Buying in NYC Archives - Page 2 of 39

Buyers of HDFC co-ops are not subject to an asset limit. There are no net worth restrictions for purchasers of HDFC apartments in NYC.

Is There an Asset Limit When Buying an HDFC Co-op?

By Sonja Gosine, Spokesperson at Hauseit® / October 3, 2023

Buyers of HDFC co-ops are not subject to an asset limit. There are no net worth restrictions for purchasers of HDFC apartments in NYC. However, prospective HDFC purchasers are subject to income restrictions at the time of purchase. HDFC income [...]

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How do you value outdoor space vs indoor square footage in NYC real estate? How valuable is balcony vs rooftop vs backyard vs terrace space?

How Much Is Outdoor Space Worth in NYC?

By Sonja Gosine, Spokesperson at Hauseit® / October 2, 2023

A common question that comes up for home buyers in NYC is how much is outdoor space worth? Is it worth as much as indoor square footage, or do you not place any value at all on it? The most

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Need a Roommate Agreement in NYC? How do you draft one, divide utilities, and set house rules? Sample Roommate Agreement & more.

Guide to Writing a Roommate Agreement in NYC

By Sonja Gosine, Spokesperson at Hauseit® / September 11, 2023

Living in New York City is an unparalleled experience, teeming with opportunities and adventures at every corner. However, the city’s high cost of living often necessitates sharing your living space with a roommate. While this can be an enriching experience,

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Are there laws against working part-time as a real estate agent? Are there minimum hours? How to succeed as a part-time Realtor & more.

Can You Be a Real Estate Agent Part Time?

By Sonja Gosine, Spokesperson at Hauseit® / August 17, 2023

The Viability of Pursuing Real Estate Part-Time The real estate sector is one of the most dynamic and varied industries. One of the questions that often surface is whether one can delve into real estate on a part-time basis. After

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Should you buy a tenant occupied property for sale? Is it wise to accept an existing tenant, or should you always buy a home vacant?

Buying Tenant-Occupied Properties: A Complete Guide

By Sonja Gosine, Spokesperson at Hauseit® / July 31, 2023

The acquisition of a tenant occupied property for sale is a strategic move that comes with its unique advantages and challenges. The decision to buy a tenant-occupied home often leans more towards investment purposes as the benefits can be instantly

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Explore our in-depth guide on crafting professional lease termination letters, a crucial step when it's time to move-out of your rental.

How to Write a Lease Termination Letter

By Sonja Gosine, Spokesperson at Hauseit® / July 31, 2023

In the realm of real estate, the lease termination letter, often referred to as a notice to vacate, is a critical document that communicates your intent to end your lease agreement and vacate the property. This document is typically required

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Demystify normal wear and tear in real estate, learn to navigate landlord-tenant expectations and safeguard your security deposit.

What Is Normal Wear and Tear?

By Sonja Gosine, Spokesperson at Hauseit® / June 26, 2023

The Art of Understanding 'Normal Wear and Tear' in the Real Estate Landscape In the intricate dance of landlord-tenant relationships, one phrase echoes through the hallways of residential properties: "normal wear and tear." This term, often embedded in lease agreements,

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Gross Rent Multiplier formula. GRM vs cap rate. Gross rent multiplier calculator examples. Similarity to Price-to-Sales multiple & more.

Gross Rent Multiplier Explained

By Sonja Gosine, Spokesperson at Hauseit® / June 22, 2023

Decoding the Gross Rent Multiplier: A Comprehensive Guide for Real Estate Investors The world of real estate investing is filled with various metrics and measures, each serving a unique purpose in the evaluation of potential investment opportunities. One such metric,

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What is the Warrant of Habitability when it comes to apartments in New York? Rights, restrictions, process, rent deductions & more explained.

The Warrant of Habitability in New York Explained

By Sonja Gosine, Spokesperson at Hauseit® / June 20, 2023

In the bustling metropolis of New York City, finding a suitable apartment for rent can be a daunting task. The process involves multiple steps, including property searches, application completion, rent negotiation, and obtaining renter's insurance. However, one crucial aspect that

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Buyer and seller pay specific closing costs in NYC. Sellers pay NYC & NYS Transfer Taxes and buyers pay Mansion & Mortgage Recording Taxes.

Who Pays Real Estate Closing Costs in NYC?

By Sonja Gosine, Spokesperson at Hauseit® / June 19, 2023

Both buyer and seller are responsible for certain closing costs on a New York City real estate transaction. Neither party absorbs all closing costs, but sellers generally pay the most in closing costs since they customarily pay a 6% broker

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