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

Condemned house meaning. Explore the intricacies of buying, restoring or demolishing condemned houses. Challenges & opportunities explained.

What is a Condemned House?

By Sonja Gosine, Spokesperson at Hauseit® / June 29, 2023

The world of real estate is filled with opportunities, and one such opportunity that often stirs up intrigue is the prospect of buying a condemned house. These properties, often marked by signs of disrepair and neglect, are typically deemed uninhabitable [...]

What is a Condemned House? Read More »

Demystify normal wear and tear in real estate, learn to navigate landlord-tenant expectations and safeguard your security deposit.

What Is Normal Wear and Tear?

By Sonja Gosine, Spokesperson at Hauseit® / June 26, 2023

The Art of Understanding 'Normal Wear and Tear' in the Real Estate Landscape In the intricate dance of landlord-tenant relationships, one phrase echoes through the hallways of residential properties: "normal wear and tear." This term, often embedded in lease agreements,

What Is Normal Wear and Tear? Read More »

Gross Rent Multiplier formula. GRM vs cap rate. Gross rent multiplier calculator examples. Similarity to Price-to-Sales multiple & more.

Gross Rent Multiplier Explained

By Sonja Gosine, Spokesperson at Hauseit® / June 22, 2023

Decoding the Gross Rent Multiplier: A Comprehensive Guide for Real Estate Investors The world of real estate investing is filled with various metrics and measures, each serving a unique purpose in the evaluation of potential investment opportunities. One such metric,

Gross Rent Multiplier Explained Read More »

What is the Warrant of Habitability when it comes to apartments in New York? Rights, restrictions, process, rent deductions & more explained.

The Warrant of Habitability in New York Explained

By Sonja Gosine, Spokesperson at Hauseit® / June 20, 2023

In the bustling metropolis of New York City, finding a suitable apartment for rent can be a daunting task. The process involves multiple steps, including property searches, application completion, rent negotiation, and obtaining renter's insurance. However, one crucial aspect that

The Warrant of Habitability in New York Explained Read More »

Buyer and seller pay specific closing costs in NYC. Sellers pay NYC & NYS Transfer Taxes and buyers pay Mansion & Mortgage Recording Taxes.

Who Pays Real Estate Closing Costs in NYC?

By Sonja Gosine, Spokesperson at Hauseit® / June 19, 2023

Both buyer and seller are responsible for certain closing costs on a New York City real estate transaction. Neither party absorbs all closing costs, but sellers generally pay the most in closing costs since they customarily pay a 6% broker

Who Pays Real Estate Closing Costs in NYC? Read More »

How to Become a Real Estate Developer

By Sonja Gosine, Spokesperson at Hauseit® / June 16, 2023

The journey to becoming a real estate developer is one that is filled with both challenges and rewards. It is a profession that requires a unique blend of skills, including a keen understanding of the real estate market, a solid

How to Become a Real Estate Developer Read More »

What is a Spec Home?

By Sonja Gosine, Spokesperson at Hauseit® / June 15, 2023

Spec homes, short for speculative homes, are a unique segment of the real estate market. These homes are built by developers who are "speculating" that buyers will be interested in purchasing the house once it's completed. The term spec home

What is a Spec Home? Read More »

Common factors that can disqualify you from renting an apartment, from bad credit, gaps in your rental history, negative/no references & more.

What Can Disqualify You From Renting an Apartment?

By Sonja Gosine, Spokesperson at Hauseit® / June 6, 2023

Applying for an apartment can often be a challenging and tedious process. It's crucial to have a thorough understanding of what landlords typically search for in potential tenants. Knowledge of the qualifications and factors that might negatively impact your application

What Can Disqualify You From Renting an Apartment? Read More »

How to Rent Out Your House

By Sonja Gosine, Spokesperson at Hauseit® / June 5, 2023

If you've never been a landlord before, it may seem overwhelming to rent out your home for the first time. However, we'll show you in this article that it's actually quite straightforward, with step-by-step advice on how to get started.

How to Rent Out Your House Read More »

Yes, a seller can credit a buyer for repairs, which is much easier than actually completing repairs before or after closing with escrow.

Can a Seller Credit a Buyer for Repairs?

By Sonja Gosine, Spokesperson at Hauseit® / June 2, 2023

Yes, a seller can credit a buyer for repairs. In fact, receiving a monetary credit in lieu of actual repairs is the most expedient and common outcome during real estate transactions. Often times, a buyer will discover broken items in

Can a Seller Credit a Buyer for Repairs? Read More »