Air Rights in NYC: The Authoritative Guide
Air rights in NYC refer to the empty space above a building which may be used for development. If a building is 50 feet tall but it could potentially be as high as 75 feet, the unused 25 feet are …
3D Virtual Tours for Real Estate: FAQ and Examples
Real estate 3D Virtual Tours are an essential part of a successful marketing strategy for sellers and listing agents in the post-pandemic and increasingly digital era. While the Pandemic was the main catalyst for the widespread deployment of Virtual Tours, …
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Can Agents Show Homes in New York During Coronavirus?
No. Per additional guidance from the Real Estate Board of New York's legal counsel, in-person showings by agents are absolutely not permitted while "Governor Cuomo’s Stay at Home Executive Order is still in place. Real estate licensees are expected to …
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What Are Qualified Opportunity Zones?
Qualified opportunity zones are census tracts in all 50 states, all U.S. territories and Washington D.C. that have been designated by their respective governors as low income or economically distressed areas, and thus eligible for tax deferred investment through qualified …
Living Trust vs. Will in New York: Which Is Better?
Estate planning is an important yet overlooked topic for many existing homeowners and first time home buyers in New York, particularly in NYC. While the use of a will is the most commonly used way to plan for the distribution …
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Should Home Buyers Search on Broker Websites?
No. Home buyers needn't bother searching on brokers' websites because they will either have incomplete data, listings and/or be onerous to access (i.e. registration required). Furthermore, even the most expensive, custom built agent website will be hard pressed to compete …
Is Asking a Realtor to Reduce Commission a Good Idea?
It asking a Realtor to reduce commission a good idea? What if it's a friend? Well, the answer depends on whether you wish to potentially insult your agent friend and mix business with personal matters. We'll discuss how commissions work …
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Divorce and Real Estate in NYC
Dividing real estate in a divorce can be easy or messy, depending on how amicable the divorcing couple is towards each other. Often times, the parties will have a general agreement about who keeps the house or how it's to …
COVID-19 Real Estate Disclosure Form for Buyers and Sellers
The residential real estate industry was heavily impacted by the outbreak of COVID-19. While the industry was deemed ‘essential’ during the crisis and permitted to continue in-person operations in many jurisdictions, the disease itself has ushered in a new wave …
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What Is a Proprietary Lease for a Coop Apartment?
A proprietary lease is a binding lease agreement between a shareholder and a cooperative corporation governing the relationship between the parties and the terms of the shareholder's residency in the building, and more specifically their apartment within the building. Table …
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