Category: Real Estate

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

Buying a home is always a significant financial decision, but purchasing a home in an uncertain economy can be particularly daunting. Rising interest rates, fluctuating home prices, and economic instability can create challenges for homebuyers, making expert legal guidance more critical than ever. At Riley and Gutman, we specialize in real estate closings and help … How a Real Estate Attorney Can Help You Buy a Home in an Uncertain Economy

When buying a home in New Jersey, there’s more to consider than the property’s price, location, and aesthetics. One crucial but often overlooked aspect is understanding the land itself. Environmental reports provide a comprehensive look into the property’s soil conditions, flood zone status, and other environmental factors that could impact its safety, value, and suitability. … The Role of Environmental Reports in NJ Real Estate: Understanding Soil, Flood Zones, and Environmental Due Diligence

Buying or selling a home is often one of life’s most significant milestones. However, hidden issues can turn an exciting process into a stressful ordeal. One such challenge is a property line dispute. In New Jersey, these disputes are not uncommon and can cause delays or derail a real estate transaction altogether. Understanding how to … Understanding Property Line Disputes in New Jersey: How to Handle and Resolve Boundary Issues During Home Sales