Real Estate Transactions

You need to check for several title issues before purchasing real estate. One of those is easements. An easement is a legal tool that gives one person the right to travel over another person’s property for access. People often put these agreements in place informally,...

Real estate transactions are very complex. They involve complicated financial instruments and two or more people with differing priorities. All sorts of issues can arise that derail the transaction even after the seller accepts an offer from a potential buyer. If you...

You’re planning a move to an area of New York, but you’re not quite familiar with the location. You’ve spotted a house and it seems right for you and your family. It’s sizable, modern and clean. It’s all very well having a nice house, but you really need to make sure...

Whether you recently listed your home for sale or have made bids on properties in the hope of buying a new house, having an accepted offer often means that the process is nearly complete. Unfortunately, sometimes things come up between when the seller accepts an offer...

Buying a home can be an exciting prospect. However, it can also come with plenty of stress, too. This can be particularly true in competitive markets. The good news is, though, that by knowing what red flags to look out for, you can help prevent yourself from running...

When someone is buying a piece of real estate, whether it is a commercial property or residential property, they will usually make an offer that has some contingencies. These contingencies mean that they have to be met or the buyer is allowed to withdraw their offer...

Selling real estate can be a complex and stressful process. Sellers need to make repairs, prepare to stage their home to make it look inviting and create a list of defects so that they can disclose everything to the buyers. If you fail to tell the truth, you could...

If you have an investment in real property that you want to sell, you may want to consider a like-kind exchange. The IRS authorizes like-kind exchanges under Section 1031 of the Internal Revenue Code. A 1031 property exchange allows you to defer gain from the sale of...

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...