Estate Planning Lingo Cheat Sheet
Last month, we discussed real estate terms to know, and this month, we tackle estate planning terms. I’ve picked five fairly common terms, but if you haven’t had experience with estate planning before, you might not know exactly what they mean. Power of Attorney or POA. This document appoints a person (your agent) that you […]
Real Estate Lingo Cheat Sheet
We’ve all been in a room, or on a call, and someone uses a term, or an abbreviation, with which we aren’t familiar. This blog contains five common real estate terms. Let me know how many you knew or if you learned something you didn’t! MLS. Or now known as OneKey MLS. If you’ve bought […]
Establishing an Article 17-A guardianship and the Supplemental Needs Trust (SNT)
If your child with developmental or intellectual disabilities is approaching 18, consider applying to the court to be appointed as an Article 17-A guardian. Once they turn 18, an incompetent person is now legally recognized as an adult, and parents or guardians no longer have automatic authority to make legal or financial decisions on their […]
After A Loss: Your Guide To Legal Matters And How To Prepare
Losing a loved one is incredibly difficult. You are grieving, planning for family members and friends to come into town, making decisions regarding funeral services and memorials, and maybe facing financial hardships. It’s a time of stress, overwhelm, and great sadness. The last thing on your mind is legalities, but unfortunately, these things come up […]
Foreclosures, Your Options And The New Laws Passed In New York
There are two new items I wanted to share with you this month, in regards to foreclosures. Foreclosure Abuse Prevention Act On December 30, 2022, New York State Governor Hochul signed the Foreclosure Abuse Prevention Act (FAPA.) The Act amends the Real Property Actions and Proceedings Law (RPAPL), General Obligations Law (GOL) and Civil Practice […]
7 Issues That Could Delay A Closing Purchaser’s Side
This month, we are going to focus on some of the common issues I see pop up that could delay a closing on the purchaser’s side in a real estate transaction. Next month, I will dig into the seller’s side, so stay tuned! Not enough money for closing costs If you’ve purchased a house, you […]
Open — but paid off — Mortgages
As we continue our conversation this month on some things to look out for when selling or purchasing a home, I am going to discuss old mortgages that show up on your title report and how they might affect the sale. Chances are, when you bought your home, the prior owner had a mortgage that […]
But, It Was There When I Bought It…
I hear this phrase a lot so I wanted to discuss some important items to review before you list your home for sale. This month, and next, I am covering THREE of the biggest issues I often face when representing sellers. This month is all about the importance of a Certificate of Occupancy or Certificate of Compliance, often referred […]
Preparation +Support
Many people aren’t considering vacationing anywhere but in their own hometown these days. But, as travel becomes more of an option over the Summer, remember having your will and advanced directives in place will give you peace of mind as you do plan for your trip. I’ve discussed the importance of advanced directives in the […]
Buying A Home? What You Should Know About Inspections, Repairs & Contract Clauses
You found the house of your dreams! You have put in an offer and it was accepted. Now it’s time for the home inspection. You ask, “Why do I need a home inspection? It costs so much!” I tell both my purchasers and my sellers that a home inspection is so that the purchaser knows […]