Real Estate

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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Q: Can I still sell my house during the coronavirus pandemic?

If you are considering selling your home in New York or New Jersey, you might wonder what the coronavirus, or COVID-19, pandemic might do to those plans.

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Q: Do all home upgrades increase its market value?

If you are considering selling a home in Staten Island or New Jersey, you may be wondering what needs to be addressed in order to maximize your selling price. In general, fresh paint and new flooring goes a long way in sprucing up the interior, as clean landscaping and plantings enhance curb appeal. But not every dollar spent on home improvement projects will generate a worthwhile return on the investment.
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Before accepting a deed to real estate in New York, it is best to consult a New York real estate attorney. For many people, real estate is the most valuable asset they own. Before investing in real estate, it is wise to ensure that you are receiving good and marketable title.
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Q: Is it a good time to rent retail store space in New York City?

New York and New Jersey real estate attorneys have noticed a recent boom in the opening of new brick and mortar stores throughout New York City.

What is driving the increase of new stores opening throughout New York City?

Lower rents for one thing. Multiple Read more . . .

Q: What should I know before buying a home?

New York and New Jersey real estate attorneys help clients purchase their first home, upgrade to a larger home, and downsize to something smaller. Often, their first contact with a prospective homebuyer happens after they have already found what they think is the home of their dreams and are ready to go into contract.

Sometimes,

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Q: Is it safe to buy a home on the flood-prone coasts of the New York City area?

When most people think of buying real estate in New York City, they may think of the “concrete jungle” setting of Manhattan—high up in skyscrapers where it’s dry and the idea of your home being flooded in a hurricane doesn’t even cross one’s mind.

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Q: Where can I find an affordable house or apartment in New Jersey, but close to Manhattan?

Whether you work in New York City or would just love to live nearby so you can easily visit more often, buying a home in the city can be challenging. For that reason, New York real estate attorneys often help clients, who can’t afford to purchase a home in Manhattan, with leases for apartments in and around the Big Apple.

New York and New Jersey real estate attorneys have found that in recent years clients have looked for homes in Staten Island and other boroughs--as well as New Jersey neighborhoods near Manhattan.
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Q: Is it advisable to buy a vacation home while still on vacation?

If you’re fortunate enough to be able to afford buying a home in New York City or New Jersey, chances are you might have the funds needed to take a nice vacation once in a while. It’s probably not a stretch to say that while you’re away having the time of your life, you might discuss buying a vacation home in that idyllic location. On impulse, you might even see a real estate broker before you return home.

New York and New Jersey real estate attorneys often hear from clients who just enjoyed a wonderful vacation and –  high off the amazing experience – impulsively want to buy a second home at the vacation destination. 

Making a major real estate decision when you’re on vacation is a bad idea.

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Q: Why aren’t millennials buying homes?

While New York and New Jersey real estate attorneys enjoy helping clients-- especially first-time homebuyers—to buy a home, there is a noticeable decrease in the number of young faces coming through the door.

The percentage of so-called millennials – – people between roughly the ages of 22 and 37 – – who are buying homes has hit its lowest rate compared to the generations that came before them. In fact, as of the end of 2018, it was estimated that only 1 out of 3 millennials under the age of 35 were homeowners.

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