Hauseit Blog | Tips for Buying, Selling and Renting in NY and FL

Post-NAR settlement, NYC buyer agent commissions have fallen slightly, but sellers still pay them. Listing agent commissions may increase.

NAR Settlement: Impact on NYC Real Estate Commissions

By Sonja Gosine, Spokesperson at Hauseit® / September 3, 2024

The recent NAR settlement does not prohibit NYC sellers from paying a buyer agent commission, meaning it doesn’t trigger immediate, sweeping changes to the brokerage commission model in NYC. Since the NAR settlement took effect on 8/17/24, it’s largely been [...]

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The NAR settlement does not prohibit sellers in NYC from paying a buyer agent commission, nor does it forbid buyer agent commission rebates.

NYC Buyer Agent Commission Rebates: NAR Settlement Impact

By Sonja Gosine, Spokesperson at Hauseit® / August 29, 2024

The landmark NAR commission lawsuit settlement in the Sitzer-Burnett case does not prohibit sellers in NYC from paying commission to a buyer’s agent, nor does it restrict buyers from saving money by receiving a commission rebate from their buyer’s agent.

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NYC condo and co-op buildings with 10 or fewer units pay significantly lower property taxes compared to buildings with 11 or more apartments.

Why Do Small NYC Condo Buildings Pay Lower Property Taxes?

By Sonja Gosine, Spokesperson at Hauseit® / June 25, 2024

An interesting quirk of NYC’s current property tax system is that homeowners in condo and co-op buildings with 10 or fewer units pay lower property taxes compared to unit owners in buildings with 11 or more apartments. In other words,

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Required Lease Disclosure Forms for NYC Residential Landlords

By Sonja Gosine, Spokesperson at Hauseit® / February 29, 2024

Residential landlords in NYC are required to include several mandatory disclosure forms when presenting tenants with a lease. These required disclosure forms pertain to lead-based paint, window guards, sprinkler systems, bedbug infestation history, flood history, indoor allergen hazards, gas leaks,

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A listing in NYC must be off market for 90 consecutive days in order for the days on market to reset according to REBNY rules.

How to Reset the Days on Market for a Listing in NYC

By Sonja Gosine, Spokesperson at Hauseit® / February 14, 2024

A listing in NYC must be off market for 90 consecutive days in order for the days on market to reset according to REBNY rules. However, relisting with a different brokerage without waiting the full 90 days often successfully results

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Buying a NYC new development condo? Negotiate price, closing costs, credits, alterations, freebies, purchase CEMA, deposit terms and more.

10 Negotiable Terms: Buying a NYC New Development Condo

By Sonja Gosine, Spokesperson at Hauseit® / February 9, 2024

Terms you can negotiate when buying a new development condo in NYC include the purchase price, sponsor closing costs, traditional buyer closing costs, additional credits, unit alterations, freebies like a storage cage, a Purchase CEMA to lower your Mortgage Recording

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A shocking, true story of a NYC co-op eviction gone wrong. One client's nightmare journey through legal battles and tenant turmoil!

NYC Eviction Process Nightmare – One Client’s Horrific Experience

By Sonja Gosine, Spokesperson at Hauseit® / February 2, 2024

In my decade-long career as a professional real estate broker in NYC, specializing in residential sales and rentals, I've seen my fair share of tough situations. But none quite as convoluted and draining as the eviction process nightmare my client

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What are the pros & cons of AirBnB vs renting out your property? What short-term rental laws to look out for, tax advantages & more.

Airbnb vs Renting Out – Which is Better?

By Sonja Gosine, Spokesperson at Hauseit® / January 31, 2024

If you're leaning towards a more hands-off approach, traditional renting is the way to go. It's straightforward, less time-consuming, and offers steady, passive income. On the flip side, Airbnb can be quite lucrative if you're up for the hustle. But

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What Are the Disadvantages of an LLC for Rental Property?

By Sonja Gosine, Spokesperson at Hauseit® / January 12, 2024

LLCs for rental properties offer limited liability protection but come with disadvantages like financial complexity, higher financing costs, intricate tax implications, transferability challenges, potential tenant relationship issues, and varying state-specific legal considerations. From my 10 years of experience as a

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Cons of buying a new construction condo in NYC include higher closing costs, year two increases in property taxes and unfinished amenities.

What Are the Cons of Buying a New Construction Condo in NYC?

By Sonja Gosine, Spokesperson at Hauseit® / January 11, 2024

Key disadvantages of buying a new construction condo in NYC include higher closing costs, year two increases in property taxes, post-closing restrictions on renting or selling and the possibility that building amenities and common areas may not be completed by

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