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

A buyer agent commission rebate can cover your closing costs and more; however, there are significant drawbacks to be aware of.

Getting a Buyer Agent Commission Rebate Explained

By Sonja Gosine, Spokesperson at Hauseit® / October 18, 2018

A buyer agent commission rebate can cover your closing costs and more; however, there are significant drawbacks to be aware of. If not done right, a rebate can jeopardize your transaction and antagonize the seller, listing agent or both. You’ll [...]

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A post-closing REBNY coop financial statement is a common requirement for co-op board applications in NYC. It shows your assets and liabilities upon closing.

What Is a Post-Closing REBNY Coop Financial Statement?

By Sonja Gosine, Spokesperson at Hauseit® / October 18, 2018

A post-closing REBNY coop financial statement is a common requirement for co-op board applications in NYC. The post-closing financial statement is your pre-closing financial statement with three changes: add your purchase price to real estate under assets, remove the contract

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Lowering Home Price vs Increasing Broker Commission in NYC

By Sonja Gosine, Spokesperson at Hauseit® / October 17, 2018

Assuming your listing agent has already offered a reasonable buyer agent commission in the MLS, it’s always better to lower your home’s listing price vs increasing the buyer broker’s commission. A change in listing price will trigger search alerts, email

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A co-op post-closing cash flow statement may be requested by a coop board as part of your board application. Download a template post-closing cash flow statement.

What Is a Co-op Post-Closing Cash Flow Statement in NYC?

By Sonja Gosine, Spokesperson at Hauseit® / October 16, 2018

If you’re buying a co-op in NYC and preparing a board application, you may be asked to submit a post-closing cash flow statement alongside your financial statement. The post-close statement of cash flows is actually rather simple and nothing to

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Getting a Reverse Mortgage in New York

By Sonja Gosine, Spokesperson at Hauseit® / October 16, 2018

There are many different reasons to get a reverse mortgage in New York. You may want a more comfortable retirement, the money to buy a second home, or to make home improvements. New York is an expensive place to live,

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It’s customary for sellers to continue showing their property and even hosting open houses after they’ve accepted an offer.

Offer Accepted on House but Still on Market

By Sonja Gosine, Spokesperson at Hauseit® / October 16, 2018

It’s customary for sellers to continue showing their property and even hosting open houses after they’ve accepted an offer. In fact, it’s standard practice for sellers to continue showing their home until contracts have been signed in NYC. So don’t

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Are there any rules preventing a real estate listing agent from lying about how many interested buyers there are for a property? Can a Realtor lie about multiple offers? Practically speaking, yes.

Can a Realtor Lie About Multiple Offers in NYC?

By Sonja Gosine, Spokesperson at Hauseit® / October 15, 2018

Are there any rules preventing a real estate listing agent from lying about how many interested buyers there are for a property? Can a Realtor lie about multiple offers? Practically speaking, yes. Even though there may be various code of

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Learn the most common reasons for a co-op board rejection in NYC and how you can avoid a board turn down when buying or selling a co-op apartment in New York City.

How to Get Rejected by a Co-op Board in NYC

By Sonja Gosine, Spokesperson at Hauseit® / October 15, 2018

Whether you’re buying or selling a co-op apartment in NYC, nobody wins when there’s a board rejection. The truth about co-ops in NYC is that board approval is almost entirely outside of your control. A co-op board can reject an

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The fees and buyer closing costs associated with buying a co-op in NYC are approximately 1% to 2% of the purchase price. Co-ops have lower closing costs than condos in NYC.

What Are the Fees When Buying a Co-op in NYC?

By Sonja Gosine, Spokesperson at Hauseit® / October 12, 2018

The fees associated with buying a co-op in NYC are approximately 1% to 2% of the purchase price. These fees include a board application fee, real estate attorney fees, move-in deposits and/or fees, the Mansion Tax as well as financing

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The highest and best offer are asked by home sellers to their buyers when they’ve received multiple offers and are having a tough time deciding.

The Highest and Best Offer Process in NYC

By Sonja Gosine, Spokesperson at Hauseit® / October 12, 2018

When a home sellers asks interested buyers for their highest and best offer, it typically means they’ve received multiple offers and are having a tough time deciding. As a result, they’ve asked everyone to submit their best and final offer

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