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Real Estate

Friday, April 29, 2022

How Important Is a Home Warranty?


The purchase of a new home is exciting! It’s likely that when you purchase a home, even if it’s an older one, you’ll be offered a home warranty. Home warranties are offered as a means of protection against unexpected and expensive home repairs.

What is a home warranty?

A home warranty is like an insurance policy. It’s a contract between a home warranty company and a homeowner designed to protect against major home system and appliance breakdowns caused by regular use.

If something breaks down that is covered by the warranty, the homeowner simply calls the company, and the warranty company handles the repair.
Read more . . .


Sunday, March 6, 2022

Pandemic-inspired Wellness Design Tips for Home Sellers


Which wellness design features do today’s home buyers want?

It’s a seller’s market at the moment in New York and New Jersey. Real estate attorneys have seen clients engage in frantic bidding wars in the quest for a new home as low mortgage interest rates and low inventory of houses have driven house prices up. And while sellers may not have to woo buyers to get a fair price, adding some trendy “wellness” upgrades to the home could bring an even higher offer to purchase.
Read more . . .


Monday, January 31, 2022

Who Pays Closing Costs?


There are some big numbers flying around in real estate deals and this means potentially large financial consequences for both buyers and sellers alike. Closing costs, for instance, can get very pricey and may be more than you bargained for if you aren’t paying attention to the details, and there can be a great many details. In fact, many buyers and sellers end up being downright shocked by closing costs.


Read more . . .


Sunday, January 30, 2022

What to Expect in the 2022 Home Buying Market


As the decade-long housing shortage collided with record-low mortgage rates, changing labor demographics, and increased chances for younger homeowners to purchase their first homes, the COVID-19 pandemic sparked a home-buying frenzy in 2021.

With record-low loan rates, the fastest yearly rise in single-family home values and rents, record-low foreclosure rates, and the largest amount of home sales in 15 years, the housing market has had an amazing year.

Will the housing market continue this trend into 2022, or will we see a crash into a buyers' market? Although nobody can predict the future, it’s possible to identify and analyze trends and anticipate if they are likely to continue.

Are you considering selling or buying your home this year? Here’s what you should expect to see for the 2022 home-buying market.

End of 2021 Trends

After two quarters in a row of declines, the housing market experienced an incredible rebound in the final quarter of 2020.
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Thursday, January 27, 2022

Timeshare Trusts and Estate Planning: 5 Things to Consider


Making preparations for what you want to happen to your timeshare when you pass away can be a difficult task. Many timeshare owners wish to pass on their pleasant timeshare experiences to their friends or family.

If this sounds like something you’re considering, it’s essential to talk with prospective beneficiaries ahead of time. Because timeshares often represent real property interests, if the timeshare is not deeded while you’re alive, it must be deeded through the probate process.

Since timeshares are rarely located near the owner’s home, the probate process can become complicated very quickly.
Read more . . .


Thursday, January 27, 2022

How Does a Realtor Set Your Home’s Listing Price?


When hiring a real estate agent, you may be wondering how they'll accurately price your home for sale. It isn't magic, but there is a great deal of skill and expertise required in the process.

It's a good idea to keep in mind that there is no such thing as a single list price. Different brokers may suggest alternative values based on their expertise in the area. That’s why it's crucial to pick a real estate agent with expertise and experience in your neighborhood.


Read more . . .


Saturday, November 27, 2021

Tips for Negotiating Repairs After a Home Inspection


As a real estate buyer, you may be anxious to wrap things up and close on a property. The process can be long and arduous. Finalizing the deal is likely something you are looking forward to with great anticipation. Don’t let the rush to the finish line prevent you from taking important steps to make sure you are protecting your best interests and getting a favorable deal from the whole transaction. One important step, for instance, that you should take care to be especially mindful of, includes negotiating repairs after a home inspection.


Read more . . .


Saturday, November 27, 2021

Buying a Home? Reasons Why You Should Hire a Real Estate Attorney


Buying a home is an exciting, and often stressful, time! For many, purchasing a home may very well be the single biggest purchase they make in a lifetime. In addition to the financial investment, there is also a significant emotional investment in buying a home, a place where many hope to build memories for years to come. Because of all of the energy, emotions, and money that can go into finding and buying the right home for you and your family, it can be best that you do whatever you can to protect your interests throughout the process. A dedicated real estate attorney can prove invaluable to the home buying process for a number of reasons, which we will detail here.

Buying a Home? Reasons Why You Should Hire a Real Estate Attorney

First and foremost, it should be said that New York actually requires an attorney to execute certain parts of the home buying process.


Read more . . .


Wednesday, September 1, 2021

Common Home Buying Mistakes


Buying a home can be an exciting, albeit an overwhelming and expensive, endeavor. In fact, for many, if not most, people, buying a home will be the single largest purchase they will ever make. Because of the sizeable financial investment people make in a home, not to mention the fact that you are looking to build a life in it, it can be critical to conduct due diligence in the buying process and take care at every step.


Read more . . .


Wednesday, July 28, 2021

What Is a Binder in Real Estate?


The complexities of real estate transactions can hardly be understated. Even those who have bought or sold a home in the past may feel overwhelmed when confronted with another real estate deal. Despite the complexities, however, it can be important to understand some of the basics.


Read more . . .


Wednesday, July 14, 2021

What Do Home Inspectors Look for in New York?


Selling, and buying, a home can be an emotional rollercoaster. The highs and lows and worries can really take you for a ride. When you finally get that offer on your house, you may be excited and relieved, but then worry may start to set in.


Read more . . .


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