The real estate market is booming right now. While many people are finding great homes that they can move into as soon as they close, others find that their dream home already has tenants living in it. Buying a home that already has tenants living in it is a...
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Residential Real Estate
3 signs of a bad real estate agent
On Behalf of Law Office of Phil Napolitano | May 1, 2022 | Residential Real Estate
You may have found a real estate agent who’s promised you great things to come. They ran you through every question to ensure you find the best property. Now it’s been a few weeks and your agent has left you in the dark. They may not be responding or they may be...
What’s the risk if you waive the inspection on a house?
On Behalf of Law Office of Phil Napolitano | Apr 15, 2022 | Residential Real Estate
As the buyer in a real estate transaction, there are certain rules that help protect you. You have the right to inspect the property and to include a contingency clause in case the property doesn't pass inspection. With more competition for real estate in recent...
4 ways to overcome an appraisal gap before closing
On Behalf of Law Office of Phil Napolitano | Apr 7, 2022 | Residential Real Estate
The residential real estate market has undergone incredible changes in the last few years. Prices have increased, while supply in the housing market remains relatively low. Supply chain issues and remote work further complicate an already stressful real estate market....
Can a home seller change their mind?
On Behalf of Law Office of Phil Napolitano | Mar 31, 2022 | Residential Real Estate
You find a home that you want to buy, and you make an offer at market value. The seller accepts your offer. You're very excited to finally have your own home. But then the seller decides that they can't bear the thought of moving out of their home after all. They tell...
Can someone steal a home?
On Behalf of Law Office of Phil Napolitano | Mar 18, 2022 | Residential Real Estate
Real estate frequently changes hands, but generally not through theft. It seems illogical that someone could steal a house. However, there is one way that this happens. It is called deed fraud or home title theft. It involves stealing the house by changing the...
Plan on starting a home business? Check the zoning first
On Behalf of Law Office of Phil Napolitano | Mar 6, 2022 | Residential Real Estate
These days, more and more people are ditching their nine-to-five jobs and starting their own business from home. That means you need a home that both has enough space and the right zoning. How much does zoning matter if you plan to operate a business out of your own...
Avoiding last-minute issues that could derail your home purchase
On Behalf of Law Office of Phil Napolitano | Feb 22, 2022 | Residential Real Estate
In residential real estate transactions, the closing is always the light at the end of the tunnel. Getting to closing can have its challenges. Sometimes a transaction doesn’t make it there. The phrase “fell out of escrow” can mean a welcome bargain for a buyer who can...
Selling a house with a lien
On Behalf of Law Office of Phil Napolitano | Feb 5, 2022 | Residential Real Estate
Where real estate is concerned, you may have heard that it’s a “seller’s market” right now. You’re ready to pack up the homestead, make the sale, take the money and travel. First, however, you have to solve a problem: There’s an old lien sitting on the title of your...
Why do buyers have to pay for two title policies on a home?
On Behalf of Law Office of Phil Napolitano | Feb 3, 2022 | Residential Real Estate
Real estate in New York often comes with a significant price tag. Even properties in mediocre condition can command a premium price because of their locations. You may have to push to the very edge of your budget to make a successful offer on a home. Unfortunately,...