Financial challenges affect many Americans, whether from a sudden change in circumstances or a gradual descent into debt. In fact, they are so common that, according to Forbes, one in four people in the U.S. deal with symptoms resembling PTSD as a result. If you are...
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Other costs associated with buying a house
Buying a home is one of the single-most effective methods of building wealth over time, but it does not always come cheap. The price you ultimately pay for your home often far exceeds the asking price, and while some reasons why are obvious - such as the fact that you...
Some things to keep in mind when buying a home
Purchasing a home is a huge step in anyone's life, and while it is extremely exciting, it can also be very stressful due to the various legal implications associated with owning property. There are several things one must keep in mind during the process of looking for...
Some things to keep in mind when buying a home
Purchasing a home is a huge step in anyone's life, and while it is extremely exciting, it can also be very stressful due to the various legal implications associated with owning property. There are several things one must keep in mind during the process of looking for...
6 tips for purchasing your first property
Leaving behind the rental market in favor of home ownership is a major decision, especially in New York City. When competition is high, buying a house or condo can not only be expensive, but it can also take time.If you have never purchased property before, entering...
NYS STAR Tax Credit
After you close on your new home you should apply for the NYS STAR tax credit with the New York State Tax Department. To be eligible to receive this Basic STAR credit, the home must be your primary residence and the total annual income of you and your spouse combined...
Three types of New York flip taxes and how they impact buyers
Finding that right apartment, condominium or co-op unit in New York can be akin to searching for the Holy Grail. Once you find the property that meets your requirements for location, layout and price you may need a moment of silence to celebrate.Once your celebration...
Avoiding Litigation with Neighbors
While the vast majority of my Real Estate Litigation practice involves actual lawsuits, I pride myself in attempting to stave off litigation between neighbors when possible. In this regard, bringing neighbors together to inspect the premises and trying to understand...
Information on 1031 tax deferred exchanges
Internal Revenue Code Section 1031 allows owners of real estate investment property to sell their property and purchase new property with the proceeds of the sale while deferring the taxes which would ordinarily be due as a result of the capital gain realized on the...
Electronic Access Coming for New York Offering Plans
The digital revolution keeps unfolding - bringing with it remarkably easy access to information that once required time-consuming trips to libraries or courthouses.For anyone interested in the purchase or sale of New York real estate, the latest electronic tool is the...
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