Real Estate

When it comes to investing in real estate, protecting your assets is the name of the game. As such, each property will present its own set of challenges and require different protection strategies.

If you are looking for ways to protect your real estate investments, you’ve come to the right place.
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Most homeowners in New York are required to purchase homeowners insurance as part of their mortgage agreement. Homeowners insurance policies usually cover significant damages to a home, personal liability in the event of an injury, or losses from theft.

Homeowners insurance differs from a home warranty because the latter is considered supplementary protection. More specifically, home warranty policies are optional measures that can cover the cost of replacing or repairing home systems and appliances when they break down.

Purchasing a home warranty can be a frustrating experience for many homeowners, but knowing what to look for can help you make the right decision.
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Purchasing or selling property is often one of the most exciting times in a person’s life. However, when issues with the property title arise, it could put a damper on the entire experience. Fortunately, a skilled lawyer can help.

If title disputes come up at any point during a purchase or sale of a property, a qualified real estate attorney can help.

What is a title dispute?

When you sell a home, you’re transferring title to the buyer.
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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.
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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.
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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.

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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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.
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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.

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.

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.