Author Archives: Riley & Gutman

For many real estate investors, a 1031 exchange is a powerful tool to build wealth. It allows you to sell an investment property, reinvest in another, and defer capital gains taxes—keeping more money working for you. But while the concept sounds simple, the reality is different. 1031 exchanges are detail-driven, deadline-sensitive, and unforgiving if mistakes … 1031 Exchanges in New Jersey: What Real Estate Investors Need to Get Right Before Closing

Losing a spouse is one of life’s most difficult experiences. If you’re also facing the need to sell a home you owned together, the legal process can feel overwhelming. In New Jersey, the steps you must take depend largely on how the property was titled and whether your spouse had a will. Understanding these factors … Selling a Home in New Jersey After the Death of a Spouse: What You Need to Know

The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) has finalized new rules targeting certain all-cash and non-traditional real estate transactions. These regulations are designed to combat money laundering and illicit financial activity in residential real estate. “The Residential Real Estate Rule requires certain professionals involved in real estate closings and settlements to … New FinCEN Reporting Rules: What New Jersey Real Estate Buyers and Sellers Need to Know

In New Jersey real estate transactions, surprises can surface at the worst possible moment—often just days or weeks before closing. One recent matter our firm handled is a perfect example of how an unpermitted improvement can put an entire deal at risk, and why experienced legal guidance is critical when issues arise. The Problem: An … How an Unpermitted Garage Conversion Nearly Derailed a New Jersey Home Closing—and How We Saved the Deal

As a real estate closing attorneys, we often see clients combine the tax rules for the home they live in with the rules for the properties they rent out. In New Jersey, the tax treatment of these two asset classes is worlds apart. Understanding whether your property is classified as a principal residence or an … Capital Gains Tax: Primary Residence vs. Investment Property in New Jersey

When buying or selling a home in New Jersey, two crucial inspections—the Certificate of Continued Occupancy (CCO) and the Smoke Detector/Carbon Monoxide (CO) Inspection—are essential for a smooth closing. These inspections ensure the property meets local safety and maintenance standards. What Are These Inspections? Certificate of Continued Occupancy (CCO): Many municipalities require this when a … New Jersey Home Sales: Understanding CCO and Smoke/CO Inspections

Understanding Deed Transfers A deed transfer is the legal process of moving property ownership from one party to another. In New Jersey, all deeds must meet specific legal requirements, be properly executed (signed and notarized), and recorded with the county clerk where the property is located. Our firm, Riley and Gutman, LLC  assists clients with … Deed Transfers in New Jersey (Beyond the Typical Sale)

Investing in real estate can be a powerful way to build long-term wealth, generate passive income, and diversify your financial portfolio. But before you jump into the world of property investment, it’s critical to evaluate the opportunity from all angles. Asking the right questions can help you avoid costly mistakes, understand your risk tolerance, and … 7 Essential Questions to Ask Before Investing in Real Estate as an Individual

Buying a home is one of the biggest financial and emotional investments you’ll ever make. When that home is part of a community governed by a Homeowners Association (HOA), it’s not just the property you’re purchasing — it’s also a set of rules, obligations, and fees that can have a significant impact on your daily … The Importance of Reviewing Homeowners Association (HOA) Rules Before Buying a Home in New Jersey

When you’re buying a house in New Jersey, you might think you’re buying complete rights to the property and everything that comes with it. But occasionally, hidden in the fine print, there’s something called an easement—and it can affect how you use your property, what you can build, and even your property value. What Is … Navigating Easements and Rights of Way in New Jersey Real Estate: What Every Homebuyer Should Know