Individuals who want to sell a residential property in New York must ensure that they understand their responsibilities. For example, they must disclose specific information before a sale is completed. This enables a buyer to understand the actual condition of a...
Real Estate
What real estate disclosures are required in New York?
When selling residential real estate in New York State, sellers must comply with specific disclosure obligations to ensure transparency and fairness in a transaction. These disclosures protect buyers by providing them with crucial information about a property's...
Why conduct a title search as a buyer?
You’ve been looking for a new home for some time now and something has finally caught your eye. After several viewings, you are now contemplating making an offer. It’s easy to get carried away when looking for a new home, but it’s important to carry out due diligence...
Are home prices dropping?
Over the last few years, home prices have seen an incredible surge. Values skyrocketed. Many people found that their homes were worth two or three times what they had paid for them. And, despite these high prices, the market seemed to move quickly, and there were a...
What is a partition action?
Sometimes partition actions are necessary when parties jointly own real estate. Partition actions are disputes between co-owners of properties who cannot decide on the course of action for the land. The situation might arise from the inherited property, business...
Is your property at risk of adverse possession claims?
Most people acquire property through a straightforward purchase or an inheritance. However, some real estate owners have more complex backstories. In a tiny percentage of cases, they assumed adverse possession over the property. Some people refer to adverse possession...
Do you need to change the way you hold title to your house?
When you first bought your house, you were likely so excited that you could hardly wait to get through your closing and take possession of the property. There are certain important matters that often seem insignificant in the early days of homeownership. Eventually,...
Will student loan debt impact your ability to buy a home?
When buying a home, your mortgage lender will go over your finances carefully. Every financial decision you make is under scrutiny. This includes those in the past that still impact your credit today, such as student loans. Most people will have student loan debt, and...
Can you inherit a rent-stabilized apartment
Rent-stabilized apartments are a precious commodity especially in current times as rent prices continue to soar. If you have an older relative with one of these apartments who wish for you to take over when they move out or die, then you might want to jump on the...
How do you know you are ready to buy a home?
You aspire to own your first home in New York, but doubt holds you back. Are you as ready to buy as you think? To help, see what indications Money offers that you should proceed with buying a home. Invest in a residential property with confidence rather than...