The real estate industry recently hit a record in houses sold for more than the asking price, with a maximum rise in asking price by 56.36% in July 2021. Meanwhile, around 44 million people are still renting and looking to buy their first home. But purchasing a house is something that shouldn’t be rushed. Many
When one’s actions lead to another’s sustained injuries, the injured person is legally entitled to compensation. The wrongdoer is obliged to cover the victim’s recovery expenses in cases of injuries as a result of carelessness, negligence, or intentional actions. The total amount of damages owed to a person is determined in a personal injury claim.
U.S. home prices are at record highs. In March, the median price showed a year-over-year increase of 15%, reaching $375,300. So, if you bought a home recently, you must have paid a good sum for it. You now have a hefty financial commitment if you purchased it with a mortgage. So, if you discover a
Foreclosure filings went up 27% between July and August, bringing the year’s rise to 60%. This led to many distressed properties being listed on the market, waiting to get snapped up by buyers. As some of the best real estate attorneys in NYC, Aminov Law Group has plenty of experience filing documentation and paperwork for clients who have chosen
There are around 3.5 million residential properties in New York City alone. It won’t be surprising to know that disputes and misunderstandings do happen in a property market this massive. Whether you’re a simple property owner or a management company, you may run into a real estate dispute at some point. As trusted real estate lawyers in New
Inspection is one of the most crucial steps in buying a home. You need to ensure that the house is in top condition and that the seller discloses any problems that warrant repairs or replacements. However, there are situations when the seller chooses to hide certain problems with the house to sell it quickly. For
When it comes to selling property, you can never assume that everything will go smoothly. Statistics from the National Association of REALTORS® show that 30% of contracts were delayed in October 2020 due to some complications, which included: Financing issues Appraisal issues Home inspection/environmental setbacks Titling/deed problems Distressed property issues Real estate attorneys in states like NY can
Homeownership is a dream for 73 percent of Americans. When you’re on the verge of fulfilling your dream, hiring a real estate lawyer is usually the last thing on your mind. Real estate has become a complex area of law due to considerable legal and regulatory changes in recent years. There may be local and county
In most car accidents, the driver at fault pays for the damage to the victim’s car. The victim typically makes a claim against the at-fault driver’s insurance to cover the costs of the necessary repairs. If the victim sustained injuries, the driver at fault may also have to pay for the medical bills. In New
