When selling your home, you want to ensure that the property title is clear and there are no unresolved disputes or claims. Otherwise, you might encounter issues during the sale or face difficulties transferring ownership to the buyer. A quiet title action can help in...
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Residential Real Estate
Dream home or money pit? Why skipping an inspection is a gamble
Scoring your dream home in the Bronx real estate market feels like winning the lottery. Bidding wars erupt over charming bungalows, and open houses resemble feeding frenzies. In the heat of competition, some buyers resort to waiving their home inspection – a seemingly...
Tips for selling your house after a decision to divorce
Selling a home during or after a divorce can be a complex and emotional process. It’s often one of the most significant financial decisions a divorcing couple will make, as the sale’s outcome can impact each party's financial future. As such, effective communication...
How new mandatory disclosures affect New York real estate sellers
For years, real estate sellers in New York have had the option of giving a buyer a $500 closing credit instead of filling out the state’s Property Condition Disclosure Statement, wherein they have to list everything they know that might be wrong with the property. As...
Why New York property owners can’t ignore boundary issues
New York real property owners, especially residential property owners, may not think much about the physical “ground” plot or parcel that they purchase. After all, most residential parcels are only a fraction of an acre. The focus when buying a home is often on the...
How will the NAR settlement affect home sellers and buyers?
It looks like the cost of selling (and buying) a home is going to be dropping this year, no matter where you live in the U.S. That’s thanks to the settlement reached this month by the National Association of Realtors (NAR) and home sellers participating in a class...
Key considerations when buying a multi-family dwelling
Purchasing a multi-family dwelling is a significant investment that can result in lucrative returns but can also be risky in ways that could compromise its potential to deliver on the “promise” of such returns. As such, whether you’re an experienced investor or new...
Does a death in a home need to be disclosed?
Many people would like to know if anyone passed away peacefully or violently in the house they are looking to buy. The discovery that someone did die in a house may cause a buyer to look elsewhere to avoid being associated with the death. Do sellers need to tell...
What real estate disclosures are required in New York?
In New York, real estate sales are governed by specific laws that require sellers to provide potential buyers with detailed disclosures about any particular property. These requirements are designed to ensure transparency, allowing buyers to understand a property's...
What is “functional obsolescence” in real estate?
Whether you’re in the market for residential or commercial property, you likely want to purchase one that will increase in value over the years. That’s why you’ll want to beware of any property-related concerns associated with functional obsolescence. Most people...