In an ideal situation, you will have a great relationship with the person that you are buying your home from or selling your home to. It is a relationship that requires honesty, transparency and good communication.
If you are currently involved in a real estate transaction, you will want to do whatever you can to prevent disputes from taking place. Disputes are never ideal for any party, because they waste time, can be costly, and are stressful.
Zoning restrictions can lead to complicated real estate transactions and even disputes when the restrictions are not clear or are misrepresented in some fashion. The reason that these situations are so tricky is that the restrictions from the city can have a massive impact on both the way that you can use the land and the value of that land.
For all the bad press New York City landlords sometimes unfairly get, there are far more diligent and responsible landlords who make timely repairs to make sure their tenants live in a safe environment.
If you have purchased real estate that is controlled by a homeowners association, it means that you are automatically part of the association after the purchase. This usually means that you have to pay a certain amount of money to contribute to the running of the homeowners association and to maintain the upkeep of shared facilities.
If you are in the process of buying a home in the state of New York, you will want to make the best possible choice with respect to recruiting a real estate agent. Many buyers falsely assume that only the seller of the home needs to pay commission. It is important that you are not naive regarding this issue, since it is becoming increasingly common for home buyers to commit to paying a share of the commission.
If you are considering buying a property in New York, there will be a great deal of research that you need to conduct on the property. A very common issue is the instance in which a buyer discovers that the home has an improvement made to it without the proper permit in place. This can be very problematic for a potential buyer.
When you purchase a property in the state of New York, there will be clear boundary lines between your property and your neighbor's property. Even the smallest impediment on these lines can put your property is at a disadvantage.
One of the most important insurance policies you can buy as a homeowner is title insurance. This insurance will protect you if issues arise involving the title to your home. Let's discuss some common title issues that might affect your legal right to a property.
New York City is a big place where residents often find themselves living nose-to-nose with their neighbors. As such, it's possible to enter into disputes quite easily. One of the major problems is with fencing and property lines.