Real estate transactions can contain a minefield of possible deal-killing obstacles. The clock starts ticking from the moment both parties sign the purchase contract, and then the complicated business of selling and buying a home in New York begins. Home inspections...
Real Estate
The pros and cons of seller financing
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...
What is joint tenancy in commercial real estate and why use it?
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...
Three essential conditions to have in your real estate contract
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...
How to obtain a favorable real estate purchase
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...
Facts about real estate agents that you should know
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...
How does a seller-financed transaction work?
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...
Important steps in the real estate closing process
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....
Considerations when selling your 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...
Real estate contracts: 6 conditions you must have
Once you find your dream home and have an agreement as to its price, there is much more to smooth out. The contract that you sign for your new home should contain a minimum of six important conditions. Because there are so many details to real estate transactions,...