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December 2017 Archives

Most real estate transactions will not be affected by tax reforms

Some real estate experts believe that the brand-new tax laws will have a negative impact on the real estate market throughout the United States. This perceived negative impact includes dropping home prices, more rentals and residents' leaving high-cost states, such as New York. However, other real estate experts say that these assertions are overblown because the residential real estate transactions of most Americans will not be affected.

Buying fixer-uppers can be tricky real estate transactions

Purchasing fixer-uppers rather than new homes can seem like exciting endeavors thanks to television. However, these types of properties can require a great deal of work and thus pose a major financial risk. A few tips may help with making smart fixer-upper real estate transactions in New York.

Real estate transactions involve various types of properties

Several real estate projects are coming to New York in the near future. These projects include the development of residential buildings along with some commercial space and mixed-use buildings. As long as New York continues to be an in-demand area for real estate, both buyers and sellers will take part in a variety of real estate transactions that meet their goals.

Real estate transactions involving leases may rise in New York

A battle to preserve local businesses in New York resulted in a victory recently. The New York City council and mayor were able to strike a deal aimed at reducing taxes on commercial real estate for the city's small businesses. This may make commercial real estate transactions involving leases even more appealing for the owners of small businesses in New York who are interested in finally getting a storefront or expanding to a bigger space.

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