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

What is the typical co-op closing timeline in NYC? How long does it take to close on a coop after board approval? Here is complete timeline for closing on a co-op in New York City.

How Long Does It Take to Close on a Co-op in NYC?

By Sonja Gosine, Spokesperson at Hauseit® / April 11, 2018

The average co-op closing timeline in NYC from the time you are in-contract to the closing date is two to three months. However, there are a number of factors which can influence how long it takes to close on a [...]

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Can you withdraw an offer on a house after it has been accepted? Can I back out of buying a house after inspection? Can a buyer back out of an accepted offer in NYC? Can a buyer back out of a purchase agreement in New York? We'll explain when and how you can back out of an offer and when it's too late to do so.

Can a Buyer Back out of an Accepted Offer in NYC?

By Sonja Gosine, Spokesperson at Hauseit® / April 9, 2018

There is too much misinformation on the web about whether offers to purchase real estate are binding or not. We’ve seen too many search results tell first time home buyers in NYC that sellers will sue them if they back

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Process of Buying a House in NYC

By Sonja Gosine, Spokesperson at Hauseit® / April 5, 2018

We’ll explain in this article the process of buying a house in NYC after you’ve found a property that you like. If you’re just starting out, please make sure to read our first time home buyer’s guide before you begin

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What's the average time to close on a house in NYC? What happens after signing a contract on a house? When do you get a closing date? What should home buyers and sellers expect on closing day? Just how long does it take to close on a house in NYC? Learn all this and more in our guide on the contract to close process.

How Long Does It Take to Close on a House in NYC?

By Sonja Gosine, Spokesperson at Hauseit® / April 3, 2018

Just how long does it take to close on a house in NYC? Congrats on making it this far. You've likely just submitted an offer or won a best and final offer process. If your buyer's agent hasn't bothered to

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What is a sponsor unit? What are the advantages to buying a sponsor apartment in New York City? What are the negatives to buying a sponsor unit co op? What are some nuances to calculating transfer taxes owed for a sponsor sale coop? We'll teach you everything you need to know about buying a sponsor unit in NYC.

Buying a Sponsor Unit in NYC

By Sonja Gosine, Spokesperson at Hauseit® / April 2, 2018

There are many advantages as well as considerations to buying a sponsor unit in NYC. If your buyer's agent hasn't already explained to you the differences in closing costs associated with buying a sponsor unit in NYC, then you should

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What's the difference between condo common charges vs co op maintenance fees for NYC apartments? What do condo fees cover? What is the average maintenance cost for an apartment in New York City? Can you have a condo with no maintenance fee? Learn everything about apartment maintenance and monthly maintenance fees here.

Condo Common Charges vs Co op Maintenance Fee in NYC

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

What's the difference between condo common charges vs co op maintenance fees? Why do some NYC apartments for sale list maintenance while others list common charges? We'll go over everything you need to know about condo fees and co op

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What is Floor Area Ratio or FAR? We'll explain what this important zoning metric really means and when it will matter for NYC home buyers. We'll demonstrate a sample FAR calculation on a multi family townhouse in Brooklyn so you can see how valuable extra buildable square footage can be.

Floor Area Ratio and FAR calculation in NYC

By Sonja Gosine, Spokesperson at Hauseit® / March 27, 2018

The only time you’ll need to worry about floor area ratio is if you’re buying a house in NYC. Only then will the FAR calculation even matter to home buyers. That’s because even if a co op or condo building

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What is an open house? What is a broker open house? What are some open house tips and open house ideas for first time home sellers? We'll explain everything you need to consider and know about holding an open house in NYC, including how to do an open house For Sale By Owner (FSBO).

Open House Tips and Ideas in NYC

By Sonja Gosine, Spokesperson at Hauseit® / March 23, 2018

We'll teach you everything you need to know about holding an open house in NYC in this article, from industry secret open house tips to how to do an open house For Sale By Owner. Table of Contents: What Is

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Junior 4 apartments in NYC are highly controversial. A Junior Four apartment in NYC is a one bedroom apartment with extra alcove space that can be used as a second bedroom, sleeping area, office or dining room. Learn the difference between Junior 4 and 2 bedroom apartments in NYC.

What Is a Junior 4 Apartment in NYC?

By Sonja Gosine, Spokesperson at Hauseit® / March 23, 2018

The topic of ‘Junior 4’ apartments in NYC is a highly contentious subject matter among buyers, sellers and brokers. Junior Four apartments are controversial because there is no single, authoritative definition of what constitutes a Junior 4 apartment in NYC.

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Template REBNY Co-op Purchase Application for New York City

Template REBNY Coop Purchase Application for NYC

By Sonja Gosine, Spokesperson at Hauseit® / March 22, 2018

When buying a coop in NYC, you’ll typically be provided a coop purchase application that the coop’s managing agent will want you to use. Coop purchase applications will usually be different and customized for the specific coop building you are

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