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

The terms ‘under contract’, ‘pending’ and ‘contingent’ in real estate are often used interchangeably, but they have slightly different meanings in some areas.

Contract vs. Pending vs. Contingent in Real Estate: What’s the Difference?

By Sonja Gosine, Spokesperson at Hauseit® / November 19, 2022

The phrases ‘under contract’, ‘pending’ and ‘contingent’ in real estate are often used interchangeably, but they have slightly different meanings in some areas. All of these terms signify that a home has an accepted offer and there is a fully [...]

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A transaction broker provides a limited form of representation to a buyer, a seller, or both in a real estate transaction but does not represent either in a fiduciary capacity.

What is a Transaction Broker in Florida Real Estate?

By Sonja Gosine, Spokesperson at Hauseit® / November 17, 2022

A transaction broker provides a limited form of representation to a buyer, a seller, or both in a real estate transaction but does not represent either in a fiduciary capacity. A transaction broker is the default agency relationship status for

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A satisfaction of mortgage is an official notarized document that's publicly recorded after a borrower pays off the mortgage. Sample & more.

What is a Satisfaction of Mortgage?

By Sonja Gosine, Spokesperson at Hauseit® / November 13, 2022

A satisfaction of mortgage is an official document that is recorded in county public records to release a lender's lien from a property after a mortgage has been paid off. The satisfaction of mortgage is an official document that is

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Mortgage rates above 7%, a coming wave of job losses, an unprecedented run-up in home equity, and inflation everywhere. Where does this lead?

Housing Market Predictions for 2023

By Sonja Gosine, Spokesperson at Hauseit® / November 10, 2022

The US housing market faces significant headwinds in 2023 due to a confluence of factors ranging from mortgage rates above 7%, increasing layoffs as we see more than just a technical recession, a run-up in home equity over the past

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Students are not a protected class under NYC, NYS or federal fair housing laws. However, a student may fall under other protected classes such as age and familial status.

Are Students a Protected Class in NYC Real Estate?

By Sonja Gosine, Spokesperson at Hauseit® / November 7, 2022

Students are not a protected class under NYC, NYS or federal fair housing laws. This may come as a surprise since NYC has the strictest fair housing laws in the country. However, students in NYC may fall under other protected

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NYC affordable housing lotteries are available for qualifying households with incomes up to $255,420. Learn how to apply.

How to Apply for a NYC Affordable Housing Lottery

By Sonja Gosine, Spokesperson at Hauseit® / November 2, 2022

Affordable housing opportunities are available throughout all five boroughs of NYC. These programs are designed for lower and middle income individuals, but the income limits can be surprisingly high for certain lotteries. Affordable housing opportunities in NYC include both rental

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The Alternative Veterans Exemption is a primary residence property tax discount in New York for veterans and eligible family members.

What is the NY Alternative Veterans Property Tax Exemption?

By Sonja Gosine, Spokesperson at Hauseit® / October 13, 2022

The Alternative Veterans Exemption is a primary residence property tax discount in New York for veterans and eligible family members. You must meet veteran status, residency and ownership requirements to qualify. The Alternative Veterans Exemption reduces your home’s assessed value

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The NYC Disabled Homeowners’ Exemption (DHE) is a property tax break of 5% to 50% for disabled New Yorkers with annual income up to $58,399.

What Is the NYC Disabled Homeowners’ Property Tax Exemption?

By Sonja Gosine, Spokesperson at Hauseit® / October 5, 2022

The NYC Disabled Homeowners’ Exemption (DHE) is a property tax break of 5% to 50% for the primary residence of disabled New Yorkers with annual income of $58,399 or less. The tax break applies to condos, co-ops as well as

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What is the Right of First Refusal in real estate? How does a Right of First Refusal work in NYC and is it ever used? What does a sample waiver look like?

How Does a Right of First Refusal Work in NYC Real Estate?

By Sonja Gosine, Spokesperson at Hauseit® / September 24, 2022

A Right of First Refusal is a typical procedure in a Condominium's By-Laws which allows the condominium corporation to purchase an apartment at the same terms as a prospective buyer who has already signed a contract to purchase a unit.

How Does a Right of First Refusal Work in NYC Real Estate? Read More »

The Florida home insurance market is on the verge of collapse due to insurer bankruptcies and exits from the Florida market. Learn why.

Why Is Home Insurance So Expensive in Florida?

By Sonja Gosine, Spokesperson at Hauseit® / September 23, 2022

It's a common experience for homeowners in Florida to become shocked when they hear from their insurance company that their policy won't be renewed, or that the renewal rate will be multiples of what they paid the prior year. We'll

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