Buying in NYC Archives - Page 37 of 39

NYC Mortgage Commitment Letter Sample

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

It's important for home buyers to understand that a mortgage commitment letter in NYC does not guarantee that the bank will fund your loan. As you will see from the NYC mortgage commitment letter sample below, there are many contingencies [...]

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Having a buyer's agent in NYC may harm your chances of successfully purchasing a home. Don't hurt your chances, here's what to watch out for!

Reasons to Avoid Having a Buyer’s Agent in NYC

By Sonja Gosine, Spokesperson at Hauseit® / July 3, 2017

While it can be extremely beneficial to have a seasoned buyer’s broker help you navigate past common first time home buyer mistakes, it can also be very detrimental to work with the average buyer’s agent in NYC. Table of Contents:

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What does a condominium budget in NYC look like? What is a condo budget? Check out what a sample condo operating budget looks like!

Condominium Budget – What is a Condo Budget?

By Sonja Gosine, Spokesperson at Hauseit® / June 23, 2017

A condominium budget will determine a condo apartment's monthly common charges. It's critical to analyze a condo budget before signing a purchase contract in NYC. Many first time home buyers rely exclusively on their lawyers to scrutinize the condo budget

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NYC Real Estate Purchase Contract Template

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

NYC Real Estate Purchase Contracts can be far more complex than the standardized purchase forms used in other states. Furthermore, real estate purchase contracts in NYC can be quite customized for each transaction with many parts being negotiable. What is

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Agreeing to dual agency in NYC will prevent you from saving money by requesting a NYC buyer agent commission rebate. Dual agency also increases your risk.

Dual Agency in NYC | What are the Pros and Cons of Dual Agency?

By Sonja Gosine, Spokesperson at Hauseit® / May 30, 2017

As a home buyer in New York City, you may have been asked by a listing agent to sign a ‘dual agency’ disclosure form. Agreeing to dual agency will cost you money because it means that you won’t be able

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Are you borrowing money from your parents for your home purchase down payment? If so, banks will want to see a gift letter for mortgage approval in NYC.

Sample Gift Letter for Mortgage

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

If you're borrowing money from parents for your home purchase down payment, lenders will want to see a gift letter for mortgage approval in NYC. Many first time home buyers in NYC need a little help with their down payment. Often

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Common Senior Home Buying Mistakes in NYC

By Sonja Gosine, Spokesperson at Hauseit® / May 15, 2017

Are there any common pitfalls to watch out for as a senior citizen buying a first home? What are common senior home buying mistakes in NYC? Assuming you can’t get a mortgage as a senior citizen This is the most

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Sample Co-op Bylaws in NYC

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

What do sample co-op bylaws in NYC look like? Just how onerous are the bylaws and how much power does the co-op board have? Is the sublet policy in the co-op bylaws? Co-op boards have an enormous amount of power

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Buying a Condop Apartment in NYC

By Sonja Gosine, Spokesperson at Hauseit® / May 5, 2017

For most people, buying a condop apartment in NYC is no different than purchasing a regular co-op apartment. The primary difference will be an additional layer of due diligence necessary by the buyer’s attorney. Don’t listen to listing agents trying

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How can buyers who need to sell before they can buy protect themselves during contract negotiations? Is an offer with a Hubbard Contingency less attractive?

What is a Hubbard Contingency for NYC Real Estate Transactions?

By Sonja Gosine, Spokesperson at Hauseit® / May 2, 2017

A Hubbard Contingency is another way to describe a sale contingency in a purchase contract. A sale or Hubbard contingency allows a set amount of time for a buyer to obtain a fully executed contract of sale on their existing

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