Reference Guide to the NYS Transfer Tax and Mansion Tax Hikes…

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The chart below describes the increases in the New York State Transfer Tax and Mansion Tax, that will affect transactions of specific type and size occurring after July 1, 2019… An exception to the July 1 deadline will be those contracts ‘entered into on or before April 1, 2019, “provided that the date of execution of such contract […]

New York State Targets Low-Hanging Fruit To Raise Revenue – The Real Estate Transfer Tax and the Mansion Tax Are Hiked!

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If the business or entity you are responsible for running needs to raise its top-line revenue number, in the hopes of potentially improving the bottomline number, what can be done? Simple! The business could simply raise prices being charged the consumer for the product(s), right? Of course that answer in many cases is not feasible, as there […]

The 2019 New York State Budget Includes Real Property Transfer Tax And Mansion Tax Increases!

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2019 New York State Real Property Transfer Tax And Mansion Tax Increases or, Just When You Thought Your Tax Burden Couldn’t Get Any Worse! As New York State’s Governor Cuomo embarked on a search for new sources of tax revenues, ultimately residential real estate and real estate transactions were in his crosshairs! An initial tax […]

What’s a Win-Win Proposition? When Military Combat Veterans At-Risk for Suicide Win, and When your Business Wins Too!

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Is your business interested in supporting a military combat veterans charity with a mission of suicide prevention? The nondenominational Heroes To Heroes Foundation could be your perfect option, because that’s what we do with incredible success! Learn more about the organization below, and consider sponsoring the Heroes To Heroes Foundation July 15th Charity Golf Outing, […]

Interactive Chart: Since the Financial Crisis, How Have Consumer Preferences in Remodeling Projects Changed?

Homeowner Improvement Expenditures by Project Type

The art of determining consumer preferences has taken on new meaning and a new sense of urgency when it comes to marketing and manufacturing in the age of the internet! Data analytics as it relates to consumer behavior has entered the 21st century in a big way, as algorithms and other processes take raw consumer data and […]

The Spring Real Estate Selling Season Will Be Good, Bad or Indifferent? (Economic Statistics)

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Are some economic statistics suggesting that the United States may be on the edge of a fiscal cliff? And if that’s the case, what impact would stepping-off of the said cliff have the real estate market? Spoiler alert, as this is actually somewhat of a rhetorical question. By asking anyone old enough to notice in 2007-2010, you will […]

The American Dream and Real Estate: What Makes Millennials Tick?

what makes millennials tick

When it comes to the Millennial generation, real estate and attaining the American Dream, one question often asked is what fuels the Millennial purchase/rent decision-making process? As the parent of three Millennial children, questions will sometimes arise concerning what it is that’s most important to them vis a vis achieving the American Dream? The answer, however, […]

Guest Author – ‘Challenging Your NYC Property Value Assessment May Be Easier Than Ever’ by Darya Shneyder

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New York City property value assessments, like those on Long Island, can often be based on data that is often considered by the owner to be somewhat inaccurate and/or open for debate. Maybe you should think about appealing! (Challenging Your NYC Property Value Assessment May Be Easier Than Ever originally appeared in the Commercial Observer, […]

A Mortgage Application For A New Purchase, That Excludes A Current Mortgage From The DTI Calculation?

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So let me get this straight…A mortgage applicant currently has an outstanding mortgage on their home, and those expenses can be excluded from the DTI calculation for a mortgage that will be used to buy another home? Are we talking about a bridge loan or a loan from some other non-traditional lender? The answer is […]

New York City Rent Stabilization Law – It Offers Both Risks And Rewards!

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Hallmark Abstract Service was extremely fortunate to enlist the help of Craig M. Notte, a Partner at Borah, Goldstein, Altschuler, Nahins & Goidel, who has provided his insights and ultimately an article on the complicated and often difficult to play-in world of New York City rent stabilization law. When operating properly, the laws surrounding this segment […]