New York is home to one of the most robust real estate markets in the world. In addition to commercial property, such as office buildings, there are always people buying and selling residential properties. This includes single family homes, condos and townhouses.
No two residential real estate transactions are the same. This means that every buyer and seller needs to be on his or her toes, knowing that each decision could have an impact on the final result.
Some of the most common types of residential real estate transactions include sales, purchases, new construction, short sales, vacant land sales, financing, refinancing, transactional funding flip deals and 1031 tax free exchanges.
With so many questions to answer along the way, as well as challenges that are sure to arise, it can be difficult for a buyer or seller to stay on the straight and narrow from day one.
Sellers want to get as much money as possible for their property. Buyers want nothing more than to get a good deal by current market standards. Furthermore, both parties are interested in moving forward in an efficient and time effective manner.
If the time has come for you to learn more about residential real estate, you can browse our website and blog for advice, guidance and tips. You can build your knowledge base to ensure that you make better decisions in the future. Our "New York City Real Estate Transaction Attorneys" webpage is the perfect place to start if you are focused on residential real estate, including the many types and common challenges.