Selling in NYC Archives - Page 2 of 22

Do liens have an expiration date or do they stay on a house forever? Mechanic's liens vs tax liens, how to remove a lien & more.

How Long Does a Lien Stay On Your Property?

By Sonja Gosine, Spokesperson at Hauseit® / March 27, 2023

Contrary to what you might expect, most liens will expire after a certain amount of time, from 1 year for mechanic's liens in some states to unlimited for property tax and common charge liens until the debt is paid off. [...]

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When does the seller get paid after closing on their home sale? Wet vs dry funding state, & how the buyer pays will determine how long.

When Does The Seller Get Money After Closing?

By Sonja Gosine, Spokesperson at Hauseit® / February 24, 2023

Congratulations, you've found a buyer for your home, you've signed a binding contract of sale and you're days away from closing. So when does the seller get the money after closing? As we'll explain in this article, the answer depends

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Minimum service requirements in real estate refer to specific tasks that a broker must perform under state law regardless of commission rate.

What Are Minimum Service Requirements in Real Estate?

By Sonja Gosine, Spokesperson at Hauseit® / January 8, 2023

Minimum service requirements in real estate refer to specific tasks that a broker must perform under state law regardless of the commission rate being charged. Minimum service requirements vary by state, and the vast majority of states including New York

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A Flat Fee MLS listing is a brokerage service in which a seller pays a broker a flat fee to have their property listed on the MLS.

What Is a Flat Fee MLS Listing?

By Sonja Gosine, Spokesperson at Hauseit® / January 6, 2023

A Flat Fee MLS listing is a reduced commission brokerage service in which a seller pays a broker a flat fee to have their property listed on the MLS (Multiple Listing Service) and a comprehensive set of real estate search

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The Multiple Listing Service (MLS) is a shared database of real estate listings used by real estate agents to advertise and search for homes.

What Is the Multiple Listing Service?

By Sonja Gosine, Spokesperson at Hauseit® / January 6, 2023

The Multiple Listing Service (MLS) is a shared database of real estate listings used by real estate agents to both advertise and search for homes. The purpose of the Multiple Listing Service is to encourage cooperation between listing agents who

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Local Law 97 in NYC requires buildings over 25,000 sqft to meet greenhouse gas emission limits starting in 2024 and stricter limits in later years.

What Is Local Law 97 in NYC?

By Sonja Gosine, Spokesperson at Hauseit® / January 3, 2023

Local Law 97 in NYC requires most large buildings over 25,000 square feet to meet new greenhouse gas emissions limits by 2024 as well as stricter limits which take effect in 2030. From 2050 onward, a zero emissions requirement applies

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How much does the average agent make in NYC? How are commissions split? Do agents get a base salary? How much top agents can make & more.

How Much Do Real Estate Agents Make in NYC?

By Sonja Gosine, Spokesperson at Hauseit® / November 30, 2022

When the real estate market is hot, the industry always sees an inflow of new agents inspired by a plethora of reality TV shows glamorizing real estate agents selling multi-million dollar properties. And given the price points seen at the

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NYC property tax bills are accessible on the NYC Department of Finance website. Follow this guide to learn how to download and read your bill.

NYC Property Tax Bills: How to Download and Read Your Bill

By Sonja Gosine, Spokesperson at Hauseit® / November 23, 2022

Knowing how to download and read your NYC property tax bills is an important skill for existing homeowners and prospective purchasers. As a homeowner, you should review your NYC property tax bill regularly to make sure you’re receiving any abatements

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What Is an Open Listing in Real Estate?

By Sonja Gosine, Spokesperson at Hauseit® / November 23, 2022

An open listing means that a homeowner has agreed to allow one or more brokers to list their property on a non-exclusive basis. In other words, no single agent has the exclusive right to advertise the property and earn a

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The Alternative Veterans Exemption is a primary residence property tax discount in New York for veterans and eligible family members.

What is the NY Alternative Veterans Property Tax Exemption?

By Sonja Gosine, Spokesperson at Hauseit® / October 13, 2022

The Alternative Veterans Exemption is a primary residence property tax discount in New York for veterans and eligible family members. You must meet veteran status, residency and ownership requirements to qualify. The Alternative Veterans Exemption reduces your home’s assessed value

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