Buying in NYC Archives - Page 24 of 39

It’s easy to fail a co-op board interview in NYC if you haven’t taken the time to prepare. Learn the top reasons for failing a coop board interview in New York City.

How to Fail a Co-op Board Interview in NYC

By Sonja Gosine, Spokesperson at Hauseit® / October 25, 2018

It’s easy to fail a co-op board interview in NYC if you haven’t taken the time to prepare. Truth be told, the co-op board interview itself isn’t very difficult. Receiving an interview invitation actually means that the board has already [...]

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Is it Worth Buying a Coop in NYC?

By Sonja Gosine, Spokesperson at Hauseit® / October 25, 2018

Buying a coop in NYC is the most affordable path to home ownership in the Big Apple. This is because co-ops can be up to 40% less expensive than comparable condo apartments. However, the answer to the question of is

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Houses come on the market all year round in NYC although you’ll see more activity in the spring and fall selling seasons.

When Do Houses Come on the Market in NYC?

By Sonja Gosine, Spokesperson at Hauseit® / October 25, 2018

Houses come on the market all year round in NYC although you’ll see more activity in the spring and fall selling seasons. The luxury segment of the market slows down significantly during the late summer and winter months in NYC

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The 421g tax abatement and exemption in NYC explained. History of the 421-g tax incentive and how to calculate and verify the incentive. Projection model.

What Is the 421g Tax Abatement in NYC?

By Sonja Gosine, Spokesperson at Hauseit® / October 24, 2018

The 421g tax abatement was created in the mid 1990’s to incentivize developers to convert old downtown office buildings into residential use as businesses migrated to Midtown. The 421g tax abatement covers Lower Manhattan, meaning most areas south of Murray

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How long a NYC apartment has been on the market shouldn’t affect your decision whether to buy a home. There are a number of possible causes for a high day count.

Should You Buy a NYC Apartment That Has Been on the Market Too Long?

By Sonja Gosine, Spokesperson at Hauseit® / October 19, 2018

Despite the perpetual press coverage of bidding wars, the truth is that not all apartments in NYC sell quickly. There are a number of potential reasons why a NYC apartment has been on the market for a long time. Possible

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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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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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