Selling in NYC Archives - Page 14 of 22

Seller closing costs in NYC are between 8% to 10% of the sale price. Closing costs include a 6% broker fee, NYC Transfer Taxes of 1.4% to 1.825% and legal fees.

How Much Are Seller Closing Costs in NYC?

By Sonja Gosine, Spokesperson at Hauseit® / January 15, 2019

Seller closing costs in NYC are between 8% to 10% of the sale price. Seller closing costs are usually higher for co-ops than condos because most co-ops charge sellers a flip tax. Closing costs include a 6% broker fee, NYC [...]

How Much Are Seller Closing Costs in NYC? Read More »

Hauseit explains how you can reduce or eliminate the typical NYC real estate commission.

What’s the Typical Real Estate Commission in NYC?

By Sonja Gosine, Spokesperson at Hauseit® / January 8, 2019

The typical real estate commission in NYC is 5% to 6% of the sale price. Broker commissions are the highest seller closing cost in New York City. While commissions have been steadily falling in other parts of the country for

What’s the Typical Real Estate Commission in NYC? Read More »

How are free MLS listing services possible? How are flat fee MLS listings economical for brokers? What are the free listings offered by For Sale By Owner sites?

Do Free MLS Listing Services Exist?

By Sonja Gosine, Spokesperson at Hauseit® / November 15, 2018

No, free MLS listing services do not exist because it is uneconomical for brokers to do so. Even flat fee listings are barely economical given the potential reputational harm and the possibility of fines from the local MLS for late

Do Free MLS Listing Services Exist? Read More »

3 Reasons Why NYC FSBO Sellers Fail

By Sonja Gosine, Spokesperson at Hauseit® / October 30, 2018

The top 3 reasons why NYC FSBO sellers fail to sell include poor listing syndication, unrealistic pricing and a lack of professional photos and a floor plan. In a slower market with a higher average day count for listings, NYC

3 Reasons Why NYC FSBO Sellers Fail Read More »

The original 421a tax abatement program in NYC began in 1971 and is named after section 421-a of the New York Property Tax Law.

The 421a Tax Abatement in NYC Explained

By Sonja Gosine, Spokesperson at Hauseit® / October 23, 2018

The original 421a tax abatement program began in 1971 and is named after section 421-a of the New York Property Tax Law. The tax abatement was meant to encourage developers to build multi-family residential buildings, with an emphasis on affordable

The 421a Tax Abatement in NYC Explained Read More »

The selling agent commission is the fee that is payable to the agent that brings the buyer for a home sale.

What Is the Selling Agent Commission?

By Sonja Gosine, Spokesperson at Hauseit® / October 22, 2018

The selling agent commission is the fee that is payable to the agent that procures the buyer for a home sale. The selling agent commission is typically 3% of the contract or sale price, and is payable to the buyer’s

What Is the Selling Agent Commission? Read More »

Is it possible to negotiate the listing agent fee or the buyer agent fee? Learn tips and tricks on how to negotiate with a Realtor on commission in NYC.

How to Negotiate with a Realtor on Commission in NYC

By Sonja Gosine, Spokesperson at Hauseit® / October 19, 2018

It’s much better to negotiate the listing agent commission vs the buyer agent commission because buyer agents represent 90% of all home buyers, which means you’ll want their full attention if you want your home to sell. It’s easier to

How to Negotiate with a Realtor on Commission in NYC Read More »

Lowering Home Price vs Increasing Broker Commission in NYC

By Sonja Gosine, Spokesperson at Hauseit® / October 17, 2018

Assuming your listing agent has already offered a reasonable buyer agent commission in the MLS, it’s always better to lower your home’s listing price vs increasing the buyer broker’s commission. A change in listing price will trigger search alerts, email

Lowering Home Price vs Increasing Broker Commission in NYC Read More »

The highest and best offer are asked by home sellers to their buyers when they’ve received multiple offers and are having a tough time deciding.

The Highest and Best Offer Process in NYC

By Sonja Gosine, Spokesperson at Hauseit® / October 12, 2018

When a home sellers asks interested buyers for their highest and best offer, it typically means they’ve received multiple offers and are having a tough time deciding. As a result, they’ve asked everyone to submit their best and final offer

The Highest and Best Offer Process in NYC Read More »

Dealing with Multiple Offers on a House as the Seller in NYC

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

Dealing with multiple offers on a house as the seller in NYC is easy. Because offers aren’t binding in New York until contracts have been signed, you should accept multiple offers especially if they are all attractive. There are no

Dealing with Multiple Offers on a House as the Seller in NYC Read More »