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...
Month: July 2021
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,...
What to do about unpermitted work
Unpermitted work or additions to a home without municipal certificates of occupancy or completion is any construction done on a home without the necessary legal permits and final municipal approvals. Sometimes former homeowners may finish the basement, add a deck, add...
Marcus, Gould & Sussman, LLP Handles Book Publisher Asset Acquisition
The firm handled the recent acquisition by Lee & Low Books of New York of the assets of El Paso, Texas-based Cinco Puntos Press, Inc. The acquisition brings together two notable independent publishers and enhances the New York-based publisher’s inventory of...
How appraisals and home inspections work when buying a home
Before you move forward with purchasing a home in New York, you may want to take certain steps to make sure it is suitable for living and has no major defects. You also need to determine the home’s true value so that you know whether you are paying a fair price....
Understanding intestate succession
As you contemplate initiating your estate planning in New York, a stark realization may hit: your decisions regarding the dispersal of your assets may upset some of your potential beneficiaries. Indeed, the last thing you want to do is cause contention amongst those...