Buying in NYC Archives - Page 26 of 39

Net effective rent is an increasingly common marketing tactic for landlords in NYC. Net effective rent is the average monthly rent during the lease term.

What Does Net Effective Rent Mean in NYC?

By Sonja Gosine, Spokesperson at Hauseit® / October 4, 2018

‘Net effective rent’ is an increasingly common phrase being found on rental listings in NYC as a marketing tactic for landlords who are offering free months of rent as an incentive for tenants. Net effective rent represents the average monthly [...]

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Made an Offer on a House No Response

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

So you made an offer on a house and all you’ve received in return is silence. What this usually means is that your offer was too low or otherwise offensive in some way. Your offer email could also have been

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Buying a house with cash is faster and simpler than purchasing a home with a mortgage. All cash buyers won’t have to deal with the loan approval process and can often close in under 30 days vs 60 to 90 days if financing.

How to Buy a House with Cash in NYC

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

Buying a house with cash is faster and simpler than purchasing a home with a mortgage. All cash buyers won’t have to deal with the loan approval process and can often close in under 30 days vs 60 to 90

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Whether you can afford to buy an apartment in NYC depends on your annual income, how much you’ve saved and the estimated carrying costs of your condo or co-op apartment.

Can I Afford to Buy an Apartment in NYC?

By Sonja Gosine, Spokesperson at Hauseit® / October 1, 2018

The easiest way to determine whether or not you can afford to buy an apartment in NYC is to use Hauseit’s Home Affordability Calculator. How much apartment you can afford depends on your annual income, how much you’ve saved and

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What is the earnest money check for a NYC home purchase? The earnest money check is a personal check worth 10% of the purchase price, made out by the buyer and delivered to the seller’s attorney along with a signed contract.

The Earnest Money Check for a NYC Home Purchase Explained

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

The earnest money check is a personal check worth 10% of the purchase price, made out by the buyer and delivered to the seller’s attorney along with a signed contract. The earnest money check is deposited after the seller has

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Most renters in NYC end up working with a broker out of necessity rather than by choice. What do we mean by this? Since most rental apartments have a listing broker representing the landlord, it’s impossible to avoid working with that agent and paying the broker fee if you want to rent the apartment.

Do You Need a Broker to Rent an Apartment in NYC?

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

Most renters in NYC end up working with a broker out of necessity rather than by choice. What do we mean by this? Since most rental apartments have a listing broker representing the landlord, it’s impossible to avoid working with

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Generally speaking, offers should not be less than 10% of the asking price for a reasonably priced listing. The answer will vary based on how reasonable the listing price is.

What Is a Reasonable Offer on a House in NYC?

By Sonja Gosine, Spokesperson at Hauseit® / September 26, 2018

What is a reasonable offer on a house? Generally speaking, offers should not be less than 10% of the asking price for a reasonably priced listing. The answer will vary based on how reasonable the listing price is. If there’s

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Rental broker fees in NYC are usually paid by tenants instead of landlords. A rental can be no fee if the landlord is paying the broker commission or if no agent is involved.

Who Pays the Broker Fee When Renting in NYC?

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

Rental broker fees in NYC are usually paid by tenants instead of landlords. This is the opposite of what happens in the rest of the country, whereby landlords normally pay rental broker commissions. With that said, not all rentals in

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To make an offer on a house in NYC you'll need to email the seller or listing agent and include a REBNY Financial Statement, a loan pre-approval letter if you will be financing your purchase, proof of funds if you are making an all cash offer, any contingencies, any closing date preferences, your down payment amount as well as your offer price.

How to Make an Offer on a House in NYC

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

Making an offer on a house in NYC is as simple as emailing the seller or listing agent and including a REBNY Financial Statement, a loan pre-approval letter if you will be financing your purchase, proof of funds if you

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You are permitted to attend an open house without an agent in NYC. Sign-in with your buyer agent’s information and have him or her register you for the open house.

Can I Attend an Open House Without an Agent in NYC?

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

Attending an open house without an agent in NYC is generally not a problem as long as your buyer’s agent registers you in advance with the listing agents. If you forget to have your buyer’s broker register you, all you

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