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

Can the seller pay closing costs on behalf of the buyer in a transaction? Yes, but sellers will prefer more predictable expenses like the NYC Mansion Tax.

Can the Seller Pay Closing Costs in a Real Estate Deal?

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

Yes, the seller can pay closing costs on behalf of the buyer in a real estate deal. Concessions by the seller are fairly normal in a soft market. Sellers may advertise a closing cost concession on their listing description, though [...]

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Managing agent responsibilities in NYC include building maintenance, paying bills, complying with regulations, maintenance insurance and handling complaints.

Condo & Co-op Managing Agent Responsibilities in NYC

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

Having a reliable and effective managing agent is an essential requirement for the smooth operation of mid-size and large co-op and condo buildings in NYC. The responsibilities of building management include building maintenance, regulatory compliance monitoring, procuring and maintaining insurance

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Buying a townhome in NYC means no board approval or interviews, no application and move-in fees. Lower monthly charges. Difficulties with property tax disputes.

The Complete Guide to Buying a Townhome in NYC

By Sonja Gosine, Spokesperson at Hauseit® / February 11, 2019

Buying a townhome in NYC means total privacy and freedom from nosy neighbors and even nosier condo or co-op boards. You won’t have to get approval to buy or sell, you won’t have to pay silly fees to the board

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Co-op Square Footage in NYC

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

Co-op square footage in NYC is a controversial topic for buyers, sellers and brokers. This is because the vast majority of co-op apartments for sale do not have official square footage figures listed in the building’s original offering plan. Because

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The cost of gut renovating a typical bathroom in NYC is between $20,000 to $50,000. A bathroom gut renovation is a stressful and time-consuming project.

How to Renovate a Bathroom in NYC

By Sonja Gosine, Spokesperson at Hauseit® / January 31, 2019

The cost of gut renovating a typical bathroom in NYC is between $20,000 to $50,000. A bathroom gut renovation is a stressful and time-consuming project. To make matters worse, there isn’t always a correlation between how much you pay a

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A Letter of No Objection in NYC is used to verify the legal use of a property built before January 1st, 1938 which does not have a DOB Certificate of Occupancy.

What Is a Letter of No Objection in NYC Real Estate?

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

A Letter of No Objection in NYC is used to verify the legal use of a building constructed before January 1st, 1938 which does not have a Certificate of Occupancy on file with the DOB. Properties built in NYC prior

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Buyer closing costs in NYC are 1.5% to 6%. Buyer closing costs are higher for condos than co-ops. New developments have the highest closing costs.

How Much Are Buyer Closing Costs in NYC?

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

Buyer closing costs in NYC are between 1.5% to 6% of the purchase price. Buyer closing costs are higher for condos vs. co-ops, and closing costs are the highest for new developments (also known as sponsor units). The largest buyer

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The Best Sell Your Home Yourself Websites of 2019

By Sonja Gosine, Spokesperson at Hauseit® / January 23, 2019

The best sell your home yourself websites of 2019 are Zillow and Craigslist on a national level, and The New York Times and StreetEasy on a local New York City level. Realtor.com is also a close runner up on a

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FSBO sellers and unrepresented buyers should considering hiring a virtual assistant for the grunt work. List of the best virtual assistant websites to consider.

The Best Virtual Assistant Websites

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

Buying or selling real estate takes a lot of work, especially if you’re looking to do it on your own without the assistance of a traditional real estate agent. We recommend FSBO sellers and unrepresented buyers check out our list

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Typical co-op buyer financial requirements in NYC include 20% down, a debt-to-income ratio between 25% to 35% and 1 to 2 years of post-closing liquidity.

NYC Co-op Financial Requirements

By Sonja Gosine, Spokesperson at Hauseit® / January 17, 2019

Typical co-op buyer financial requirements in NYC include 20% down, a debt-to-income ratio between 25% to 35% and 1 to 2 years of post-closing liquidity. Debt-to-income is a measure of what percentage of your income goes towards housing expenses (mortgage

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