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.
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 ACRIS?
ACRIS allows buyers, property owners, brokers, and attorneys to look at and gain insights from property documents like deeds and mortgage records.
Written by: Brett Ari Fischer - The New York City Broker
What Is An Appraisal?
Property appraisal is the process of evaluating a property to determine its fair price in the current market. It’s performed by third-party professionals called appraisers.
Written by: Brett Ari Fischer - The New York City Broker
What Do You Need To Know About Permits Before Renovating Your NYC Apartment?
Depending on the renovation you are planning, you may need to secure a permit before you can hire a contractor to perform the necessary work.
Written by: Brett Ari Fischer - The New York City Broker
Liens On Properties: What Do Buyers And Sellers Need To Know About It?
A property in NYC can have several different types of liens, and until these liens are paid off or settled, it will be very difficult for the property owner to sell that property.
Written by: Brett Ari Fischer - The New York City Broker
What Is An Exclusive Listing?
An exclusive listing in NYC is when only one broker has the exclusive rights to list and market a property. This gives them the surety of earning the commission.
Written by: Brett Ari Fischer - The New York City Broker
