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

The fair market value of a NYC apartment is largely driven by recent sale comps within the same building. A buyer won't always agree to pay fair value.

What Is the Fair Market Value of My NYC Apartment?

By Sonja Gosine, Spokesperson at Hauseit® / January 6, 2020

The fair market value of a NYC apartment is largely driven by recent sale comps within the same building. If there are no sale comps in the building from the past year, the comps analysis must be broadened to include [...]

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Top Tips for Selling Your Home FSBO in NYC

By Sonja Gosine, Spokesperson at Hauseit® / January 6, 2020

So you’ve decided to list FSBO and refuse to be coddled, persuaded or tricked into paying the supposedly non-negotiable, typical 6% NYC real estate broker commission. To ensure your success, it's important you learn all the top tips for selling your home FSBO in NYC.

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Do you want buyers' agents to show your home when you're selling FSBO in NYC? We'll teach you how to properly cobroke your listing in your local interbroker database so you can formally offer commission to buyer brokers. You must co-broke and engage buyer's Realtors, otherwise your property is off market!

How to Cobroke FSBO in Your Local Interbroker Database in NYC

By Sonja Gosine, Spokesperson at Hauseit® / January 6, 2020

If you are selling FSBO in NYC but not listed in RLS, trying to co-broke with a buyer's agent can seem like a nightmare. Without being listed in NYC's Multiple Listing Service (RLS), most buyer's agents won't even see your

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Why new development listing agents are more strict about buyer agents attending showings, commissions being paid based off of net purchase price & more.

How Commissions Work for New Developments in NYC

By Sonja Gosine, Spokesperson at Hauseit® / January 6, 2020

There are generally more rules around how commissions are paid to buyer's agents for new development purchases in NYC, and sponsors are generally more strict in terms of requiring buyer's agents to register and/or attend showings with their clients. This

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Selling FSBO in NYC is a challenge that requires preparation & research. Here are 5 things you must do to succeed if you want to sell your home without an agent in NYC.

5 Things You Need to Do to Sell FSBO in NYC

By Sonja Gosine, Spokesperson at Hauseit® / January 6, 2020

Trying to sell your home FSBO in NYC can be a nightmare. After you list on Zillow you can expect to be inundated with hundreds of broker cold calls asking you to pay the typical 6% commission and list with their

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Sample New York Exclusive Right To Sell Listing Agreement

By Sonja Gosine, Spokesperson at Hauseit® / January 5, 2020

It's critically important for home owners to review a sample New York Exclusive Right To Sell Listing Agreement and understand the nuances of the obligations they are signing up for before agreeing to anything with a real estate listing broker. The

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Strategies to reduce your DTI when buying a NYC co-op include increasing your down payment, receiving a gift or applying with a guarantor or as a co-purchase.

How to Reduce Your DTI Ratio When Buying a NYC Co-op

By Sonja Gosine, Spokesperson at Hauseit® / January 3, 2020

Meeting the Debt-to-Income (DTI) ratio requirement for a NYC co-op apartment can seem like a daunting task. While not all New York City co-op boards are equally strict or rigorous when it comes to buyer financial requirements, it can feel

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No standard offer to purchase form in NYC. If used, submit offer templates will vary by brokerage firm. Template offer to purchase real estate form & more.

The Offer to Purchase Real Estate Form in NYC

By Sonja Gosine, Spokesperson at Hauseit® / January 3, 2020

The offer to purchase real estate form comes in various forms in New York, and can vary based on the brokerage firm. Furthermore, it's quite uncommon to see offer to purchase forms used in the first place, especially in NYC.

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Co-purchasing a co-op means being jointly responsible for all housing expenses, whereas a guarantor is only responsible for backstopping maintenance.

Co-Purchasing a Co-op vs Using a Guarantor in NYC

By Sonja Gosine, Spokesperson at Hauseit® / December 16, 2019

Both co-purchasing a co-op and utilizing a guarantor when buying a co-op are viable options for a buyer who has shaky finances that the co-op board might not otherwise approve of individually. It's important to understand that co-purchasers share joint

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New construction closing costs in NYC for buyers are 4% to 6%. New development closing costs include NYC & NYS Transfer Taxes and sponsor legal fees.

How Much Are New Construction Closing Costs in NYC?

By Sonja Gosine, Spokesperson at Hauseit® / December 9, 2019

New construction closing costs in NYC for buyers are 4% to 6% of the purchase price. A typical financed buyer on a new development condo purchase in NYC will pay closer to 6% in total closing costs. Buyer closing costs

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