Understanding the Importance of Escrow Accounts in Commercial Real Estate Transactions
Escrow accounts play a crucial role in the buying and selling of commercial real estate. They are a mechanism used to hold funds and important documents related to a transaction until all mutually agreed-upon aspects of the sale are completed. In this article, we will delve deeper into the purpose of temporarily holding accounts, how…
New York Real Estate: Surprising Facts You Might Not Know
New York, often dubbed “The Big Apple,” is renowned for its iconic skyline, rich history, and status as a cultural melting pot. When it comes to real estate, New York presents a myriad of opportunities, challenges, and unique characteristics. Here are some intriguing facts about New York real estate: Expensive Square Footage Manhattan, one of…
Pricing Patterns: A Glimpse into the High-End Real Estate of New York City
In the fiercely unpredictable real estate market of New York City, recent reports suggest a noticeable cooling, with the premium segment being no exception, as confirmed by a fresh publication from PropertyShark. For years, New York City has held the distinguished title of the most expensive real estate city in the United States. This bustling…
Yonkers Opens Affordable Housing Waitlist After 10 Years
On Monday, the Municipal Housing Authority for the City of Yonkers (MHACY) announced that they will be opening up the waitlist for Housing Choice Vouchers (also known as Section 8 Affordable Housing) for the first time in over a decade. MHACY aims to add up to 3,000 qualified applicants to the list, who will be…
Understanding Property Profile Reports and How Property Records of New York Can Help
Are you looking to purchase a property in New York or simply curious about the ownership of a particular property? Property Records of New York can provide you with a comprehensive Property Profile Report that contains all the relevant information you need to know about a property. In this article, we will explain what a…
Long-Term Costs of Leasing vs. Buying Appliances: Which One Is More Cost-Effective?
When it comes to appliances, one of the biggest decisions you’ll face is whether to lease or buy. Leasing an appliance typically involves paying a monthly fee for a set period of time, while buying an appliance means paying the full cost upfront or financing it through a loan. While leasing may seem like a…
Navigating Commercial Real Estate Purchases in New York City During an Uncertain Market
As a business owner or decision-maker, purchasing real estate is often a critical part of your business strategy. However, navigating the current real estate market in New York City can be challenging, particularly during an uncertain economic climate. With the current state of the economy, it is essential to be strategic and prudent when considering…
Property Records of New York Deed Letter Reassures New Homeowners Across NY
Property Records of New York in Rensselaer, NY has worked closely with new homeowners that have to deal with misleading deed scam letters from spam companies across NY and the United States. By focusing on bringing real estate agents and homebuyers together the Property Records of New York has been fulfilling the miscommunication gap that…
Will You Be Throwing Away Your Money if You Buy a House in 2022-23?
With the current state of the housing market, buying a home may seem like a costly decision. Home prices are soaring, and competition among buyers is fierce. Some argue that buying a home right now is like throwing away money. In many cases, the cost of buying a home, including the down payment, closing costs,…
Getting Started with Mobile Home Park Investing: Tips for Beginners
Mobile home park investing in the United States is one of the most common ways real estate investors get into the habit of investing in property with lower financial means. The professionals at Property Records of New York created a list of how to invest in mobile home parks for beginners: Two Types of Mobile Home Park…