Keyword Search Result: first-time buyer

Is a Boundary Line Agreement Needed?

The Facts: I am selling my house. A number of years ago I replaced the fence that enclosed my back yard. The person who is buying my house had my property surveyed and it appears that the fence is about 3 feet inside my property line. The title company is requiring me to obtain a […]

Beware of Property Deed Scam

I generally do not revisit a topic if I have discussed it in a prior article. However, based on the number of phone calls I’ve received from clients in response to alarming solicitations they’ve received in the mail, I am making an exception this month. It has been almost three years since I first warned […]

Joint Ownership of Real Estate: How Does It Work?

At least once a week a new client who owns real property with someone else comes to my office with a question about his rights and obligations with respect to his joint ownership of the property. Oftentimes the questions arise because the owners do not see eye to eye as to who is responsible for […]

What Should I Look For When Retaining An Attorney?

My husband and I are buying our first house and we want to make sure our attorney works in our best interest. What should we look for when retaining an attorney? When choosing an attorney you want to be sure that the attorney has experience with residential real estate transactions.  The less real estate experience […]

Should I Retain a Buyer’s Agent?

Facts: We are thinking about buying our first home. A number of people told us we should engage a buyer’s agent to assist us. Question: Is that really necessary? Answer: Although having a buyer’s agent is not “necessary,” there are many good reasons for engaging a buyer’s agent. Buyer’s agents are defined in the NYS […]

What is Title Insurance and Why Do I Need It?

The Question: I am buying my first house and was told I need to get title insurance. What is title insurance and do I need it? The Answer:  That interest may take many forms including an ownership interest or a judgment or lien against the property. While you are not required by law to purchase title […]

Is This a Good Time to Buy a House?

The Facts: My husband and I are thinking about buying our first house. The Question: Is this a good time to buy? The Answer: Absolutely! Inventory is high, interest rates are low and Congress has just extended the Homebuyers Tax Credit bill. Under the new bill, even people who are not first time buyers may be eligible for […]