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

What is the typical real estate lawyer fee in NYC for a purchase or sale transaction? Is the cost of a real estate attorney in NYC paid upfront or hourly?

Real Estate Lawyer Fees in NYC

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

The average real estate attorney fee for a purchase or sale transaction in NYC is $3,000 to $4,000. Lawyer fees can be as high as $5,000 for a more complex transaction and for new developments. There are also light-touch, discount [...]

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Rent to own is rare in NYC due to strict financial requirements by banks & co-ops around DTI ratios and post closing liquidity. However, it is possible.

How Does Rent to Own Work in NYC?

By Sonja Gosine, Spokesperson at Hauseit® / December 6, 2019

Rent to own is quite rare in NYC due to co-ops and banks having strict financial requirements around debt-to-income ratios and post closing liquidity. However, if a rent to own transaction were to happen, the tenant should have a high

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A typical co-op building in NYC will allow you to sublet your apartment for one or two years every few years. Coop subletting policies, rules and fees vary by building.

NYC Coop Sublet Policy Rules Fees

By Sonja Gosine, Spokesperson at Hauseit® / December 5, 2019

Almost all co-op apartments in NYC have subletting rules which apartment owners, also known as shareholders, must follow. A typical coop building in NYC will allow you to sublet your apartment for one or two years every few years. Most

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How to Buy an Apartment in NYC

By Sonja Gosine, Spokesperson at Hauseit® / November 30, 2019

This is a complete guide on how to buy an apartment in NYC, from doing an initial rent vs own analysis to what to expect on closing day. Jump to any section through our table of contents below, or read

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Should you rent or buy in NYC? Is renting cheaper than buying in NYC? How much are closing costs in NYC? Learn pros and cons of buying vs. renting in NYC.

Rent vs. Buy in NYC – Pros and Cons

By Sonja Gosine, Spokesperson at Hauseit® / November 29, 2019

Key advantages to buying vs. renting in NYC include building equity over time, benefitting from price appreciation, obtaining inexpensive leverage through a mortgage, saving money on rent, adding value through renovations and feeling a greater sense of security when it

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Condo house rules exist just like house rules exist for co-ops. Condos can be as strict as co-ops. Key differences include ROFR vs right of approval & more.

Are There Condo House Rules in NYC?

By Sonja Gosine, Spokesperson at Hauseit® / November 25, 2019

Yes, condo house rules exist just like house rules exist for co-ops. The original offering plan or bylaws typically authorize the condo board to create a reasonable set of rules and regulations for the building, typically concerning usage of the

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Manhattan real estate is expensive due to limited space, zoning rules, population density, high paying jobs, high construction costs and global demand.

Why Is Manhattan Real Estate so Expensive?

By Sonja Gosine, Spokesperson at Hauseit® / November 21, 2019

Manhattan real estate is expensive due to limited space, zoning rules, population density, accessibility of high paying jobs, high construction costs, safe haven demand and tourism. As a result, Manhattan is home to some of the most expensive real estate

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Sellers aren't required to do anything, but to access the MLS they'll need a listing agent who will be required to pay a buyer's agent commission.

Do I Have to Pay a Buyer’s Agent Commission?

By Sonja Gosine, Spokesperson at Hauseit® / November 15, 2019

No, sellers are not required to do anything, let alone pay commission to a buyer's agent. However, if sellers wish to list their home in the MLS, then they will need to work with a listing agent who will be

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High pressure sales tactics, dishonesty, passivity, un-responsiveness & a general lack of ethics are some of what to watch out for with real estate agents.

What to Watch out for with Real Estate Agents

By Sonja Gosine, Spokesperson at Hauseit® / November 14, 2019

The most important things when it comes to what to watch out for with real estate agents are high pressure sales tactics, dishonesty, passivity, lack of responsiveness, argumentativeness and a general lack of ethics. We'll discuss the classic signs that

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An inspection contingency is rare in NYC because buyers typically conduct inspections prior to contract execution. Sample inspection contingency & more.

Do Buyers Need an Inspection Contingency in NYC?

By Sonja Gosine, Spokesperson at Hauseit® / November 12, 2019

Buyers typically do not need an inspection contingency in NYC because home inspections are uncommon for condo and co-op apartment purchases, which make up the vast majority of the inventory in New York City. Furthermore, when inspections are done in

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