Buying Properties Archives - Page 3 of 8

Is closing without a Realtor possible if you already have an attorney? What do Realtors do after an accepted offer? What if I don't have an attorney?

The Complete Guide to Closing Without a Realtor

By Sonja Gosine, Spokesperson at Hauseit® / October 29, 2018

Closing without a Realtor is easy in states like New York where real estate attorneys are required for contracts. Closing without a Realtor is more difficult in states like California where real estate attorneys are not commonly utilized, and where [...]

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Buying a house without a Realtor is easy. There’s no requirement for the buyer to have a Realtor; however, most sellers will have a listing agent representing them.

How to Buy a House Without a Realtor

By Sonja Gosine, Spokesperson at Hauseit® / October 26, 2018

Buying a house without a Realtor is easy. There’s no requirement for the buyer to have a Realtor; however, most sellers will have a listing agent representing them. Many MLS broker databases allow members of the public to search for

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It’s easy to fail a co-op board interview in NYC if you haven’t taken the time to prepare. Learn the top reasons for failing a coop board interview in New York City.

How to Fail a Co-op Board Interview in NYC

By Sonja Gosine, Spokesperson at Hauseit® / October 25, 2018

It’s easy to fail a co-op board interview in NYC if you haven’t taken the time to prepare. Truth be told, the co-op board interview itself isn’t very difficult. Receiving an interview invitation actually means that the board has already

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How long a NYC apartment has been on the market shouldn’t affect your decision whether to buy a home. There are a number of possible causes for a high day count.

Should You Buy a NYC Apartment That Has Been on the Market Too Long?

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

Despite the perpetual press coverage of bidding wars, the truth is that not all apartments in NYC sell quickly. There are a number of potential reasons why a NYC apartment has been on the market for a long time. Possible

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A post-closing REBNY coop financial statement is a common requirement for co-op board applications in NYC. It shows your assets and liabilities upon closing.

What Is a Post-Closing REBNY Coop Financial Statement?

By Sonja Gosine, Spokesperson at Hauseit® / October 18, 2018

A post-closing REBNY coop financial statement is a common requirement for co-op board applications in NYC. The post-closing financial statement is your pre-closing financial statement with three changes: add your purchase price to real estate under assets, remove the contract

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A co-op post-closing cash flow statement may be requested by a coop board as part of your board application. Download a template post-closing cash flow statement.

What Is a Co-op Post-Closing Cash Flow Statement in NYC?

By Sonja Gosine, Spokesperson at Hauseit® / October 16, 2018

If you’re buying a co-op in NYC and preparing a board application, you may be asked to submit a post-closing cash flow statement alongside your financial statement. The post-close statement of cash flows is actually rather simple and nothing to

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Learn the most common reasons for a co-op board rejection in NYC and how you can avoid a board turn down when buying or selling a co-op apartment in New York City.

How to Get Rejected by a Co-op Board in NYC

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

Whether you’re buying or selling a co-op apartment in NYC, nobody wins when there’s a board rejection. The truth about co-ops in NYC is that board approval is almost entirely outside of your control. A co-op board can reject an

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The fees and buyer closing costs associated with buying a co-op in NYC are approximately 1% to 2% of the purchase price. Co-ops have lower closing costs than condos in NYC.

What Are the Fees When Buying a Co-op in NYC?

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

The fees associated with buying a co-op in NYC are approximately 1% to 2% of the purchase price. These fees include a board application fee, real estate attorney fees, move-in deposits and/or fees, the Mansion Tax as well as financing

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Many co-ops in NYC prohibit adjustable rate mortgages. Other co-ops require a higher down payment if you are using an adjustable rate mortgage (ARM).

Can I Use an Adjustable Rate Mortgage When Buying a Co-op in NYC?

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

Co-op buyers in NYC are often surprised to find out that many buildings have restrictions on using an adjustable rate mortgage. Some New York City coops prohibit adjustable rate mortgages altogether, while others allow them subject to certain guidelines. Co-ops

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It’s not customary to get a home inspection before signing a contract on a co-op apartment in NYC. There are some instances where an inspection is a good idea.

Should You Get an Inspection Before Buying a Co-op in NYC?

By Sonja Gosine, Spokesperson at Hauseit® / October 10, 2018

It’s not customary to get a home inspection before signing a contract on a co-op apartment in NYC. With that said, there are a number of instances where hiring a home inspector makes sense in the case of a coop.

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