Real Estate

How might investors or homebuyers benefit from a cooling real estate market?

New York City’s once booming and seemingly unstoppable real estate market appears to have entered a cool down.  A report recently issued by Warburg Realty reveals that real estate prices have fallen between 10 and 20 percent since their peak in 2015.  Since the fall of 2018, sellers have been cutting prices and accepting lower offers in order to move their inventory.  Along with sagging real estate prices and higher inventories, rent prices have also decreased across the board.  Even in the in-demand neighborhood of Brooklyn, rents are down year over year.

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Staten Island real estate attorneys and locals would not likely be surprised to learn that Staten Island was included on a recent list of the 2019 hottest New York City neighborhoods.

An online real estate platform known as Localize.city put the St.

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How can buyers and sellers protect themselves when transacting through new technology?

A new blockchain-based app aims to revolutionize the ways in which buyers and sellers transact in real estate.  The New York based app is called ShelterZoom and it is set to launch in 2019. The app is intended to bring a new ease to real estate transactions, making buying or selling a home as easy as pushing a button.  Through the app, buyers and sellers, along with their real estate agents, can view offers and acceptances in real time. Vital information like home inspection documents, property titles, and the like will be visible to all parties through the blockchain ledger.
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Q: What do I need to know about buying a home?

Have you been dreaming of buying a home in Staten Island or somewhere else in or near New York City?

Well, it pays to educate yourself before embarking on your search or dropping a large down-payment by following an experienced real estate attorney’s 7-Step “Real Estate Purchase Roadmap”:

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Q: Why do many millennial homeowners regret buying their first home?

Whether it’s because many came of age during tough economic times, or because their generation is burdened with staggering student loan debt, Millennials have postponed buying a first home much longer than their parents and grandparents before them. And according to a recent survey, approximately “70% of millennial homeowners regret their purchase”.

In examining the many reasons given for their “buyer’s remorse”, several points have to do with a lack of real estate education and/or them relying on information from agents who may have been more interested in pushing the deal into contract (and earning a commission) than in whether the particular property was the right fit for the young, new buyers.

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Is it lawful to rent a space for a marijuana business?

New York may be the next state to legalize the use of recreational marijuana. Governor Cuomo issued a directive several months ago to study the potential impact of a regulated marijuana program, and just recently the New York State Department of Health Commissioner indicated that it will recommend legalizing the use of marijuana in its report to the state. Should New York authorize the use of marijuana in the state, many industries will be impacted.

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Q: Is it a good time to buy or sell real estate on Staten Island?

Buying a home on Staten Island is likely the biggest transaction most people make in their lifetime, so hiring an experienced Staten Island real estate attorney to protect you and your investment is both smart and necessary. In fact, seeking legal guidance before or during the house-hunting phase can help avoid costly mistakes or delays later on. It can also save you money by giving you information to negotiate a better sales price and terms.

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Q: Is buying a vacation home a complicated process?

Whether you are buying a home in New Jersey or need a New York real estate attorney to help you upgrade from a starter home to a larger home on Staten Island, it's hard to resist the appeal of living in or near New York City.

The St. George’s waterfront redevelopment project is transforming Staten Island and with attractions like the New York Wheel, restaurants, shopping, housing, and more, Staten Island has become a destination spot not only for tourists but for residents attracted to its unique vibe.

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Can I buy a home in bitcoin?

Bitcoin is a digital currency that has rocked the financial market. Bitcoin and other cryptocurrencies operate without the need for a central bank. Bitcoin has surged in popularity in recent years, with more companies now accepting the revolutionary currency.

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How can I negotiate a good home price in a weakening market?

Real estate sales in Manhattan have plunged in the first quarter, marking the most significant sales drop in nearly a decade. Luxury homes in the area are now thought to be selling at their lowest level in at least six years. This weakening of what was thought of as an untouchable New York City real estate market reflects consumer uncertainty over the new federal tax law and fear surrounding the swaying stock market. Our

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What is eminent domain?

The concept of eminent domain recently made the news in New Jersey. The city of Hoboken had been attempting to obtain three acres of waterfront property through eminent domain. Now, the mayor of Hoboken has announced that the city will suspend all eminent domain efforts in response to a proposal issued by the mayor, who has alternative plans for the property. This aborted eminent domain action may have some New York and New Jersey residents wondering what exactly is eminent domain and when can it be used.

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