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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...
Collectibles could slow down probate in New York, especially if some of them don't have a fair market value available. IRS collects taxes on the sale of collectibles, including when a beneficiary sells what they inherited. Testators will want to consider the potential...
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...
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...
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....
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...
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,...
If you have created a high net-worth estate you should consider the tax implications of how you divide your estate. New York also has certain laws to follow that determine if your will is valid. New York law Laws change over time, so you should be sure that all...
When you're enjoying your life in New York, you may not be thinking about the future and how your assets will be divided after you pass away. Unfortunately, this mindset can lead to family quarrels if it isn't addressed. Creating an estate plan solves this problem by...
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...
