Real Estate

Are you about to buy or sell a home or other property? If so, you may want to start looking for a real estate attorney to assist you with the transaction. This, however, can feel like an overwhelming task in and of itself when you already have a lot to think about in regards to the real estate transaction alone. Here, we have some tips for you to assist you in the process of finding and selecting a real estate attorney near you.

Buying a house is a big undertaking. Not only is it a substantial financial investment, but it is hopefully the place you will make a home for years to come. Because of this, you will likely want to do what you can to help ensure your best interests are protected throughout the process. This is one reason why it can be a good idea to have a

Q: What are the benefits of hiring a real estate agent or broker?

If you’re considering buying or selling a home in New York or New Jersey, one of the first decisions you will likely make is whether or not to use the services of a real estate agent or broker. State laws and customs differ on the role of a real estate broker in a real estate transaction.

We’ve all heard of sellers going the “for sale by owner “route, which would bypass the broker. Some prospective home buyers also seek available homes to purchase on their own. In both situations, sellers and buyers likely feel they can save some money by cutting out the real estate broker’s commission, which is generally a small percentage of the purchase price.

Are you jealous and frustrated every time someone mentions a home that sold in a week, knowing the paint on your FOR SALE sign is beginning to flake? Take heart -- the solution to your problem may be simpler than you think. Even when the housing market in your area is problematic, and yes, even during a pandemic that is affecting your area adversely, homes are no doubt being sold. What you have to discover is why yours isn’t one of them.

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Q: Is now the time to move out to the country?

If you’ve always wanted a second home, New York real estate attorneys are seeing more clients taking the plunge now, no doubt in response to the coronavirus pandemic radically changing people’s work and personal goals.

Living in the former epicenter of the COVID-19 pandemic in the USA, many New York City residents dealt with the stresses of being locked down for most of 2020--often in very tight quarters—and of knowing people who came down with or succumbed to the virus. If ever there was reason—and the time—to re-evaluate one’s life plan, the quarantine months were it.

Q: How has COVID-19 affected rentals in the New York City area?

New York and New Jersey real estate attorneys expected the coronavirus quarantines to impact the New York City rental market. Now, several months after the lockdowns began, reports are indicating just how significant the impact has been so far.

If you’re considering

It is no secret that the COVID-19 pandemic has sent the U.S. economy through a major loop. With businesses closed and restricted and the major uncertainty of the moment, the economy has not fared well. In the midst of the economic downturn, mortgages interest rates have dropped to historic lows.

Q: How has COVID-19 affected rentals in the New York City area?

New York and New Jersey real estate attorneys expected the coronavirus quarantines to impact the New York City rental market. Now, several months after the lockdowns began, reports are indicating just how significant the impact has been so far.

If you’re considering

If you have never bought a house or other real property in the state of New York, you might not realize that it is illegal for your real estate agent or broker to prepare the sales contract or provide any legal advice about the agreement. While it is standard practice for the agent or broker to draft the sales contract in some other states, New York law requires the buyer or seller (or their attorney) to write the agreement.

A New York real estate attorney can help you if you are wondering whether you really need an attorney to buy a house.

Lending money to a family member could be a beneficial thing, or it could harm your relationship with that person for many years. The odds are that the relationship will get damaged permanently. Some financial experts advise that you should only lend money to a relative if you are willing to sue that person. While that guidance might sound harsh, you should protect yourself from adverse tax consequences and losing the money forever.

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Q: Can tenants in New York City defer rent payments due to coronavirus layoffs?

The global pandemic surrounding the coronavirus (or COVID-19) is expected to deal a large blow to the economy as staggering numbers of Americans are losing their jobs and countless businesses are threatened by losses caused by the prolonged government lockdowns. Heavily-populated New York City -- as the epicenter of America’s COVID-19 cases--may be particularly hard-hit.

New York and New Jersey real estate attorneys who work with landlords and tenants are bracing for an anticipated uptick in litigation--especially over tenants falling behind in their rent-- if unemployment rates and the general economy don’t turn around quickly.
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