Real Estate Transactions

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...

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...

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...

A short sale of your home may be an alternative to consider if you face foreclosure in New York City.  This type of real estate transaction involves selling your property to try and rid yourself of the lien for unpaid mortgage debts.  How does a short sale work? When...

As a first-time homebuyer, purchasing your first house is likely the biggest, most expensive and most stressful purchase you have considered making to date. In such a tumultuous situation full of new experiences and stress factors, it is easy to make mistakes. But...

The New York City zoning laws control density in part by defining the protocols and processes for development on any given property, including the air over the property. The NYC Department of City Planning explains that property owners can calculate these air rights,...

Buying your first home is a surely nerve-wracking experience. You have a lot of things to keep in mind. You are also likely getting a lot of advice from many different sources. How do you decide what to do and how to act? The first thing you can do is determine what...

As you look for investment options in New York to grow your personal wealth, real estate often jumps out as an attractive option. Flipping or leasing a property can generate both significant short- and long-term financial gains. Yet as you know from any previous real...

Perhaps you are in the process of purchasing a home. Whether you are a first-time buyer or not, if you are not careful, you could end up missing signs that a property you are interested in may not be as good of an investment as you think. Before you let the excitement...

You look forward to buying a new home in New York, but you do not want to become the victim of a scam or involve yourself in an avoidable dispute. How can you protect yourself? Forbes offers tips to help you become a happy homeowner. Safeguard the hard work you put...