Real Estate

Q: What Is the Most Common Regret of a First-Time Homebuyer?

Buying a home in New York City or New Jersey is a dream for many Americans. When compared to the rest of the nation, the value of real estate in these highly-desirable areas can set couples and individuals back a pretty penny. Because the prices for even a modest starter home can be steep, newbie buyers may overextend themselves just to get into something decent.
Read more . . .

Q: Is Co-Living the future of housing in New York City?

If you’ve ever dreamt of buying a home in New York City, you’re in good company. Unfortunately, trying to own a piece of real estate in one of the most desirable locations in the country can be an expensive proposition-- especially for the under 30 crowd. 

In general, what young millennials may be lacking in funds, they make up for in trailblazing.
Read more . . .

“I’ll make him an offer he can’t refuse”. Sometimes, all it takes is one line and people can guess what movie it came from. This easily recognizable quote is from the iconic movie “The Godfather”. It’s part of a conversation between actors Marlon Brando, as Vito Corleone, and Al Pacino as his son, Michael Corleone. 

But do you know how this movie—and this line—is connected to Read more . . .

When people think of buying or selling real estate in New York City, they may think of existing houses, co-ops and condos in Staten Island and the other boroughs. 

In a New York or New Jersey residential real estate transaction, the property owner is selling the property to a buyer who has likely fallen in love with the place. It could be the price, neighborhood, location, or any combination of factors that drew the buyer to offer to buy the premises.

Read more . . .

New York and New Jersey real estate attorneys know that buying a home is one of the biggest purchases in your life. As such, the process can be understandably overwhelming. 

If you’re buying home on Staten Island, or in the New York City or New Jersey area, you need an attorney that simplifies and streamlines the process as much as possible.

Read more . . .

If you’re considering buying a home in New York City, you’re probably excited and might even be a little bit nervous about the whole process, especially if you’re a first-time buyer.

With some exceptions, real estate transactions proceed on a predictable course. In fact, it’s predictable enough that
Read more . . .

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.

Read more . . .

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.

Read more . . .

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.
Read more . . .

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”:

Read more . . .

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.

Read more . . .