Real Estate

On Behalf of Marcus, Gould & Sussman, LLP | Aug 15, 2022 | Real Estate | 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 still preferable in New York. They could assist you in finding good deals and filling out the paperwork quickly. They might work for both sides Transactional real estate agents focus on making transactions happen.

On Behalf of Marcus, Gould & Sussman, LLP | Aug 13, 2022 | Real Estate | 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 you to ensure that the buyer you finance for is reliable and able to follow through. The seller needs to be free to finance Transactional real estate deals can take many forms.

On Behalf of Marcus, Gould & Sussman, LLP | Aug 11, 2022 | Real Estate | 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. With that in mind, here are the main steps in the house closing process. Getting a clean title One of the most important steps in the real estate closing process involves a property’s title.

On Behalf of Marcus, Gould & Sussman, LLP | Aug 9, 2022 | Real Estate | 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 certain things before putting your home on the market. Figure out the real value of your home You can do this by talking to a real estate agent, getting a professional appraisal, or looking up recent sales of similar homes in your area.

On Behalf of Marcus, Gould & Sussman, LLP | Aug 9, 2022 | Real Estate | 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, it’s crucial that you be sure that these are included. The contracts are generally drafted by the seller’s attorney and usually use a common form and a “rider” drafted by the seller’s attorney.

On Behalf of Marcus, Gould & Sussman, LLP | Jun 29, 2022 | Real Estate | Real estate in New York can be an extremely lucrative investment. It also comes with its share of potential risks. If you choose to invest in this area, you will need to know the rules that apply. You will also need to be clear on what your goals are. You can choose cash flow or appreciation People who invest in real estate can choose between two main avenues of realizing a profit. These are cash flow and appreciation.

On Behalf of Marcus, Gould & Sussman, LLP | Jun 27, 2022 | Real Estate | When buying or selling a property in New York, the final step in a real estate purchase is the closing. This process includes going through all the paperwork regarding financing and ownership.

On Behalf of Marcus, Gould & Sussman, LLP | Mar 27, 2022 | Real Estate | Sometimes, your plans don’t always pan out as you’d hoped. This may hold true for selling real estate in New York. Fortunately, it’s possible to exit a transaction without facing penalties. Sudden, unexpected issues Unforeseen situations can arise that may prevent you from completing a real estate transaction. You could back out of it and not face penalties if you suddenly lose your job or fall ill.

On Behalf of Marcus, Gould & Sussman, LLP | Mar 15, 2022 | Real Estate | Lease agreements with your tenants are subject to many rules and regulations. Tenants have rights under NY law, and you must ensure your rental contracts and practices meet current legal criteria. Drafting rental agreements Create a written contract that you and your tenant sign to avoid future legal disputes regarding rent. Once signed, you cannot change the lease unless you do so in writing with new signatures. Use everyday language so the details are clear to your tenants.

On Behalf of Marcus, Gould & Sussman, LLP | Oct 29, 2021 | Real Estate | Purchasing property in New York can be exciting and emotional. Knowing the steps to make the transaction as smooth as possible can be highly beneficial. Submitting your offer Starting the process correctly when you want to purchase a home or other property smoothly is essential. Having a firm grasp of all the factors involved in the process should make it go as planned.