Purchasing property in New York can be exciting and emotional. Knowing the steps to make the transaction as smooth as possible can be highly beneficial. Submitting your offer Starting the process correctly when you want to purchase a home or other property smoothly is...
Year: 2021
Understanding adverse possession in New York
Adverse possession is an often misunderstood way of gaining legal ownership of land in New York. Under adverse possession, people can gain title to land that previously belonged to another owner. It can apply to all different types of property in the state, from rural...
How can you negotiate your retail lease agreement?
When you are starting a New York retail store, you want to get the best deal on your lease agreement. A better lease agreement can put you in a better financial situation even if your business starts off slowly. Know your budget and necessary expenses Before you even...
What singles should include in their estate plans
Even if you are not in a relationship, it is still a good idea to create an estate plan. This can help to ensure that the right person inherits your New York home, car, or brokerage account if you pass away unexpectedly. It can also ensure that someone is available to...
A New York will, including requirements, signatures and staples
If you are a New York resident thinking about preparing your last will and testament, there are a few requirements to keep in mind. There are rules about the signature to the document and a curious but important reminder about staples. About a New York will Your will...
Why you need to revise your estate plan in New York
It’s likely that estate planning is not something you want to think about, but it’s a necessity. It doesn’t matter how old you are or what your estate looks like now – estate planning should be on your radar at all times. This article provides some key information...
Estate planning for blended families
A second marriage can offer a new chance at love for individuals who have lost a spouse due to divorce or death. If there are children involved, it is important to think about what will happen to your finances and assets when you pass away. While you can’t ensure that...
Problems with DIY estate planning
There’s an abundance of online help for all sorts of do-it-yourself projects. You can find instructions on how to build a birdbath, fix your phone or prepare a gourmet meal. All you need are a few minutes and a few dollars and your DIY project is ready to go. Not all...
When can a seller walk away?
The real estate transaction process can have bumps in the road for buyers and sellers. One possible hiccup is when the seller tries to back out of the deal. There are only limited circumstances in which they could do that without facing consequences. There are times...
What is the New York real estate transfer tax and who pays?
If you’re buying or selling property in the State of New York, you might have heard about its real estate transfer taxes. These are the taxes that the State of New York and certain cities charges for transferring the deed from one party to the next. In New York,...