Articles
For Buyers
What Is An Estate Sale?
Estate sale refers to the real estate that is being sold by the heirs or a trust (or the state) after the passing of the owner of the property.
Sponsor Units – What Do NYC Apartment Buyers Need To Know About Them?
Sponsor units are builder or developer-owned apartments in condos and co-ops that can be sold by bypassing board approval requirements.
How Much Are Closing Costs?
Closing costs can range between 2-4% of the property price for buyers and 8-10% for sellers because they have to pay the brokers’ commission.
For Sellers
How To Plan A Budget-Friendly Bathroom Renovation
Bathrooms are one of the few places in your home where remodeling/renovation can increase the property’s value, at least enough
Co-Op Financial Requirements in NYC
Co-op financial requirements in NYC are stricter than the requirements for buying a condo and you might need to save much more than the usual 20% for down payment, to meet the financial requirement for a co-op board.
What Is A Flip Tax / Transfer Fee
A flip tax is a transfer fee (usually between 1% and 3%) that co-op sellers have to pay when selling their apartments.
For Renters
10 Steps To Find The Perfect Apartment To Rent In NYC
1. Identify The Right Time To Enter The Market The best time to find available apartments in NYC is usually
What Is Amortized or Net Rent?
Net effective rent or amortized rent is calculated by dividing the total rent you have to pay (after discount) over the term of the lease by total months in the lease.
How Much Rent Can You Actually Afford
For most people, rent is either at the top or near the top of the list of most necessary expenses.
New Development
Sponsor Units – What Do NYC Apartment Buyers Need To Know About Them?
Sponsor units are builder or developer-owned apartments in condos and co-ops that can be sold by bypassing board approval requirements.
Downsizing in NYC – Strategies and Best Practices
Whether you rent or own your home in NYC, there comes a time when you have to upsize or downsize
What is New Development?
New development is usually a newly constructed or heavily renovated structure that is for sale directly by the developer responsible for the construction/renovation.
