What Is A Condop?
Condops are co-ops with commercial properties in which residential units are combined in a co-op while commercial units retain the freedom of condos.
Written by: Brett Ari Fischer - The New York City Broker
The Process Of Buying A Townhouse Or Single-Family In NYC
A townhouse or single-family offers more privacy and control, but it comes with its own sets of challenges and problems that you should be aware of.
Written by: Brett Ari Fischer - The New York City Broker
What You Need To Know About NYC Real Estate Contract Contingencies
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.
Written by: Brett Ari Fischer - The New York City Broker
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.
Written by: Brett Ari Fischer - The New York City Broker
What Are Inspections?
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.
Written by: Brett Ari Fischer - The New York City Broker
HOAs vs. Common Charges vs. Real Estate Taxes
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.
Written by: Brett Ari Fischer - The New York City Broker
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.
Written by: Brett Ari Fischer - The New York City Broker
What Is A Condo Questionnaire?
A condo questionnaire is a document used by mortgage lenders to assess condominium buildings a prospective borrower is trying to buy a condo in.
Written by: Brett Ari Fischer - The New York City Broker
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.
Written by: Brett Ari Fischer - The New York City Broker
