A mortgage is usually the largest expense in someone's personal budget. Fortunately, there are ways to keep your mortgage rate low, and locking in a good rate is one such example. It's a tough decision about when to lock in such a rate in New York. Fortunately, some...
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New York Law Blog
Tips for a quicker home sale
If you are selling your house, you probably want the whole process to be over with sooner rather than later. There are steps you can take that may make your New York home more attractive to buyers. Prepare for success First, you should set yourself up for success....
Earnest money and buying a home
Buying a home is a goal for many residents in New York. The process of completing the purchase can be tricky, though. Residential real estate is so expensive and takes so long to close that a large deposit is involved in the process. Understanding how an earnest money...
Four common contract contingencies that protect home buyers
Buying a home in New York is an important decision. With that in mind, it's a good idea for any home buyer to know about the property they're purchasing. If you've signed a contract on a home you no longer want, it's wise to learn about contract contingencies. Contact...
What home inspection reports can do for you
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,...
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...
