Real estate brokers can be sued for many different reasons, but some of the most common lawsuits they can be subjected to are real estate misrepresentation lawsuits. Exaggeration and puffing are common sale tactics in the real estate industry, and so it is important for both buyers of property and real estate brokers to understand…

Buying property in the real estate market is a complicated process. Admittedly, the process has become so complex because of lawyers (like us), but all of the various provisions and terms in the average real estate contract serve a purpose. Today we are going to explain the concept of the “Appraisal Contingency.” What is an…

If you have recently entered the housing market or purchased a home, you may have heard about a lending concept known as the mortgage contingency. A mortgage contingency is a clause in the home sale contract that makes the buyer’s purchase of the home contingent on securing financing, such as a mortgage or a deed…

Equal housing opportunity is more than a myth or a fine notion: it’s the law. The federal Fair Housing Act, which is celebrating its 50the anniversary this year, enforces equal housing opportunity across the country. Equal housing opportunity is a critical concept in the modern real estate market and it is important to know what…

The real estate market is a fickle ally and is subject to peaks and falls. Unfortunately, deciding when the best time to buy a house might be is more difficult that it may seem. As real estate attorneys serving clients in the very competitive New York City real estate market, we are often asked by…

Just prior to Christmas this past year, the House of Representatives and the Senate passed tax overhaul legislation, which was sent to President Trump’s desk for signing. While the tax bill is primarily aimed at income tax and corporate tax passthrough adjustments, real estate attorneys have been hard at work analysing the bill’s tax deductions…

Buying a new home can generate much deserved excitement and joy; however, many traps and hidden surprises often await the over eager buyer who chooses not to inspect his or her home to be purchased. Some homebuyers, especially first-time buyers, forego their right to inspect their new home. Prior to signing a contract to purchase…

Real estate brokers enter into the real estate business with the intent to be successful. Many, however, are not sure how to reach the level of professional achievement that they desire. As real estate attorneys, we work with real estate brokers on a regular basis drafting and reviewing their contracts and resolving any legal disputes…

One of the most common questions for real estate lawyers from clients involves the following scenario: either “I want to sell my house” or “I want to buy a house,” but “how does it work?” Buying or selling a home can be one of the most stressful times in our lives, but also one of…

Imagine a hypothetical scenario: you own a home or condo free of any mortgage. You want to sell your home (for whatever reason) and you have a new home picked out. If you sold your current home, you would be able to use the proceeds from the sale to significantly reduce the amount of the mortgage on…

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