Buying in NYC Archives - Page 35 of 39

This complete guide on section 1031 property exchanges covers the latest 1031 exchange rules & the particulars of the 1031 exchange process in NYC.

How to Do a 1031 Exchange in NYC

By Sonja Gosine, Spokesperson at Hauseit® / December 11, 2017

A 1031 Exchange, also known as a like kind exchange or 1031 tax deferred exchange, is a great way for investors to defer the payment of Federal and State capital gains taxes by buying a new property with the sale [...]

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What’s the Difference Between a Condo vs Apartment in NYC?

By Sonja Gosine, Spokesperson at Hauseit® / November 28, 2017

An apartment is a general term for a separate residence within a larger building. Apartments in NYC can either be individually owned condominium units, co-op apartments or one unit of a rental building that is entirely owned by one landlord.

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Questions to Ask Your Real Estate Attorney in NYC

By Sonja Gosine, Spokesperson at Hauseit® / November 27, 2017

We’ll give you an overview of the most important questions to ask your real estate attorney in NYC in this article. You’ll know how to interview a real estate lawyer in New York City after studying the following list of

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What is a Purchase CEMA mortgage in NYC? Are purchase CEMA loans worthwhile?

Purchase CEMA Mortgage – Negotiating a Purchase CEMA Loan in NYC

By Sonja Gosine, Spokesperson at Hauseit® / November 20, 2017

A Purchase CEMA is a strategy for reducing your closing costs when buying or selling a condo or house in New York City. A Purchase CEMA is also known as a Purchase Consolidation Extension Modification Agreement. The Purchase CEMA itself

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What Is an cooperative apartment lien search? Is a coop lien search necessary buying buying a co-op in NYC? How much does a lien search cost?

Coop Lien Search – What Is an Cooperative Apartment Lien Search?

By Sonja Gosine, Spokesperson at Hauseit® / November 13, 2017

A coop lien search, otherwise known as an cooperative apartment lien search, is ordered by the buyer's attorney after a purchase contract has been signed. Any outstanding liens against the seller or the coop apartment must typically be cleared by

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Is Buying a Coop a Good Investment in NYC?

By Sonja Gosine, Spokesperson at Hauseit® / October 31, 2017

You’ve finally saved up the money for a down payment on an apartment in NYC and you want to ask, is buying a coop a good investment in NYC? This is a question that has perplexed New Yorkers ever since

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What is the difference between a mortgage broker and bank in NYC? Do I pay more by working with a mortgage broker versus a mortgage banker?

Difference Between Mortgage Broker and Bank in NYC

By Sonja Gosine, Spokesperson at Hauseit® / October 25, 2017

The difference between a mortgage broker and bank is that a mortgage broker is not directly lending any money for a mortgage and is simply originating and brokering a loan. In other words, a mortgage broker is a middleman that

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Do Real Estate Agents Split Commission?

By Sonja Gosine, Spokesperson at Hauseit® / October 12, 2017

Are listing brokers legally required to co-broke with buyers' agents? Do real estate agents split commission with each other in New York State and NYC? Contrary to popular belief, listing brokers are not legally required to share commission with buyers'

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Exclusive Right To Represent Buyer Agreement NY

By Sonja Gosine, Spokesperson at Hauseit® / October 11, 2017

Do home buyers normally sign an Exclusive Right to Represent Buyer Agreement in NY? Is it required or just the norm? What about buyers in New York City? Home buyers in New York City are typically free agents and are

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How should you go about preparing for the co op board interview? Read our time tested tips and advice from industry insiders who have seen it all.

Preparing for the Co op Board Interview in NYC

By Sonja Gosine, Spokesperson at Hauseit® / October 4, 2017

Congratulations for being in contract to buy a coveted New York City cooperative apartment! As the next step, you'll need to submit a purchase application and pass the infamous co op board interview in order to complete your purchase. There's

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