Articles
For Buyers
How To Research An Apartment Purchase Online?
Even if you plan on working with a buyer’s agent when searching for an apartment to buy, there are several
How Do You Win A Bidding War When You Are Buying In NYC?
Bidding wars are common in a seller’s market when there are fewer properties and a lot of buyers. A bidding
An NYC Buyer’s Guide To Mortgage Pre-Approval
Mortgage pre-approval is the conditional commitment of a lender to issue a mortgage loan to a potential buyer, making them more attractive to sellers.
For Sellers
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.
What Is A Gut Renovation?
Compared to partial or cosmetic renovations, a gut renovation project can be costly, challenging, and time-consuming, but it allows you to recreate your home interior almost from scratch.
For Renters
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.
Is It Legal To Get A Roommate In NYC?
While it’s legal to get a roommate in NYC, there are certain stipulations attached to this right. The state and city
Rent-To-Own: What It Is And How It Works In NYC
Rent-to-own can be an amazing option for people who want to make a move from renting to buying but still need time to save enough money or build credit.
New Development
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 A Certificate of Occupancy (C of O)?
In NYC, a Certificate of Occupancy is issued by the Department of Buildings and determines the use and occupancy status of a building. Read on to find out more.
What Is A Mortgage Recording Tax?
Property buyers in NYC need to pay a Mortgage Recording Tax when taking out a mortgage to buy a property or refinance an existing property.
