Seller financing occurs in a real estate transaction when the property owner functions as a mortgage lender. Continue reading to learn about the benefits and drawbacks to the seller and buyer participating in this type of financial arrangement in New York. Pros Seller...
Naming beneficiaries is an integral part of creating your estate plan in New York. Determining who will receive your assets after your passing will give you peace of mind. Choosing your beneficiaries takes considerable thought. Here are factors you should way when...
Owning real estate in New York can be rewarding. Many people own commercial real estate with another person. This is known as joint tenancy. What is joint tenancy and why might it be used for commercial property ownership? Joint tenancy means that more than one person...
New York has many amazing homes for sale. However, in most cases, you'll need to sign a real estate contract before a new home is yours. Before you sign this important document, it's good to know about a real estate contract's conditions and to thoroughly understand...
Buying a commercial property in New York may be an ideal way to increase your net worth while also diversifying your investment portfolio. In some cases, it may be possible to rent to both commercial and residential tenants at the same time. Of course, it will be...
Collectibles could slow down probate in New York, especially if some of them don't have a fair market value available. IRS collects taxes on the sale of collectibles, including when a beneficiary sells what they inherited. Testators will want to consider the potential...
Some people hire real estate agents with the wrong impression, which could result in an unsatisfying experience. You should know what their role actually is and how they can and can’t serve you before hiring them. With that said, working with a real estate agent is...
There are many ways to speed up the sale of a home in New York. One of the means you can adopt is to take it upon yourself to finance the purchase of your home by a new buyer. This is a transaction that will naturally carry a certain amount of risk. It will be up to...
Buying a new home in New York is an exciting time in your life. But before you move into your new place, you must complete the closing process. Whether you’re a new buyer or are reentering the housing market, it’s good to know the ins and outs of closing on a home....
Are you thinking of selling your home in New York? If so, there are a few things you’ll want to keep in mind. The real estate market in New York is competitive, and if you want to get the best price for your home, you’ll need to put in some effort and consider doing...
