Posts Categorized: Real Estate

It’s a Seller’s Market, So Should You Buy? 

(Hint: the answer is not what you think) Home prices are at an all-time high as are mortgage interest rates. As anyone in the industry can tell you, this is fertile ground for a seller’s market – which is exactly what is going on: these are prime conditions in which to be a seller.  So… Read more »

Time to Refinance again

While the stock market and oil prices have been dropping like a rock over the last few weeks the positive effect of this is that interest rates are once again at all-time lows.  As investors around the world are selling stocks and seeking safe havens to park their money they are buying US Treasuries which… Read more »

Cooperatives vs. Condominiums

Many first time home buyers, or even seasoned home buyers for that matter do not realize that there is a difference between purchasing a condominium (“condo”) and purchasing a cooperative (“coop”).  While listing all the differences and nuances could take quite a bit of time as well as a lot more detail, for purposes of… Read more »

Condition of the Property on the date of closing

One issue that keeps presenting itself lately is the condition of the property at the closing. In the majority of residential transactions, the subject property is supposed to be left in broom clean condition, subject to reasonable wear and tear at the time of closing. There are times of-course where the property is being left… Read more »

Advocate vs. Adversary

One of the brightest legal minds that I ever had the pleasure of working for gave me some strong advice that I have carried with me throughout my career. He said, “Andrew, you need to advocate your client’s position, but you do not need to be adversarial about it”. I have carried this advice with… Read more »

Short-sale Auctions

The Short Sale Process in NJ Has Changed Over the past several years the short-sale process has changed; sometimes for the better and sometimes for the worse.  These changes generally (i) involved the short-sale seller, short-sale lienholder, and the short-sale contractual purchaser and (ii) pertained to documents that needed to be provided by the short-sale… Read more »

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