Category Archives: Real Estate

Discussion concerning matters related to buying, selling, mortgaging real estate.

How do I add someone to the deed of my New York home?

There are many reasons you may want to add someone to the title of your home.  You may have just gotten married or re-married and now wish to add your new spouse as a joint owner.  Or you may want … Continue reading

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Can I apply for a larger mortgage than in my contract to buy my NY home?

Most people will obtain financing when purchasing their home, whether it’s a co-op, condominium or a one or two-family home.  In such a case the contract of sale will contain a provision making the sale contingent on the purchaser obtaining … Continue reading

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Do I need to close on the closing date in my contract to purchase a home in New York City?

I am often asked this question by my clients who are either buying or selling a home, cooperative apartment or condominium unit.  The standard residential contract of sale used by attorneys in the New York Metropolitan area will state that … Continue reading

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I am a Florida resident selling a home in New York. Will I have to pay New York State income tax?

I am often retained by out of state residents selling real property in New York who inquire about their tax liability in connection with the sale.  New York State does impose an income tax on non-residents selling New York real … Continue reading

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What is a Good Guy Guaranty of a New York Lease?

Whether you are just starting your business or are moving to a new location, leasing suitable space is one of the most important decisions you will be making. In addition to signing a lease, if your business is in the … Continue reading

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Should I use a Quitclaim Deed to transfer a New York Home to a Family Member?

When I’m retained by clients to convey real property, such as a one-family home to a family member, I’m often asked if I will be preparing a quitclaim deed.  I tell my clients that in the New York Metropolitan area, … Continue reading

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I own a New York City Co-op but can’t find my stock and lease. Will I be able to sell my apartment?

As an owner of a cooperative apartment in New York City, you already know that your ownership interest consists of shares of stock in the cooperative corporation and a proprietary lease which entitles you to possession of  your apartment.  When … Continue reading

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When I buy or sell a home in New York do I have to close on the closing date in the contract?

Almost all contracts for the sale of homes, including contracts for the sale of co-op apartments and condominiums, in the New York Metropolitan area have an “on or about” closing date.   This date is typically  approximately 60 calendar days … Continue reading

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Do I need to obtain a Certificate of Occupancy if I’m adding a deck to my Queens, NY home?

A Certificate of Occupancy is a document issued by the New York City Department of Buildings which is evidence that a home or addition to a home, such as a deck, has been built in accordance with plans approved by … Continue reading

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What Not to Tell Your Real Estate Broker When Buying a Queens New York Home.

Many people  seek the services of a real estate broker when house hunting.  Real estate brokers and their sales people provide valuable services to both buyers and sellers of properties in New York.   Nevertheless, as a buyer, it is important … Continue reading

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