Comprehensive New York City Closing Costs Guide

One of the most common questions our office gets is what are the closings costs going to be when buying a co-op or condominium in New York City. Well, unfortunately, in New York City, it is not just the real estate that is expensive. Whether you are buying a home, townhouse, condominium or cooperative, [...]

By |2018-05-17T20:11:29+00:00May 17th, 2018|Acquisitions, Financial, Real Estate|0 Comments

The Ten Crucial Steps to a Successful NYC Real Estate Closing

The steps to closing on New York city real estate can seem daunting for even the most experienced buyers. There are many important factors and parts that must be done cautiously to ensure that the transaction goes through without any delays, disagreements, or financial costs. One mistake in the process could derail the transaction [...]

By |2018-05-03T20:56:54+00:00May 2nd, 2018|Acquisitions, Real Estate, Taxes|0 Comments

New York Real Estate Contract

New York Real Estate Contracts Involve The Purchase, Sale, Or Exchange Of A Piece Of Property, And It Is A Formal Agreement Between Two Parties – The Purchaser And The Seller The parties form a legal agreement that is clearly stated in the contract, which must be in writing. As such, both parties are [...]

By |2018-04-04T20:24:43+00:00March 8th, 2018|Real Estate|0 Comments

Cryptocurrency in real estate transactions

Though still a mystery to many U.S. consumers, Bitcoin (and other forms of cryptocurrency) is used more and more in everyday transactions. Accordingly, cryptocurrency is projected to quickly become a mainstream form of payment—including in connection with real estate transactions. Bitcoin remains unregulated and unrecognized as an official U.S. currency. Nonetheless, Bitcoin is subject to taxable appreciation once converted [...]

By |2018-04-04T18:40:29+00:00January 29th, 2018|Real Estate, Taxes|0 Comments

Should You Use an LLC to Buy Your House?

5 Major Benefits of using an LLC in real estate transactions Most people purchase a home utilizing their name. Maybe you’ve heard of forming a limited liability company (“LLC”) to buy the house and were curious, should I do that? Using LLCs for real estate investments is critical and also has benefits for traditional [...]

By |2018-04-04T19:19:50+00:00December 21st, 2017|Real Estate, Taxes|0 Comments

Why retaining a competent real estate attorney is crucial during the home buying process

Home buying is a complex process and even more so when it’s your first home. Along with the excitement of buying and selling a home comes the stress of signing contracts and attending closings. Having a good real estate agent is key during this process, but so is having a good attorney. Your real estate agent [...]

By |2018-04-04T20:10:17+00:00December 7th, 2017|Real Estate|0 Comments

For a smooth and pleasant closing avoid Misunderstandings Over Fixtures and Furnishings.

Imagine the following scenario: The closing is scheduled for 11AM and the office of the bank attorney, on the way there you go for a final walk through of your dream home, and realize that when the sellers moved out, they took out all of the covers to all of the electrical outlets, light [...]

By |2018-04-04T20:34:19+00:00December 5th, 2017|Real Estate|0 Comments

Can a House be Sold without a Clear Title?

Liens, ECB’s, fines, encroachments, and encumbrances can place what is called clouds on title. All kinds of things can cloud the title to your home. Perhaps a contractor placed a lien on the house for unpaid bills, for instance. If you bought your house with your spouse and then divorced, it may be unclear [...]

By |2018-04-04T20:41:20+00:00December 3rd, 2017|Real Estate|0 Comments

5 Things To Consider Before Buying a Home

So you finally decided to purchase your first home or a new bigger and better home. There are a number of important things to consider and remember before you purchase your home. Purchasing a home is often a serious long-term commitment for many people. When making that purchase it is important to make sure [...]

By |2018-04-04T20:48:30+00:00December 1st, 2017|Real Estate|0 Comments