Category Archives: Real Estate

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 →

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 →

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 →

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 →

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 →

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 →

I often have clients who, for various reasons, are unable to attend a real estate closing and ask if they can sign a power of attorney instead.  A power of attorney is a document in which a person appoints someone … Continue reading →

When buying a new home, purchasers in the New York Metropolitan area typically obtain title insurance insuring their ownership interest in the real property being purchased. A report of title will be ordered by their attorney shortly after the contract … Continue reading →

Clients ask me this question quite often. The answer is almost always no. I believe the common misconception that a homeowner needs their original deed in order to sell their home arises from their experience with another document of ownership, … Continue reading →