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Finding your dream home should be an exciting, liberating process, as it marks a new beginning and adventure down the road; however, between the regulations, contracts, and fees, it can also be incredibly stressful. Unexpected predicaments can pop up, especially at a closing, which can further delay the process of setting foot in your new...
Buying real estate in NYC offers several options. When it comes to apartments, purchasers will generally have the choice between purchasing a co-op or a condo. While they look similar, the structure of the transaction and ownership are very different, and depending on your needs, owning a condo can have significant advantages over owning a...
As we observe interest rates going up, there is still a chance to get a refinance or CEMA (Consolidation, Extension, and Modification Agreement) at a reasonable rate. Refinancing a mortgage can save homeowners thousands of dollars each year, especially when interest rates are low. It’s difficult to ignore the continuous onslaught of advertisements enticing homeowners...
A 1031 exchange refers to Section 1031 of the U.S. Internal Revenue Code allowing an owner of an investment property the ability to reinvest in a different property of “like-kind” without triggering capital gains until the final exchange of a piece of property is sold. This deferment can be used for multiple investment properties, one...
When buying or selling a home, it is important to make sure that every step you take will ultimately lead to you getting the best deal out of your transaction. This is where an experienced NYC real estate attorney can help. A skilled attorney may be able to help you understand the process of buying...
In the United States, if you are a domestic citizen, you will be required to pay capital gains taxes on certain items, including the sale of real estate. But a foreign individual who does not pay federal taxes in the U.S. is not taxed for these often significant capital gains on real estate sales. Consequently,...

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