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.
In NYC real estate, a protected buyer list includes names of buyers on whom your listing agent can still earn a commission after the original listing agreement expires. This list is also known as a protection clause, safety clause, or… Read More
Anti-competitive practices in NYC real estate include actions by agents that artificially inflate commission rates by discouraging competition among agents and brokerages. They also involve failing to fully disclose information to consumers. This can prevent them from securing the best… Read More
Home sellers typically accept earnest money in the form of personal checks, certified checks, ACH bank transfers, or wire transfers. Cash is generally not accepted because it’s difficult to track and record. Buyers have little incentive to use cash since… Read More
A mortgage co-signer is someone who agrees to share responsibility for a mortgage loan with the primary borrower. This option can assist the main borrower in obtaining a mortgage or better loan conditions. Below is a detailed overview of what… Read More
If you’re purchasing an apartment in New York City, you’ll probably need to include an Assumption of Alteration Agreement in your co-op board application. What is this document, and why is it required? An Assumption of Alteration Agreement means the… Read More
Whether you are purchasing or selling a cooperative apartment in New York City, it is evident that no party benefits when a board rejects a proposal. The reality of cooperative housing in NYC is that securing board approval is predominantly… Read More