201110.10
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Foreigners Purchase One-Third of New York City Condos and 15 Percent of New York City Real Estate

According to an article posted on October 7, 2011 on Crain’s New York Business.com, fifteen percent (15%) of all residential sales in New York City were made by overseas-based buyers (most were all-cash deals).  The majority of the foreign investors were based in Russia, China, Brazil and Argentina.  Buyers from overseas presently account for one-third…

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201101.25
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What are the Changes in the Estate Tax Laws?

New legislation, called the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010, was passed by the United States Congress on December 16, 2010 and signed into law by President Barack Obama on December 17, 2010, which affects federal estate taxes. A summary of the new law is as follows: As a temporary…

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201011.09
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Should I Buy or Hold My Investment Property in an LLC?

Deciding what legal entity in which you buy and hold your real estate is important.  You should to consult with your financial and tax advisors along with your New York real estate attorney to figure out the right legal entity.  You should consider, among other things, the type investment property (is it undeveloped land, commercial…

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201004.30
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How to Prepare/Stage Your Home (or Condo or Coop) For Showings — Perception Is Reality

In most cases, you have one shot at impressing potential buyers.  Don’t take it personally separate yourself from the personal feelings you have about the home (it’s not your home now, it’s a commodity you intend to market).  If you were buying the condo, coop or home, what would you think about the home?  Take…

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201004.30
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How to Buy a Condo, Coop or Real Estate in New York

Manhattan home ownership — whether a condo, coop, or townhouse — we can provide you with many benefits, including, a long-term investment and tax advantages. Of course, a home is also a major financial commitment.  There are ways to avoid costly pitfalls that can strain your budget and your patience. At the time of the…

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201004.30
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Using a Real Estate Broker to Sell Your Condo, Coop or Home

Find a broker with whom you are comfortable. A broker can: (1) research comparable sales in your neighborhood and has an accurate understanding of the current market (newspaper “asking prices” may be misleading); (2) provide you with a realistic selling time frame, set up a sales promotion plan, advertise the property for you, and adjust…

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