between landlords and tenants. In some instances, they have to do with non-payment rent proceedings or nuisance and lease violation cases. There could be numerous reasons why there are lease disputes. Each side, the tenants and the owners, must have a full understanding of their rights under the law and legal assistance to come to a satisfactory resolution.
Real estate litigation in New York is in a class by itself. The high value of property in the city means that millions -- or even billions -- of dollars are often at stake when a dispute arises among developers, purchasers, sellers and other players. Fortunately, in New York there is a court that is uniquely equipped to handle these high stakes cases.
Anyone who has ventured into New York's residential property market recently knows that apartment and condo prices in the city are at an all-time high. People who are in the market for a new home may wonder whether they can get a good deal on a short sale. They may be able to in some cases, but a buyer should be prepared for some delays and uncertainty.