Residential Real Estate

As a new renter or buyer in New York City, knowing the laws and regulations surrounding gas piping inspections is essential. Failure to comply with them can result in steep fines and penalties, which can be a significant burden for new property owners. That is why it is crucial to understand the requirements and guidelines ...

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 property and its history. Nowadays, in New York, seller are required to complete the ...

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 condition and history before they commit to a purchase. At the heart of these requirements is the Property ...

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 before committing to a purchase. Part of ...

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 lot of buyers. Unfortunately, this also meant that ...

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 regardless of whether you have a payment plan or you ...

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 opportunity right away. But inheriting a rent-stabilized ...

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 hesitation. Long-term resident Do you see yourself ...

  On behalf of Al Polizzotto When the owner of a duplex, triplex or fourplex lives in one of the units and rents the others, careful tax planning may make a future sale attractive. Individuals and married couples may want to consider whether investment in a smaller rental property in which they would reside in ...

How do leases account for emergency situations? New York landlords and tenants must arm themselves with knowledge of natural disaster provisions. Current events have forced tenants and landlords into complicated situations regarding meeting their obligations. Specifically, lease provisions dealing with disasters and acts of God/force majeure. Force majeure clauses excuse a party’s nonperformance under a ...