Property easements can complicate real estate transactions, especially for first-time buyers. Understanding common questions about easements in New York can help you make informed decisions when buying property. What is a property easement? A property easement is a...
Real Estate
When do new homeowners finally receive their keys?
Purchasing a new home is an exciting milestone, but the final steps before moving in can feel shrouded in legal complexities. Many buyers wonder when they will actually get the keys to their new properties. The answer, as with many legal matters, is that it depends....
Selling your home? You must inform buyers of these things
Selling your home is a big step to take. You may be eyeing a bigger property to accommodate a growing family, relocating for a new job or just looking for a change of scenery. An important part of the selling process is disclosure to potential buyers. Failing to do so...
Protect your investment from these common title defects
Buying a property can be a complex process. One aspect that often gets overlooked or is misunderstood is the importance of clear title ownership. Title defects can disrupt your plans and cause you many problems. It is not sufficient to simply review on-line data...
The risks of buying and selling property in New York
Real estate transactions do not always go as planned. You may find yourself in a situation where the deal falls through after months of work. As a buyer or seller, you stand to lose significant time and money if you do not have the proper legal protections in place....
What is a real estate appraisal and when is it needed?
As a business owner, there may come a time when you need to let the property go. That's when appraisals become beneficial. However, many people associate appraisals primarily with selling a property. This isn't the only time it becomes useful, though. It is also...
What to inspect when doing due diligence before buying property
Buying a property can be exciting, but this significant decision often requires thorough work and deliberation. Real estate purchases usually involve considerable money, so doing due diligence can be essential. This process is vital in detecting hidden hiccups,...
What circumstances can get in the way of a real estate deal?
Real estate transactions often follow the same process, making deals seem predictable. However, some circumstances can be too severe to ignore, leading to the deal's disruption or cancellation. Even if the sale is already at closing, the buyer can face significant...
Four common contingency clauses in transactional real estate
Buyers hold a certain power in real estate. One such power is the ability to include contingencies in a purchase contract. Understanding these contingency clauses not only provides a safety net but also increases their bargaining power in the transaction. In real...
What makes a title defective?
Purchasing property often involves subsequent procedures necessary to ensure the sale goes through without legal or financial issues. These steps can also help detect problems with the property that may not be visible immediately, such as title defects. When a title...