One of the first questions I am asked by most of my clients who are selling their home is: “What will I end up with after paying all of my closing costs?“. What follows is a comprehensive list of expenses typically incurred by sellers in the New York City area. It should be noted that … More I’m selling my home in Brooklyn, what will my closing costs be?
For real estate investors, the 1031 exchange is a powerful tool for managing tax liability when selling and purchasing investment properties. Normally, when property is sold, any gain on the sale will be taxed. However, the 1031 exchange allows an investor to defer capital gains tax on the sale of a business or investment asset … More Is a 1031 Exchange right for me?
This N Y Daily News article reinforces just how hot the Brooklyn real estate market is right now. As affordability of homes close to Manhattan continues becomes harder for many buyers, the homes deeper into the borough are now under consideration . Soon enough, no one will be able to afford Brooklyn. A lack of … More Brooklyn or bust! Thin inventory and hot demand send home prices to new record high.