Real Estate

On Behalf of Marcus, Gould & Sussman, LLP | Jan 17, 2025 | Real Estate | 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 legal right granted to another party to use part of your property for a defined purpose.

On Behalf of Marcus, Gould & Sussman, LLP | Dec 2, 2024 | Real Estate | 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.

On Behalf of Marcus, Gould & Sussman, LLP | Jul 31, 2024 | Real Estate | 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 could cause you problems, so it is important to be thorough. What do you have to disclose to buyers? In New York, home sellers are required by law to disclose information about their home’s condition to buyers.

On Behalf of Marcus, Gould & Sussman, LLP | Jun 21, 2024 | Real Estate | 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 bases. Fortunately, title insurance will offer protection. Before purchasing any property, you should learn how title insurance will safeguard your investment.

On Behalf of Marcus, Gould & Sussman, LLP | May 10, 2024 | Real Estate | 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. Guard your investment with a down payment As a buyer, your down payment, also called a contract deposit, is more than just a portion of the purchase price—it is your stake in the property that shows the seller you are serious.

On Behalf of Marcus, Gould & Sussman, LLP | Apr 19, 2024 | Real Estate | 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 necessary in other situations, such as contract and title disputes. Don’t skip the appraisal process in these situations When dealing with a property, particularly a commercial one, an appraisal is often necessary.

On Behalf of Marcus, Gould & Sussman, LLP | Apr 1, 2024 | Real Estate 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, defects and issues that may affect the sale.

On Behalf of Marcus, Gould & Sussman, LLP | Feb 19, 2024 | Real Estate | 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 issues concerning the property or its associated paperwork.

On Behalf of Marcus, Gould & Sussman, LLP | Jan 26, 2024 | 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.

On Behalf of Marcus, Gould & Sussman, LLP | Dec 27, 2023 | Real Estate | 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 is defective, it can cause problems when organizing paperwork or information, potentially delaying the transfer of ownership to the buyer. These defects can vary from minor issues to significant discrepancies that may require extensive work.