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

When do I have to give notice via a non-renewal lease letter? Who must give notice? Sample letter to tenant & letter to landlord & more.

The Non-Renewal Lease Letter Explained

By Sonja Gosine, Spokesperson at Hauseit® / June 1, 2022

In some states, cities and/or counties, there are housing laws that require a certain notice period to notify the other party in a lease agreement of your intent to not renew the lease. Typically, when such regulations exist, it falls [...]

The Non-Renewal Lease Letter Explained Read More »

NYC homeowners who pay less than $8k in annual property taxes on homes worth $1 million or more will likely face higher tax bills.

Will NYC Property Tax Reform Raise Your Taxes?

By Sonja Gosine, Spokesperson at Hauseit® / May 31, 2022

NYC property tax reform is on the horizon. The current system, which was enacted in 1981, has been derided by critics as being overly complex and unfair. In particular, 1-3 family homes receive much more favorable tax treatment compared to

Will NYC Property Tax Reform Raise Your Taxes? Read More »

NYC penthouse buyer closing costs range from 3% to 6% of the purchase price. Buyer closing costs are lower for all-cash transactions in NYC.

How Much Are Buyer Closing Costs for a Penthouse in NYC?

By Sonja Gosine, Spokesperson at Hauseit® / May 31, 2022

Penthouse buyer closing costs in NYC range from 3% to 6% of the apartment purchase price. Expect to pay between 3% to 4% if you’re paying cash and 5% to 6% if you’re financing. Buyer closing costs are higher for

How Much Are Buyer Closing Costs for a Penthouse in NYC? Read More »

What is New York's Reasonable Modification and Accommodation Law? Who needs to comply? When do notices need to be sent? Sample notice & more.

New York Reasonable Modification and Accommodation Law

By Sonja Gosine, Spokesperson at Hauseit® / May 31, 2022

New York has a new notice and disclosure requirement to tenants that landlords and real estate agents must comply with as of May 2022. The purpose of this new regulation is to make sure tenants with disabilities understand their rights

New York Reasonable Modification and Accommodation Law Read More »

Getting a buyer agent commission rebate in NYC is as simple as working with a buyer’s broker who will rebate a portion of the commission paid by the seller.

How Do I Get a Buyer Agent Rebate in NYC?

By Sonja Gosine, Spokesperson at Hauseit® / May 28, 2022

Congratulations on getting this far. Most home buyers in NYC are not even aware that they can save money and reduce their buyer closing costs by legally receiving a buyer agent commission rebate. Getting a buyer agent commission rebate in NYC

How Do I Get a Buyer Agent Rebate in NYC? Read More »

Pros of buying a NYC penthouse include views, privacy and exclusivity. Cons include roof leaks and potential loss of views from future construction.

What Are the Pros and Cons of Buying a Penthouse in NYC?

By Sonja Gosine, Spokesperson at Hauseit® / May 11, 2022

Pros of buying a NYC penthouse include superior views and light, substantial outdoor space, tall ceilings, premium finishes, privacy, fewer neighbors, prestige and less noise. Cons of buying a penthouse include higher pricing, potential loss of views from future construction,

What Are the Pros and Cons of Buying a Penthouse in NYC? Read More »

Legality of buyer rebates in Florida. Asking the buyer's agent vs seller's agent for a rebate. Mechanism for payment of rebate & more.

How to Get a Buyer Agent Commission Rebate in Miami

By Sonja Gosine, Spokesperson at Hauseit® / May 11, 2022

Buyer agent commission rebates, also colloquially known as buyer broker rebates, buyer rebates, buyer closing credits, buyer commission credits, home buyer rebates, Realtor rebates or buyer agent rebates, aren't something most home buyers in Miami or Florida generally know much

How to Get a Buyer Agent Commission Rebate in Miami Read More »

The REBNY RLS Universal Co-Brokerage Agreement governs the behavior of member agents of the Real Estate Board of New York (REBNY).

What Is the REBNY RLS Universal Co-Brokerage Agreement (UCBA)?

By Sonja Gosine, Spokesperson at Hauseit® / May 9, 2022

The REBNY RLS Universal Co-Brokerage Agreement (UCBA) governs the behavior of member agents of the Real Estate Board of New York (REBNY) with respect to listings advertised in the RLS (REBNY Listing Service). The UCBA does not apply to new

What Is the REBNY RLS Universal Co-Brokerage Agreement (UCBA)? Read More »

Political risk in NYC real estate is the threat of new legislation being enacted after you buy which increases risk and limits long-term returns.

What Is Political Risk in NYC Real Estate?

By Sonja Gosine, Spokesperson at Hauseit® / May 3, 2022

Political risk in NYC real estate is the threat of new legislation being enacted after you buy which increases risk and limits long-term limits long term appreciation, yield and total return potential. Political risk for property owners is an omnipresent

What Is Political Risk in NYC Real Estate? Read More »

Purchaser Rider to Contract of Sale in New York

By Sonja Gosine, Spokesperson at Hauseit® / April 30, 2022

Once you have an accepted offer in New York, it's customary for the seller's attorney to send a draft contract to the buyer's attorney to review and negotiate. Typically both sides will have a custom rider to the standard contract

Purchaser Rider to Contract of Sale in New York Read More »