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.
Moving anywhere is stressful, but relocating in Knoxville, TN, comes with its own local quirks. From steep driveways to unpredictable weather, overlooking these details can turn an already hectic process into a real headache. Below are five common mistakes people… Read More
Every year, some version of the same story gets shared thousands of times online. A college student quits school, builds a company in a garage, and eventually becomes a billionaire. Bill Gates. Mark Zuckerberg. Steve Jobs. The names are familiar,… Read More
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
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
Both co-purchasing a co-op and using a guarantor when buying a co-op are viable options for buyers with shaky finances that might not qualify for approval by the co-op board on their own. It’s important to understand that co-purchasers share… Read More
In New York City real estate, the terms “contract deposit” and “down payment” are often confused by first-time buyers and new agents, but they have different meanings. The down payment is the portion of the purchase price that a buyer… Read More
A contract rider in a real estate deal in New York City? Does the rider take precedence over the main purchase contract? In this article, we will cover everything you need to know about contract riders for real estate transactions… Read More
Purchasing a home in NYC can be tough. How to make an offer on a home? Our guide reveals insider tips for buyers, from market analysis to strategic offers, helping you secure your dream apartment for less. Making an offer on… Read More
What is a Letter of Intent in commercial real estate sales and leasing? Is a Letter of Intent binding? What terms and conditions are typically discussed? In this guide, we will clarify everything you need to know about Letters of… Read More
A typical NYC co-op board application requires applicants to submit three to six letters of personal and professional reference. It’s essential to request the Board Package Reference Letter as soon as you have a fully executed purchase contract. To be… Read More
When purchasing a property in NYC, you might want to submit a verbal offer. However, it’s essential to resist this temptation. Verbal offers in NYC are rarely taken seriously, as they can weaken your negotiating position and ultimately decrease your… Read More
A co-op lien search, also known as a cooperative apartment lien search, is typically ordered by the buyer’s attorney after a purchase contract has been signed. The seller must typically resolve any outstanding liens against the seller or the co-op… Read More
