As a buyer or seller, you should know who to call to manage each aspect of the transaction.
By Equity Smart Realty Before you buy, sell or invest in real estate, know your role and know your goal. There are multiple participants in a typical real estate transaction: the buyer, seller, their respective attorneys, and the title company. Many homeowners seek the assistance of a real estate broker to negotiate the sales price […]
Some facts to keep in mind when you sell your home.
By Equity Smart Realty In most cases, gains from sales are taxable. But did you know that if you sell your home, you may not have to pay taxes? Here are ten facts to keep in mind if you sell your home this year: Exclusion of Gain. You may be able to exclude part or […]
If you are a tenant of a multiple dwelling unit, you should know your rights when offered a buyout, when you are facing a rent increase and when your lease is facing termination.
Throughout New York City, tenants of multiple dwellings have found themselves making the critical decision of whether they should accept a buyout for their rent-stabilized apartment. Rent stabilization usually applies to buildings with 6 or more units, although there are exceptions. What Landlords have realized is that tenants with rent-stabilized leases typically have lower than […]
Property managers are devoted to ensuring that your investment does not go to ruin. They take care of violations, keep track of the rent roll and ensure that your property is in good standing. After all, a property in disarray can lose value when it is time to sell.
Multiple dwelling buildings are highly sought-after because of their high return on investment. No, they are not coal pits. Here’s why. With multiple apartments and with the increasing market rates, multiple dwellings offer their owners a higher rental income than income from one and two-family properties—all in one location. A responsible multiple-dwelling owner, who seeks […]
The best way to bring the slum-like conditions to the attention of your landlord is by forming a tenants association.
By Workers World Today Partners [dropcap]S[/dropcap]lum landlords hinder tenants’ rights to a quiet enjoyment of their premises. How? With no proper maintenance to the dwelling, slum landlords collect tenants’ hard-earned dollars in exchange for unlivable conditions. So, what can we do? We can associate! Landlord-tenant law provides for tenant associations to bring lawsuits known as […]
Due to the recent poor performance of real estate mortgages, banks and government regulatory agencies are reviewing, reassessing, and reinforcing commercial real estate (CRE) guidelines. This has been imperative at this time because the CRE fundamentals remain weak. Analysts need to review commercial real estate lending practices to determine the nature and extent of the bank's weaknesses and vulnerabilities
By Workers World Today Partners Investors looking to purchase real estate quickly learn that the market is divided into two distinct markets: commercial and residential. The residential market is composed of properties that are mainly primary or secondary residences and are generally not purchased for the purpose of generating income. Most residential properties are purchased […]
So, while the simple answer to whether color influences buying decisions is a qualified yes, there is more
to the story.
Color psychology is not an exact science, but there are basic principles that marketing pros use to sell everything from greeting cards to automobiles. Much of it has to do with color. Yes, the colors you put on your walls, or on your front door, can help clinch a home sale! Humans have emotional reactions […]
Do you have enough money for a down payment? Can you afford the monthly mortgage payments? How much are your debts? What is your credit score? And can you fix your own leaks?
By Tatyana Bellamy – Walker, Special to Workers World Today For Caribbean-immigrant households, buying their first home can be the pathway to stability. Many Caribbean immigrants first came to the United States during the early 1900s, bought brownstones in largely white neighborhoods in Harlem and Brooklyn, then anchored dozens of generations. According to a report […]
National Low Income Housing Coalition released a new study titled “Out of Reach 2018.” It covers research on the affordability of housing among minimum-wage workers.
By Douglas A. McIntyre Add housing to the list of things low-paid workers cannot afford. While there has been a great deal of research about the problem, a new one crystallizes it. Minimum wages workers don’t have enough income to pay for one bedroom housing in many cases. Financially, two bedrooms are out of the […]
"The surge in construction prices is coming at the worst possible time for booming cities like New York, Seattle and San Francisco, already dealing with an affordable-housing crunch that has increased the homeless populations and stoked acrimonious debates about growth and gentrification. City and state legislators have tried to tackle their housing problems with proposals to increase subsidized affordable housing, reduce building regulations and make it legal to build taller." - The New York Times
By Conor Dougherty The New York Times VALLEJO, Calif. — California is in the middle of an affordable-housing crisis that cities across the state are struggling to solve. Rick Holliday, a longtime Bay Area real estate developer, thinks one answer lies in an old shipyard in Vallejo, about 40 minutes northeast of San Francisco. Here, […]