Condos are frequently managed by a board or homeowners’ association (HOA), so check with the group that oversees your condo for any special rules that apply to selling your unit before putting it for sale. Your HOA’s bylaws may limit who you can sell your unit to, or they may require that potential purchasers be …
A mechanic’s lien is a legal claim made against a house or property. Subcontractors and suppliers frequently file mechanic’s liens when they haven’t been paid for modifications they’ve done to a property. They’re a means to get paid for work done on a home, such as upgrading or improving it. Even if you weren’t the …
Are you considering selling your home in New York? Traditional home sales come with a number of costs, some of which you may not have considered. Whether you choose to deal with a professional real estate agent or go it alone, you’ll likely incur all of these Closing Costs For Sellers. Are you looking to …
If you have a mortgage, your house is most likely affected by a lien. If you default on your payments, this claim gives the bank that backed your loan legal ownership of your home. However, owning this type of lien isn’t always a terrible thing. That’s because it’s an inevitable part of the home-buying process—and …
What is Lien? What are Types of Liens? How to Remove a Lien? Read More »
Are you looking for a way to sell your home without using a real estate agent? Some homeowners use the “for sale by owner” (FSBO) method to avoid paying real estate agent commissions. While this method may save money, keep in mind that it is far from simple. There’s no disputing that selling your house …
Whether you’ve received a pre-foreclosure notice from your lender or come across a pre-foreclosure home for sale, you may be wondering, What is pre-foreclosure, how do pre-foreclosures work and how does it affect you as a homeowner or a homebuyer? What does “pre-foreclosure” mean? Pre-foreclosure refers to a property that is in the early …
Many people in New York focus on the sale price and the commissions of real estate agents when selling a home. However, they might not consider the taxes that come with a real estate purchase in New York State. When selling your house, there are numerous tax ramifications to consider. Let’s take a closer look …
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