Buying in NYC Archives - Page 36 of 39

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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Local Law 11 (FISP), also known as the Facade Inspection & Safety Program, mandates the periodic inspection of building exteriors in NYC.

FISP Local Law 11 NYC

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

The NYC Facade Inspection Safety Program (FISP), formerly known as Local Law 11, requires NYC buildings taller than six stories to have their facades inspected and repaired every five years. In this article, we discuss the history of FISP and

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Who fills out the condo questionnaire during a real estate transaction in NYC? What is a Condo Questionnaire in NYC and why do banks need it?

Condo Questionnaire – What is a Condo Questionnaire in NYC?

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

Who fills out the condo questionnaire during a real estate transaction in NYC? What is the point of a condo questionnaire and is there a cost associated with the form? A condo questionnaire is typically completed by a condominium building's

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What is a board package in NYC real estate? What does a sample coop board package look like? What documentation will the co op board want to see?

Coop Board Package – What is a Board Package?

By Sonja Gosine, Spokesperson at Hauseit® / September 22, 2017

What is a board package? What did your buyer's agent mean when he said you should get started on the coop board package? Why is it so feared by buyers and their brokers alike? Cooperative apartments, often known simply as

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Are you looking to invest through the EB-5 Program in order to immigrate to the United States? Here's what NYC bound investors need to know.

The EB-5 Program – EB5 Immigration and Investor Visas in NYC

By Sonja Gosine, Spokesperson at Hauseit® / August 18, 2017

The EB-5 Program is an affordable way for wealthy foreign nationals to obtain a Green Card and US Permanent Residence status through a monetary investment in a project that creates at least 10 jobs in the US. Table of Contents: What

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NYC Real Estate Due Diligence Report Sample

By Sonja Gosine, Spokesperson at Hauseit® / August 17, 2017

What is your real estate attorney actually doing when he or she conducts legal and financial due diligence on your behalf? In New York City, a buyer's real estate attorney is responsible for legal and financial due diligence on behalf

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Is a co-op proprietary lease expiration possible? What happens to your NYC co-op apartment if the proprietary lease expires without being renewed?

Proprietary Lease Expiration – What if a Co-op Proprietary Lease Expires?

By Sonja Gosine, Spokesperson at Hauseit® / August 16, 2017

Is a co-op proprietary lease expiration possible in NYC? What happens when a NYC co-op apartment's proprietary lease nears expiration? Have you ever wondered why your co-op board doesn't just extend the expiration date of every shareholder's proprietary lease hundreds

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Buying Property in New York City as a Foreigner

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

Buying property in New York City as a Foreigner is quite easy as you are treated no differently versus domestic purchasers. With the exception of purchasing a co-op which we’ll discuss below, you’ll face no special taxes or levies in

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Buying Property in NYC through a LLC

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

What are the pro's and con's of buying property in NYC through a LLC? Here’s what you need to know before you submit an offer. Table of Contents: Why should investors consider buying property in NYC? Is buying property in NYC

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Why is your bank asking for a coop questionnaire to be filled out? What does a sample co-op questionnaire look like? Who pays for it?

Sample Coop Questionnaire in NYC

By Sonja Gosine, Spokesperson at Hauseit® / July 26, 2017

A coop questionnaire is a survey that banks and mortgage lenders will request the managing agent of a cooperative apartment building to fill out in order to approve the building for financing. So why is your bank asking for a

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