New York City is a booming metropolis. In a city that has everything to offer, it is easy to forget how the things going on outside the city borders can impact life within.
It doesn't matter what side of a real estate transaction you are on, you need to know how you fit in, what is expected of you, and which steps you can take to ensure that you don't get taken advantage of.
Sometimes, real estate transactions in New York can run into snags and fall apart. For sellers, this can be very detrimental, keeping a deal from going through and leaving them on the hook for more mortgage payments than they wanted to make. To see why this happens, take a look at the top three reasons that these deals fall apart.
The real estate market in and around New York City never sleeps. Day in and day out, there are companies and individuals looking to close a deal.
Residential real estate in New York can be big business. This is seen time and time again in the high prices of both residential and commercial real estate transactions.
A portion of Midtown East in Manhattan, New York has been underdeveloped for a while now. The relatively vacant area of the city will be a major target for real estate development in the coming years; and one of the first stones has been cast.
When you hear about a major real estate transaction, you probably don't put much thought into what went on behind the scenes to make the deal happen -- and that's okay, because the details of such a real estate purchase are not exactly interesting. But they are important for those looking to sell or purchase real estate, even if they lack excitement.