You have likely heard the names Fannie Mae and Freddie Mac, but have you ever wondered how they apply to you?
If you are ready to buy a new home, you can be managing several details from securing financing to preparing your current home to go on the market. And all these moving parts don't disappear just because you find the right home.
Years ago, home sellers in New York were not required to disclose defects in the property being sold. In legal terms, the doctrine was "caveat emptor" -- or "let the buyer beware." That meant it was up to the buyer to inspect the property for any defects.
There are countless details that go into the decision to buy a new home. Prospective buyers consider everything from square footage and location to taxes and layout. With so much to think about, it can be easy to overlook certain elements, particularly when they don't seem like a pressing issue.
The lower part of Manhattan in New York recently had its most robust quarter of leasing activity in the past seven years. Office space spanning nearly two million square feet was leased in this part of Manhattan during this year's second quarter. Research shows that the sectors of information and media, technology, and advertising contributed to most of the real estate transactions.
Making an offer on a home in New York can be an exciting experience, especially when aspiring buyers feel that their offers are solid. However, excitement can quickly turn into disappointment if their offers end up being rejected. Here are a couple of reasons why would-be buyers may see their offers rejected as they embark on residential real estate transactions.
Purchasing commercial properties is certainly a wise way to invest one's money. However, these are not the only types of commercial real estate transactions that can be lucrative. A commonly ignored aspect of commercial real estate in New York and elsewhere is the purchase of vacant land.
Purchasing a house in New York is very much like participating in a race. After a listing is live, buyers must quickly check it out and submit their offers for it as soon as possible, which can be challenging in a competitive housing market. Here are a few tips for engaging in real estate transactions involving homes that have not even hit the market officially yet.
Today's commercial property market continues to evolve. However, not everybody has managed to keep up. Those who fall under this category may unfortunately end up missing out on what the current market has to offer. Here is a look at an especially common myth regarding commercial real estate transactions today in New York and elsewhere in 2018.
Homes in New York and other parts of the United States are selling like hotcakes these days. In fact, research shows that, on average, they sold in only 54 days. In addition, the median listing price in residential real estate transactions was $299,000.