The Nest

NestApple's Real Estate Blog

Featuring real estate articles and information to help real estate buyers and sellers. The Nest features writings from Georges Benoliel and other real estate professionals. Georges is the Co-Founder of NestApple and has been working as an active real estate investor for over a decade.

Mortgage Contingency Clause in NYC

Sellers and Buyers alike often inquire as to the meaning of the “mortgage contingency clause,” one of the more significant clauses in New York real estate contracts. Simply put, a mortgage contingency clause ensures that if a buyer promptly applies for a… Read More

WHAT DID I GET MYSELF INTO… THEY ACCEPTED MY OFFER ON THAT NYC COOP – NOW WHAT?

They accepted my offer on a co-op in NYC, now what do I do? Relying upon your broker, StreetEasy, social media, friends and family, you have been searching for months for the perfect apartment. You have pressed a hundred elevator buttons,… Read More

How to do a 1031 Exchange in NYC

This post will teach you how to execute a 1031 exchange through exploring Explaining what a 1031 exchange is Rules of a 1031 exchange When could a 1031 exchange benefit me? Why is a 1031 beneficial in the short and… Read More

“Deadlines Within Deadlines”: Coop. Board Packages in New York & Commitment Letters

Deadlines in real estate transactions in New York City: A buyer (for purposes of this article, let’s call her Sally Streetwise) works with her broker to find a property she loves in a beautiful cooperative. The brokers work with the buyer and the seller… Read More

Big question: should you rent or buy in New York City?

Rent or buy in NYC? This is a tough question and there are experts that will be able to strongly argue and advocate for both sides of the equation. A simple way to look at this is, it depends. In… Read More

What is “post closing liquidity” in New York City Co-ops?

What is “post closing liquidity” in New York City Co-ops? In the process of buying an apartment in New York there are several concepts that are important to understand. Post closing liquidity is one of them. It literally means what it says:… Read More