One of the steps that people purchasing a home in New York will need to take is having a home inspection. If you have never bought a home before, it can be difficult to know what to expect from this and what to look for in a report. What a home inspector does First,...
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New York Law Blog
Can a home seller back out of the sale?
Under New York law, you can back out of a house sale even if you have an interested buyer. However, you'll have to back out at a certain time to avoid legal action. Otherwise, the buyer might sue you for a breach of contract. How do you back out of a sale? During real...
What exactly is a mechanic’s lien?
While home renovations can be a great market for any contractor, they do come with a risk. A homeowner may not pay you for the job that you performed. Fortunately, New York contractors and building material suppliers are granted the legal ability to file for a...
Mandatory disclosures in New York real estate law
If you are contemplating selling your home in New York, you need to familiarize yourself with mandatory disclosures you will be required to make to a prospective buyer. Pursuant to the law that is applicable to residential property sellers, you need to make certain...
What to expect when closing on a home
Closing on a home is likely a dream come true for you or your family. You've probably spent time budgeting, saving money and doing all the necessary research to ensure you're purchasing the house that's right for you. There are several factors to consider before...
What are potential issues with cash offer buyers?
When you're selling a property in New York, you may receive an offer from a cash buyer. Although this is an ideal option for many sellers, it can come with potential issues. Cash offer buyers can make you susceptible to scams. Use caution if the buyer lives in another...
Are your advertisements violating the Fair Housing Act?
New York is governed by the federal law known as the Fair Housing Act. This act forbids any discrimination concerning the selling or renting of real estate based on personal attributes like a person's race, sex, national origin or religion. As more and more businesses...
The different types of deeds
In New York residential real estate, property owners obtain a deed. This deed is a formal document that shows their ownership of the property in question. There are actually three different types of residential deeds that one may have. These include a general warranty...
7 Key Aspects of Commercial Real Estate Investing
The commercial side of real estate in New York has notable advantages over residential investing. It’s an advanced form of investing with the potential to generate consistently high returns, passive income and growth through a greater client pool. However, inherent...
What are the components of a purchase agreement?
Purchase agreements are a legally binding contract between the seller of a property and the buyer who wants to make it their own. While many people involved in New York real estate transactions think that purchase agreements simply include an offered price for a...
