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Know the basics of home buying in New York. Understand the legal issues involved in residential real estate transactions, such as disclosures, purchase contracts, potential title defects, zoning issues, and taxes-before the process begins.
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Some cities have strict rules for short-term rental properties, including New York City – where it’s illegal to rent out a property for less than 30 days. Be sure to inquire with your own city to learn about any renting regulations or licensing stipulations so you know if and how long you can rent out your property.
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