Buying in NYC

New Fair Housing Regulations in New York went into effect on June 20th, 2020. The new regulations require agents to present the NYS Fair Housing and Anti-Discrimination Disclosure Form to all prospective purchasers, tenants, sellers or landlords upon first substantive …

What Is the NYS Fair Housing and Anti-Discrimination Disclosure Form? Read More »

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 …

What Are Qualified Opportunity Zones? Read More »

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 …

Living Trust vs. Will in New York: Which Is Better? Read More »

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 …

Should Home Buyers Search on Broker Websites? Read More »

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 …

COVID-19 Real Estate Disclosure Form for Buyers and Sellers Read More »

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 …

What Is a Proprietary Lease for a Coop Apartment? Read More »

The residential real estate industry nationwide is experiencing considerable amounts of disruption and uncertainty stemming from the COVID-19 pandemic. While the real estate market is still open and both new and existing deals are moving forward, buyers and sellers face …

Should You Add a COVID-19 Clause to a Real Estate Contract? Read More »

New York co-op apartment buyers typically do not pay for co-op title insurance, primarily because it's not a required closing cost and also because a co-op lien search already affords them $50,000 in coverage against any missed liens. However, buyers' …

Do Buyers Need Co-op Title Insurance in NYC? Read More »