Buying in NYC Archives - Page 25 of 39

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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Many co-ops in NYC prohibit adjustable rate mortgages. Other co-ops require a higher down payment if you are using an adjustable rate mortgage (ARM).

Can I Use an Adjustable Rate Mortgage When Buying a Co-op in NYC?

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

Co-op buyers in NYC are often surprised to find out that many buildings have restrictions on using an adjustable rate mortgage. Some New York City coops prohibit adjustable rate mortgages altogether, while others allow them subject to certain guidelines. Co-ops

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It’s not customary to get a home inspection before signing a contract on a co-op apartment in NYC. There are some instances where an inspection is a good idea.

Should You Get an Inspection Before Buying a Co-op in NYC?

By Sonja Gosine, Spokesperson at Hauseit® / October 10, 2018

It’s not customary to get a home inspection before signing a contract on a co-op apartment in NYC. With that said, there are a number of instances where hiring a home inspector makes sense in the case of a coop.

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A backup offer is an offer that the seller hasn’t accepted, but is strong enough and close enough to the accepted offer that the seller would like to revisit it should the accepted offer fall through.

The Backup Offer in Real Estate in NYC Explained

By Sonja Gosine, Spokesperson at Hauseit® / October 10, 2018

A backup offer is an offer that the seller hasn’t accepted, but is strong enough and close enough to the accepted offer that the seller would like to revisit it should the accepted offer fall through. Neither backup offers nor

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Buying a house as is means purchasing a house in its current condition, without the seller making any repairs or upgrades before closing.

Buying a House As Is in NYC

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

Buying a house as is means purchasing a house in its current condition, without the seller making any repairs or upgrades before closing. It’s fairly standard in New York for homes to be purchased in as is condition as sellers

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Tips for Renting an Apartment in NYC

By Sonja Gosine, Spokesperson at Hauseit® / October 8, 2018

When it comes to horror stories, renting in New York City seemingly tops the list for many people who’ve experienced living in the Big Apple. There’s no question that the rental industry has a definitive sketch factor to it in

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The New Construction Home Buying Process in NYC

By Sonja Gosine, Spokesperson at Hauseit® / October 8, 2018

The new construction home buying process in NYC takes longer, is more expensive and is generally more complex than your typical re-sale process. Buyers will have to pay special attention to the offering plan as the final arbiter of what

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