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
What Is A Capital Gains Tax?
When selling a property (an asset) for a profit, you will have to pay capital gains tax, the amount of which is determined by several factors.
Written by: Brett Ari Fischer - The New York City Broker
Air Rights – What Are They?
Air Rights or development rights refer to the building/selling rights a lot owner in NYC has for the maximum buildable area they haven’t utilized yet.
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 HVAC?
An HVAC system is responsible for circulating hot and cold air inside a building and maintaining the indoor temperature at comfortable levels.
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 NYC Property Sellers Need To Know About Virtual Tours
Virtual tours are a great way to create a reusable digital tour of your property that potential buyers can take advantage of from the comfort of their homes.
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
