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

No purchase applications, condo boards or petty neighbors with a townhome. No dealing with building maintenance with a condo. Townhome vs condo explained.

Townhome vs Condo – Which Is Better in NYC?

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

A townhome is preferable if you don’t want to deal with petty neighbors or a condo board, and you’re comfortable with managing a building. A condo is a better idea if you don’t wish to deal with building maintenance and [...]

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Seller closing costs in NYC are between 8% to 10% of the sale price. Closing costs include a 6% broker fee, NYC Transfer Taxes of 1.4% to 1.825% and legal fees.

How Much Are Seller Closing Costs in NYC?

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

Seller closing costs in NYC are between 8% to 10% of the sale price. Seller closing costs are usually higher for co-ops than condos because most co-ops charge sellers a flip tax. Closing costs include a 6% broker fee, NYC

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3-6 reference letters per applicant. Ask for references as soon as you have a signed contract. NYC co-op board package reference letter samples & tips.

NYC Coop Board Package Reference Letter Samples and Tips

By Sonja Gosine, Spokesperson at Hauseit® / January 10, 2019

A typical NYC co-op board application will require three to six personal and professional reference letters per applicant. It’s important to ask for these reference letters as soon as you have a fully executed purchase contract. As a precaution, you

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Hauseit explains how you can reduce or eliminate the typical NYC real estate commission.

What’s the Typical Real Estate Commission in NYC?

By Sonja Gosine, Spokesperson at Hauseit® / January 8, 2019

The typical real estate commission in NYC is 5% to 6% of the sale price. Broker commissions are the highest seller closing cost in New York City. While commissions have been steadily falling in other parts of the country for

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What Qualifies as a Legal Bedroom in NYC?

By Sonja Gosine, Spokesperson at Hauseit® / January 8, 2019

A legal bedroom in NYC must have minimum dimensions of 8 feet on either side, including a minimum ceiling height of 8 feet and must be at least 80 square feet in size. Furthermore, a legal bedroom must have at

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Co op Rules and Regulation in NYC

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

Co op rules and regulations in NYC can be extremely onerous for residents. Since owners of co-op apartments are technically tenants vs owners of real property, the board of the co-op corporation which actually owns the building has enormous power

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Land lease buildings are known to trade at a discount because of the uncertainty associated with lease renewals. But what happens when a land lease expires?

What Happens When a Land Lease Expires?

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

If a land lease expires without being successfully renewed, then the land and everything built upon the land reverts back to the landowner. This means the condo or co-op building and everything else attached to the land belongs to the

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Why are commission rebates not more common in NYC? What are some common reasons why most real estate agents refuse to give buyer rebates?

Why Do Real Estate Agents Not Give Commission Rebates in NYC?

By Sonja Gosine, Spokesperson at Hauseit® / January 3, 2019

The vast majority of real estate agents do not give commission rebates in NYC because customers who demand rebates are generally more difficult to work with, and because buyers can re-negotiate the rebate amount and fire the buyer agent at

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What is the purpose of an Aztech Recognition Agreement and why do you need one in order to get a loan for your co-op apartment purchase in NYC?

What is an Aztech Recognition Agreement?

By Sonja Gosine, Spokesperson at Hauseit® / January 3, 2019

An Aztech Recognition Agreement or an Aztech form is a tri-lateral contract between the buyer of a co-op, the buyer’s bank and the co-op corporation that is required if a buyer wishes to purchase a coop apartment with financing. The

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Tips for Seeing a Home Without an Agent

By Sonja Gosine, Spokesperson at Hauseit® / November 28, 2018

Seeing a home without an agent at all is usually impossible as the seller’s agent will need to be present to supervise the viewing. However, you can get away with seeing a house without a buyer’s agent in most cases.

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