Sonja Gosine, Spokesperson at Hauseit®

Buying a home? There is no guarantee that your contract deposit being held in escrow on a real estate transaction is FDIC insured. Learn why.

Is Your Real Estate Contract Deposit FDIC Insured?

By Sonja Gosine, Spokesperson at Hauseit® / April 7, 2023

There is no guarantee that your contract deposit being held in escrow during a home purchase is FDIC insured. Whether your deposit is fully insured, partially insured or uninsured depends on the size of your escrow deposit and whether you [...]

Is Your Real Estate Contract Deposit FDIC Insured? Read More »

The step-up in basis for real estate allows real estate investors & their heirs to benefit from reduced income & capital gains taxes.

The Step-Up in Basis for Real Estate Explained

By Sonja Gosine, Spokesperson at Hauseit® / April 4, 2023

The step-up in basis in real estate is an important tax provision that applies to real estate and other assets transferred at death. It allows heirs to receive inherited property with a new basis that is equal to the fair

The Step-Up in Basis for Real Estate Explained Read More »

The only way to immediately reset your home’s days on market in the OneKey MLS to zero is by listing with a different brokerage. If you continue working with your existing listing agent, the day count may only reset if the listing is withdrawn or canceled and remains off the market for at least 60 days.

How to Reset Your Listing’s Days on Market on the OneKey MLS

By Sonja Gosine, Spokesperson at Hauseit® / March 29, 2023

The only way to immediately reset your home’s days on market to zero on the OneKey MLS is by listing with a different brokerage. There is no requirement for you to be off market for any number of days before

How to Reset Your Listing’s Days on Market on the OneKey MLS Read More »

Do liens have an expiration date or do they stay on a house forever? Mechanic's liens vs tax liens, how to remove a lien & more.

How Long Does a Lien Stay On Your Property?

By Sonja Gosine, Spokesperson at Hauseit® / March 27, 2023

Contrary to what you might expect, most liens will expire after a certain amount of time, from 1 year for mechanic's liens in some states to unlimited for property tax and common charge liens until the debt is paid off.

How Long Does a Lien Stay On Your Property? Read More »

What does cap rate mean for rental properties? Cap rate definition, examples, calculator, exact formula and more in plain English.

Cap Rate Real Estate

By Sonja Gosine, Spokesperson at Hauseit® / March 22, 2023

Cap rate is an important metric used by real estate investors to compare investment returns between different rental properties, before income taxes and any potential financing. Essentially, cap rate can be calculated by dividing the net operating income of a

Cap Rate Real Estate Read More »

Verbal offers in NYC are rarely taken seriously, and they can actually harm your negotiating position and reduce your odds of doing a deal.

The Truth About Verbal Offers in NYC Real Estate

By Sonja Gosine, Spokesperson at Hauseit® / March 20, 2023

You may be tempted to submit a verbal offer if you’re buying a property in NYC. As tempting as it may be, please don’t take the bait. Verbal offers in NYC are rarely taken seriously, and they can actually harm

The Truth About Verbal Offers in NYC Real Estate Read More »

Cash on Cash Return

By Sonja Gosine, Spokesperson at Hauseit® / March 15, 2023

Cash on cash return, cash on cash yield and cash on cash ROI (return on investment) all mean the same thing: what percent of your actual cash investment do you get back every year. More specifically for cash on cash

Cash on Cash Return Read More »

Submitting a lowball offer in NYC is a high risk, low reward strategy. Think twice before submitting a lowball offer on your dream home.

Think Twice Before Submitting a Lowball Offer In NYC

By Sonja Gosine, Spokesperson at Hauseit® / March 14, 2023

Many home buyers in NYC are enamored by the idea of submitting a lowball offer and buying a property below market value. While this makes for a compelling fantasy, it’s largely detached from reality. A NYC homeowner is unlikely to

Think Twice Before Submitting a Lowball Offer In NYC Read More »

Pros & cons of putting your house in a trust. Tax benefits, possibility of avoiding the estate tax, revocable vs irrevocable trusts & more.

Should You Put Your House in a Trust?

By Sonja Gosine, Spokesperson at Hauseit® / March 14, 2023

Whether putting your house in a trust is a good idea depends a good deal on your personal circumstances. For example, one of the primary benefits of putting a house in a trust is to avoid probate upon your death.

Should You Put Your House in a Trust? Read More »

How long is an appraisal for a conventional mortgage good for? What about VA & FHA loans? What happens if an appraisal expires before closing?

How Long Is an Appraisal Good For?

By Sonja Gosine, Spokesperson at Hauseit® / March 9, 2023

You're in the process of purchasing a home with financing, and your lender has ordered and completed an appraisal which you paid for. How long is this appraisal good for? If you don't close fast enough, will you have to

How Long Is an Appraisal Good For? Read More »