Form TP-584 is a Combined Real Estate Transfer Tax Return, Credit Line Mortgage Certificate, and Certification of Exemption from the Payment of Estimated Personal Income Tax.  This form is completed in order to comply with the requirements of the real estate transfer tax, the tax on mortgages as it applies to the Credit Line Mortgage...Read More

As we have discussed previously here, there are so many moving parts when it comes to a real estate transaction, on both the buyer’s and seller’s side. There are certain tasks that each party has to complete in order to close a transaction and a team of professionals that is helping them complete each task....Read More

On September and October 2023, we published a blog post regarding the Real Property Condition Disclosure Statement in New York. On September 22, 2023, Governor Hochul signed legislation that struck the portion of the statute permitting a seller to give a purchaser a credit of $500.00 in lieu of the Real Property Condition Disclosure Statement....Read More

With the start of the busy real estate season right around the corner, we thought it would be a good time to talk again about the team that works together to get a buyer (and seller) to the closing table. Purchasing a home is one of the largest investments that people make in their lifetime....Read More

When venturing into the realm of homeownership, the excitement of finding your dream home can sometimes overshadow the practicalities of the buying process. Among these, conducting a thorough property inspection stands out as a crucial step that should never be overlooked unless there is a specific reason that warrants waiving it. This blog post delves...Read More

An easement grants a non-owner the right to use or access another person’s property for a specific purpose. This agreement allows for a limited use of the property without transferring ownership. The property that benefits from the easement is known as the dominant estate, while the property that serves the easement (i.e., the property over...Read More

For the end of the year, we have decided to focus on our favorite tips and strategies for becoming a Healthy CEO.  I am sure that you have heard of the concept of “NO-vember”: the month when you start saying NO to things that drain your energy and YES to those empowering, energy fueling activities...Read More

On September 14, 2023, we published a blog post regarding the Real Property Condition Disclosure Statement in New York. On September 22, 2023, Governor Hochul signed legislation that struck the portion of the statute permitting a seller to give a purchaser a credit of $500.00 in lieu of the Real Property Condition Disclosure Statement. This...Read More

Purchasing a home is an exciting journey, but it can also be filled with uncertainties, especially when it comes to the condition of the property. In the state of New York, the Real Property Condition Disclosure Statement (RPCDS) serves to provide prospective buyers with essential information about the property they are considering. In this blog...Read More

Real estate transfer taxes in New York can be quite complex, as they can vary depending on the location within the state and the value of the property being transferred. As tax laws may change from time to time, we always impress upon our clients to consult with a tax professional or the New York...Read More