Buying in NYC Archives - Page 19 of 39

What are Co-op Shares in NYC Real Estate?

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

Co-op shares are units of ownership in a cooperative corporation that owns an apartment building, not unlike owning shares in a regular business corporation. The coop corporation’s main asset is typically the apartment building, and thus each shareholder owns a [...]

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Real Estate Investing for Beginners

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

Most articles on real estate investing for beginners will give you basic tips like getting pre-approved for a mortgage or other things you already know. We’ll take a contrarian approach in this article and talk about the pros and cons

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Real estate agents are not obsolete in NYC. Over 95% of sellers and 75% of buyers use brokers in NYC, and commissions remain stubbornly fixed at 5% to 6%.

Are Real Estate Agents Obsolete in NYC?

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

Real estate agents in NYC still represent over 95% of sellers and over 75% of buyers as of today despite major advances in technology and information accessibility for consumers. Furthermore, real estate commissions in NYC remain stubbornly fixed at 5%

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Low rental yields, new rent regulations and difficult tenants are just some of the reasons why buying a multi family home in NYC is a bad investment.

Why Buying a Multi Family Home in NYC Is a Bad Investment

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

Buying a multi family home in NYC is a bad investment because rental yields are extremely low, opportunity costs are high, dealing with bad tenants is mind-numbing, evictions are impossible, local rent laws are stifling and labor and maintenance costs

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What is a starter apartment? Should you buy a studio, 1 bed or junior 4? Rent vs buy analysis. Common mistakes when buying a starter home in NYC & more.

Tips for Buying a Starter Home in NYC

By Sonja Gosine, Spokesperson at Hauseit® / June 24, 2019

Buying a starter home in NYC typically means purchasing a smaller condo or co-op apartment with up to one bedroom. The decision to do so should be taken only after careful analysis of the benefits of continuing to rent vs

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How to get Schedule A pricing, allowed variances, outside dates, delays in construction when buying a pre-construction condo and more explained.

The Complete Guide to Buying a Pre-Construction Condo

By Sonja Gosine, Spokesperson at Hauseit® / June 24, 2019

Buying a pre-construction condo can be advantageous primarily because of better pricing vs a project that is ready for immediate occupancy. However, buying a pre-construction condo also comes with many risks such as delayed completion, abrupt notices to close, variances

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Buying an apartment in a mixed used building comes with many special risks such as unequal sharing of common charges, assessments, utilities and more.

Buying an Apartment in a Mixed Use Building

By Sonja Gosine, Spokesperson at Hauseit® / June 19, 2019

Buyers should be careful when buying an apartment in a mixed use building where the commercial units are separately owned because the offering plan can give unfair advantages to the commercial unit owner. Buyers should be especially wary if the

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Gift letters necessary for both mortgage and co op. Co borrowing means reduced future borrowing capacity for both. Advice for co buying a house with parents.

The Complete Guide to Co-Buying a House

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

Let’s face it, millennials these days are much less likely than their parent’s generation to be able to afford to buy a home by themselves. In fact, less than 50% of millennials earn more money than their parents by age

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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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