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residential real estate Archives

Residential real estate market not quite like market 10 years ago

Ten years have passed since the real estate market crashed prior to the Great Recession. The current real estate market is characterized by higher home prices, high demand among buyers and an increased interest in flipping homes. Although today's market throughout the United States, including New York, resembles the pre-recession residential real estate market in some ways, some key differences exist.

Selling residential real estate can come with challenges

Selling a house in New York is an emotional and involved process. Especially for those who have never sold a piece of residential real estate before, knowing exactly where to start can be overwhelming. However, a few tips may help with navigating this multifaceted process.

Residential real estate issues may easily scare buyers away

Even if a house in New York appears beautiful on the outside, it may have a couple of problems that may scare potential homebuyers away. The truth is that it does not take much to make a piece of residential real estate unappealing in the eyes of homebuyers. A few home-related tips may help to avoid losing out on potentially good buyers.

Residential real estate myths can be costly to believe

When wanting to sell a home in New York, homeowners naturally want to make a profit. However, what residential real estate owners expect or desire to happen may not always take place. A few pricing myths involving residential real estate transactions often prevent homeowners from selling their homes as quickly as they could.

A few steps necessary for buying residential real estate

Purchasing a house is a big step, particularly for those who are unfamiliar with the process. The residential real estate market in New York can be especially complicated to navigate for first-time buyers and even for more experienced home purchasers. A few tips may help would-be buyers to take the right steps during this multifaceted process.

Protecting your interests as a first-time homebuyer

Buying a home is exciting, but it is a major financial and legal step for a first-time homebuyer. Purchasing a residence can be quite a complex process, and a buyer will find great benefit in working hard to avoid common pitfalls and legal complications that can arise before and after a sale is final.

Did the seller accept your offer on a house? What happens next?

Congratulations on your impending purchase! Buying a home of your own -- especially for the first time -- comes with a great deal of excitement. However, you might find yourself scratching your head, trying to figure out all of the steps that must take place before the seller's hands over the keys to your new home. Understanding the process helps alleviate any anxiety or hesitation you might feel.

Resolving boundary disputes with neighbors

Everyone hopes for agreeable terms with their neighbors. Boundary disputes do happen though; they might be an intentional breach of territory, but often times, they are a misunderstanding or an honest mistake. Either way, it is important for you to protect your interests and avoid losing value on your property. It is usually in everyone's best interest to avoid a legal battle, so here are some other methods of resolving this issue.

In the market for a new home? Perform due diligence with the home's deed.

Given the realities of limited supply and high demand that characterize the Bronx real estate market, it can be tempting to sign a real estate contract for that dream walkup or condo that may be snapped up in a matter of days. You may be drawn to the residence's original wood floors, vaulted ceilings and refinished kitchen; however, rushing into a purchase may be a decision you could grow to regret years down the line. Beneath the property's remodeled surface, nearly imperceptible flaws can be present in various forms.