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Posts tagged "Real Estate Transactions"

Rent or rent-to-own: What's the difference?

As a renter, you've always wished that you could own your own home -- but scraping together the money for a down payment is unrealistic. Maybe your credit score has suffered along with the ups and downs of the economy, as well, making it uncertain whether you can even get a conventional mortgage.

What to do when it's a seller's market in real estate

The historically low interest rates right now have would-be homeowners out in droves. Coupled with the fact that many established homeowners aren't selling, the situation is making the median price of a home in New York City soar.

Do you qualify for a loan modification on your home?

Sometimes life deals you some unexpected blows. You may have lost your job or gotten divorced or experienced a health problem. You may find yourself unable to meet your monthly obligations and are contemplating filing for bankruptcy. If you're worried about what will happen with your New York home, then you might find it refreshing to learn that seeking out a loan modification might be an ideal option for you to consider.

Here's why home buyers need a real estate attorney

Buying your first home is a thrilling (and stressful) experience. Just the same, you don't want to let the excitement and anxiety you're feeling make you forget one of the most important steps you should take now: Hiring an attorney.

Should you buy a New York City apartment from a divorcing couple?

With all the complexities involved with buying an apartment here in New York City, if you learn that the sellers are divorcing, should you give the property a hard pass? Not necessarily, as they may be doubly motivated to unload the property.

Should you finance your home's buyer?

Should you offer to front the money a buyer needs to purchase your home? It may sound a little crazy, but seller-assisted financing is a viable option for a lot of owners who need to unload their property and can't find a buyer quickly on the regular market.

Should you consider buying a short-sale home?

A short sale means that the lender is not going to get all of their money back. The homeowner still owes more than the value of the house. If you buy the house for the fair market value, the lender accepts that payment even though it does not entirely pay off the outstanding balance on the previous loan.

What to expect in 2020 for New York City real estate

The real estate market in 2019 in New York City had (more than) its fair share of ups and downs. Some of the more tumultuous events included deals with a tech industry giant that exploded with fanfare and then quickly died, changes to the way that rents are controlled that have landlords crying foul and sliding investment sales.

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