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A short sale is a purchase that occurs when a homeowner sells a home that they owe more than what the home will sell for. When you’re purchasing a short sale, you’ll have to wait on the approval of the lender who holds the homeowner’s mortgage. This could mean that...
Many people looking to purchase a home in New York City opt for a condo instead of a single-family residence. The reasons for this preference are many. For example, most New Yorkers are social and prefer to live somewhere close to others. Condos are also popular...
Zoning disputes are common. Often, there is a fundamental misunderstanding that triggers a zoning conflict. When friction arises, it is unpleasant for all parties. Resolving such clashes with speed is in the best interest of everyone. Having an awareness of this real...
You just moved into the home of your dreams. Then you learn when talking with one of your new neighbors that there’s a registered sex offender living down the block – or maybe in your building. You’d never thought to ask about something like that. Shouldn’t the...
Rent can be one of the biggest expenses for your business. However, many business owners sign a lease without reviewing it, unaware that leases are generally open to negotiation. Others operate without a lease altogether, exposing themselves to the risk of eviction...
Closing is the official process of signing the documents to buy a new home. You do initially make an offer to the seller, who can accept it, but then you have to get the loan finalized, have inspections carried out and do much more to make sure the deal will go...
It isn’t unusual for several people to own a property together -- and it also isn’t unusual for people to have disagreements. That kind of situation often ends up with one person who wants to sell their jointly owned property and one who doesn’t. When two or more...
If you are planning to sell your New York home, it is crucial that you understand the state’s evolving laws on disclosure statements. Disclosure statements are meant to protect buyers from unknowingly investing in homes that have defects. They can also save sellers...
If you are a property owner in New York, you may experience multiple challenges, including property disputes. Property disputes can be complex, and complications in the legal process may result in significant financial consequences. A dispute with neighbors may...
When buying and selling real estate, one of the key steps that must be taken is simply getting an appraisal of the property in question. This is intended to determine the exact value of the property. It may differ dramatically, for instance, from estimates you’ll find...