Archive for the ‘Real Estate’ Category

Buying a home in New York, or anywhere in the country for that matter, can be a daunting and difficult process, even for the most experienced home buyers. The buying and selling of property in New York is governed by a complicated set of real estate laws. As such, it is prudent to always consult with an experienced New York real estate attorney when buying a home. In any event, all homebuyers should have basic understanding regarding key parts of the home buying process

Basics of Buying a Home in New York

Seller’s Duty to Complete Disclosure Form

In the past, sellers had little obligation to disclose defects in a house to a buyer. This was known as “caveat emptor,” which means buyer beware. Fortunately for buyers today, New York has created exceptions to this rule that minimize its harmful effect on buyers. What’s more, under the Property Condition Disclosure Act, sellers must complete a standard form that requires the seller to make disclosures regarding legal, financial, and physical characteristics of the home. Sellers, however, may choose not to complete the form, but if they do so, they must pay a $500 credit to the buyers at closing. (more…)

If you are thinking about moving to New York City (NYC), you are not alone.  But affordable housing can be difficult to find.  Here is a breakdown of recent real estate trends by borough in the metropolitan area.

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Although real estate law may not be a very publicly visible form of law, it’s nonetheless indispensable to real estate transactions. And one way or another, property buyers and sellers eventually become familiar with it.

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Recently, New York City (NYC) mayoral candidates got candid in a blog published on The Real Deal.com. The mayoral hopefuls gave varying appraisals when it came to the pro-development efforts of the Bloomberg Administration. Bloomberg’s legacy will be a hard one to follow, particularly with the momentum of completed and ongoing development projects that seek to transform the city. Mayor Bloomberg’s development strategy was designed “to attract and retain businesses and stimulate job growth” in all five boroughs of NYC.  Although successful in some aspects, the mayor’s efforts are being confronted by the mayoral candidates.

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The process of searching for and buying property can be lengthy and difficult. And in NYC, buying real estate can present a particular challenge. The high prices and fierce competition for space in New York dictate that you be vigilant and well-prepared in order to secure a desirable property. Before attempting to purchase, prepare by following these steps.

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Whether you are a renter, a first time buyer or an empty nester searching for your retirement home, green real estate – an increasing trend in the real estate market – can save you money in the long run. While green real estate might cost you more upfront, you will certainly see a return on your investment with your reduced monthly bills. From community gardens to solar chimneys to geothermal heat and cooling systems, there are many ways in which your green real estate will help save the environment and your wallet.

Three Ways Green Real Estate Can Cut Down on Your Monthly Bills

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Photo By Ryan Sommas

Whether you are a renter, a first time buyer or an empty nester searching for your retirement home, green real estate – an increasing trend in the real estate market – can save you money in the long run. While green real estate might cost you more upfront, you will certainly see a return on your investment with your reduced monthly bills. From community gardens to solar chimneys to geothermal heat and cooling systems, there are many ways in which your green real estate will help save the environment and your wallet.

Three Ways Green Real Estate Can Cut Down on Your Monthly Bills

  1. Community Gardens – A community garden, a green real estate amenity, at a condo complex in New Jersey is saving its tenants some cash on their grocery bills by allowing the occupants to grow their own produce. Jennifer Finotti and her fiancé, Scott (more…)

, homebuyer tax creditsFor those who don’t know, under the Housing and Economic Recovery act signed by President Obama in 2009, many first-time borrowers were eligible for $8,000 homebuyer tax credits if they signed contracts by April 30 on a new property (the amount was $6,500 for home owners buying a new residence. ) It’s estimated that about 3 million people took advantage of the homebuyer tax credits nationwide, until  last Friday, when the program expired. So now that these credits are no longer an option, does this mean the party is over for housing market recovery?

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Every week in my real estate roundup, I’ll comment on a popular real estate article in the news. This time I am weighing in a luxury home market trend before its going, going, gone.

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Every week I’ll comment on a popular real estate article in the news. This week, I look into what the future of Big Apple real estate.

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