Category Archives: Real Estate
Condos Vs. Co-Ops As A New York Real Estate Investment Strategy
Most people are familiar with condominiums (or “condos”) as a real estate option. With a condo, purchasers buy a unit within a larger dwelling, and they own the space within their unit and an interest in the common areas. Another option, relatively unique to New York, is a housing co-operative (or “co-op”). In New… Read More »
5 Reasons To Form An LLC For Your Rental Property
If you own rental property or are thinking about buying rental property, you may wonder whether it is best to keep the property in your own name or contain it within an LLC. For several reasons, it could benefit you in the long run to create an LLC for your property. An LLC (Limited… Read More »
Closing On Real Estate In New York: What To Expect From Start To Finish
Whether you are a buyer or a seller, closing a real estate sale can be an exciting – and anxious – time for all involved. A real estate closing is a seemingly simple mechanism that allows the property to transfer from one owner to the next, but is preceded by weeks of preparation and… Read More »
5 Reasons A New York Landlord Might Need An Attorney
Unless you own a large real estate portfolio with millions in rental income generated each year, it is not likely you have an attorney on retainer to handle problematic issues that can arise for landlords in New York. Like running any business operation, you hope to earn revenue while minimizing unexpected costs and liabilities… Read More »
Transferring Real Estate To Heirs Through A Life Estate Deed In New York
A common real estate conundrum involves how to maintain real estate during your lifetime while effectively passing it to your heirs after you pass on. Typically, this is done through a will that devises your home to an heir or set of beneficiaries. However, this necessarily involves the probate process and can delay the… Read More »
Buying A Home As An Unmarried Couple
Buying a home continues to be a worthwhile investment. It offers a sense of security in having a place to actually call your own while building equity, rather than simply paying rent. However, for an unmarried couple, there are legal issues you need to be aware of. Questions To Ask Yourself If You Are… Read More »
Thinking Of Buying A Home In 2022? Some Important Factors To Consider
A new year often prompts the urge to make new resolutions, including some positive changes you may have previously put off. Particularly in light of the COVID-19, 2021 had most of us focused on returning to ‘normal’ and readjusting from all that happened during the pandemic. While the virus is still a concern for… Read More »
Five Signs That It Is Time To Downsize Your Home
Having a large home is a common goal for many people. It helps in accommodating the needs of a growing family, allows for the convenience of a dedicated home office, and makes it easier to host large gatherings of family and friends. However, this all comes at a cost. As you get older, you… Read More »
As The Seller’s Market Dwindles Down, Is Now The Time To Sell Your Home?
After stalling for much of the pandemic, the real estate market rebounded quickly once COVID-19 shut down orders were lifted. More than a year later, an unprecedented surge in activity appears to be dwindling down. With it goes the major increases in prices and multiple offers, which caused many who were not otherwise thinking… Read More »
Real Estate Trends Make It A Good Time To Buy A Starter Home In New York
Paying rent is expensive and provides little in return for the money spent. Buying a home is a smart investment and can help to increase your financial security and overall net worth over the years. Our Bronx & Westchester real estate attorneys explain how recent circumstances have combined to make it a good time… Read More »