The PropertyClub Blog

How to Wire Money for Closing

Closing on a home requires paying the seller to finalize the purchase. It involves completing all the legal and financial steps required to transfer ownership from the seller to the buyer. This process includes signing the necessary paperwork, paying closing costs, and transferring the funds to the seller, typically via a wire transfer.

10 Most Dangerous Cities in California

The most dangerous cities in California are Emeryville, Oakland, San Bernardino, Stockton, and Compton, each facing significant challenges in combating crime and ensuring the safety of their residents. With Emeryville leading the list with a startling violent crime rate of 2,356 incidents per 100,000 residents, these urban areas grapple with various forms of criminal activity, ranging from property theft to aggravated assault.

How Much Does it Cost to Sell a House?

The average cost of selling a house tends to range somewhere between 8% and 12% of the final sale price. To make sure that you have a more accurate idea of the cash you can pocket when all is said and done, it’s wise to prepare a comprehensive breakdown of the average cost of selling a house.

12 Most Dangerous Neighborhoods in NYC

New York City is a fun place to visit and live. Just like any city, there are some places you should stay away from during your time there. Some areas are more dangerous than others in New York City. Read on to discover the twelve worst neighborhoods in NYC for crime.

When Does a Seller Get Money After Closing?

The most exciting day for any seller is the day money comes in after closing. However, it can be tricky to understand when the money will arrive. When does the seller get money after closing? What day will it come? Who has the money, and what form will that money come in?

14 Most Dangerous Cities in America

The most dangerous cities in the US are facing escalating rates of violent and property crime. In this article, we've compiled a list of the thirteen cities where personal safety is most at risk, starting with Memphis, St. Louis, and Little Rock. From Memphis's alarmingly high overall crime rate to St. Louis's spike in assaults and Little Rock's troubling murder trends, these cities face immense safety challenges.

New York Transfer Tax Guide

The NYC transfer tax, also known as the NYC Real Property Transfer Tax (RPTT), is a tax that applies to all transfers of real property and cooperative shares over $25,000. The NYC transfer tax also applies when transferring a majority of the ownership in any corporation that owns NYC property.

Depreciation Recapture Rental Property Guide

Rental property owners can deduct depreciation from their taxes, which allows them to account for the natural loss in value of the home over time. This deduction helps reduce taxable income and can result in significant tax savings. However, there's a catch: when you sell the property, the IRS may require you to repay some of those tax savings through a process called depreciation recapture.

12 Safest Cities in Arizona

Whether it’s the nearly year-round sunshine, mild winters, open space, and affordable cities, it’s no secret why people are flocking to Arizona. These twelve cities are ranked the safest places to live in Arizona thanks to their very low crime rates per capita. 

Safest Countries in the World

Ever wondered where the safest places in the world are? Well, wonder no more! This report will explore the fifteen safest countries in the world based on their violent crime index. 

What Is Phrogging and Is It a Crime?

Have you ever noticed things going missing from your fridge, heard unexplained noises at night or felt a chill run down your spine that just can't be explained? These could be signs of a terrifying situation – someone secretly living in your home! This unsettling phenomenon is known as phrogging, and it's more common than you might think.  

Live in NJ, Work in NY Taxes

Those who live in NJ but work in NYC are exempt from NYC income tax. However, you must file a New York non-resident return (IT-203) and a New Jersey resident income return (NJ-1040). Read along to find out more about which taxes to file to where to file them.