Real Estate

On Behalf of Marcus, Gould & Sussman, LLP | Feb 6, 2021 | Real Estate | There are many reasons why people downsize from a family home to a condominium. Sometimes the house is too big after the children have moved out. Maybe the owners can no longer afford the home. Upkeep and maintenance can become an unmanageable chore, especially if the owners are older or develop physical problems. Whatever the reasons for downsizing, it can be a challenge to sell the family home quickly.

On Behalf of Marcus, Gould & Sussman, LLP | Feb 6, 2021 | Real Estate | View ordinances exist so that tenants cannot obstruct their neighbor’s view with trees or additional buildings. Protecting the view of the property also protects the value of the condos. If you are part of a Homeowner’s Association Board, you may have run into an instance where a tenant does not respond to warnings regarding view ordinances. After multiple warnings and no improvement of the situation, you may wonder if you can sue the tenant and require them to maintain their trees.

On Behalf of Marcus, Gould & Sussman, LLP | Feb 2, 2021 | Real Estate | When you buy a unit in a housing cooperative, you purchase stock in a corporation that owns the building. You must have approval from the board of directors to do so. While you get a mortgage to buy the unit, you also pay a fee for building upkeep and other associated costs. Purchasing a co-op unit in New York has unique benefits and drawbacks. Review the common considerations to keep in mind when shopping for this type of home.

On Behalf of Marcus, Gould & Sussman, LLP | Feb 2, 2021 | Real Estate | Buying a home in New York requires a significant investment. So, you want to make sure you are doing your due diligence and getting all the necessary information before making things official. Complications often arise throughout the home-buying process, and you may need to take steps to protect yourself, your finances and your interests along the way. According to NerdWallet, you may hear the terms “contingencies” and “disclosures” throughout the home-buying process.

On Behalf of Marcus, Gould & Sussman, LLP | Sep 14, 2020 | Real Estate | You hoped for favorable outcomes when you became a landlord in New York, but a recent issue forced you to question your decision. You have a tenant going through a rough financial patch, leaving the person unable to pay rent. What should you do? Learn how to navigate occupants who cannot cover their financial obligations. There are solutions that benefit you and your tenant to protect your investment and the resident’s home.