As a property owner who is trying to sell, you probably already know that there are certain mandatory disclosures you need to make to potential buyers – like whether there’s any lead paint or old fire damage to the property. But what about if someone died on the...
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What is an easement?
There are a lot of factors to consider when you’re purchasing a home. For example, when completing a title search, you might unearth information that you didn’t expect. You may learn that the property you’re interested in purchasing is subject to an easement. An...
What should you know before buying a condo?
Condominiums are one of the common options people explore when looking for a place to purchase in the New York City area. Many people don’t realize that some considerations for condos aren’t present for other types of real estate. One of the primary concerns for most...
Should you use a home inspection contingency?
If you’re looking to buy your first home, you need to make an offer on the house that you eventually select. This offer is more complex than simply indicating to the seller how much you would pay them for their house. It’s a legally binding document that is going to...
Are the closing charges for two title policies a mistake?
It is common for people buying real estate to have a little sticker shock when they first see their settlement statement. They offered hundreds of thousands of dollars as a purchase price for the property in question, and now they suddenly have to pay thousands of...
Protecting yourself with a post-closing possession agreement
The real estate market in New York can be unpredictable, so it can be a bit of a gamble to list a property for sale. The person selling their home never knows how long it may take them to find a new place to live afterward. Otherwise, they may know that they have a...