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

Comprehensive guide on the J-51 tax abatement and what buyers should look out for. How to verify and calculate J51 benefits, expiration and more.

Buying an Apartment with a J-51 Tax Abatement

By Sonja Gosine, Spokesperson at Hauseit® / March 13, 2019

The J-51 tax abatement is one of the most misunderstood tax abatements when it comes to buying an apartment. Not only is it more rare to find in condos and co-op apartments for sale, its very complexity tends to tie [...]

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Factors for deciding when to buy a home include interest rates, monthly housing supply, average days on market and numerous local factors.

The Complete Guide on When to Buy a Home

By Sonja Gosine, Spokesperson at Hauseit® / March 7, 2019

No one knows when to buy a home just like no one can predict the movement of the stock market. With that said, the real estate market is slower moving and buyers can watch for signs like low interest rates,

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Is Buying a House Worth It?

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

Buying a house is worth it if you have enough savings for a down payment plus closing costs, and rates are low enough such that your all in housing expenses are roughly the same or less than what you’re paying

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The complete guide to real estate’s various titles and license types. We’ll explain the difference between broker vs Realtor vs agent and more.

Broker vs Realtor – What’s the Difference?

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

A Realtor is always a broker1 or agent because being licensed is a requirement for being a Realtor, but a broker may not always be a Realtor. That’s because Realtor is a trademarked, made up title used by real estate

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Difficult home buyers will re-negotiate after an accepted offer, demand sellers to stop further showings, ask the seller to make repairs and more.

The Authoritative Guide to Dealing with Difficult Home Buyers

By Sonja Gosine, Spokesperson at Hauseit® / March 4, 2019

Difficult home buyers are a dime a dozen in real estate. You’ll encounter difficult house buyers who will want to re-negotiate the price after you’ve accepted their offer, who will demand that you stop showing the apartment, who will try

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A first time condo buyer in NYC faces many challenges. Square footage isn’t measured uniformly, nor are property taxes. You can get the buyer agent commission.

Tips for a First Time Condo Buyer in NYC

By Sonja Gosine, Spokesperson at Hauseit® / February 27, 2019

Buying a condo in NYC may seem easy, but a first time condo buyer in NYC faces many challenges and pitfalls that can be extremely costly down the road. For example, did you know that both property tax figures and

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Selling and Buying a House at the Same Time

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

Selling and buying a house at the same time is no easy feat, especially if you need the proceeds from the sale of your existing home in order to afford your new place. Make your life easier by working with

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Sample Co-op Tax Deduction Letter

By Sonja Gosine, Spokesperson at Hauseit® / February 22, 2019

Co-op owners in NYC (also known as shareholders) typically receive an annual co-op tax deduction letter in the mail each year which specifies how much of a tax deduction each owner can take on their personal income tax returns. This

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How to Find an Apartment in NYC

By Sonja Gosine, Spokesperson at Hauseit® / February 18, 2019

Finding an apartment to buy is easier than finding an apartment to rent in NYC because listings are exclusively listed by the seller’s representative, whereas the rental market is rife with multiple open listings by many brokers marketing the same

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A rent roll in NYC real estate is a summary of a property’s rental income streams. A rent roll also shows net operating income, the cap rate and maturity dates.

What Is a Rent Roll in NYC Real Estate?

By Sonja Gosine, Spokesperson at Hauseit® / February 18, 2019

A rent roll in NYC real estate is a summary of a property’s rental income streams. The purpose of a rent roll is to help a prospective buyer calculate various real estate valuation metrics, such as the Net Operating Income

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