As a buyer, you need to know all about the contingencies you can add to your real estate contract to give you an easy way out, as well as when you might need to waive them.
All the buildings in NYC built in the last century can be divided into pre-war buildings and post-war buildings, based on whether they were built before or after the Second World War.
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.
Long Island City had the honor of being an independent city for about three decades before it became part of New York City in 1898.
An inspection is an assessment of the property’s condition done by a licensed professional in which they aim to identify any problems with the property.
HOA fees and condo common charges are paid to the managing bodies responsible for the community, while property taxes are paid to the city government.
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.
When you are buying an apartment in NYC, it’s important to see if it’s in a flood zone. This may require you to buy flood insurance and increase your homeownership cost.
A flip tax is a transfer fee (usually between 1% and 3%) that co-op sellers have to pay when selling their apartments.
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1211 6th Ave 29th Floor NY, NY 10036 © 2014 Brett Ari Fischer – The New York City Broker. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE, THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. EQUAL HOUSING OPPORTUNITY.
