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.
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
In this article, we will provide an overview of the most important questions to ask your real estate attorney in New York City. By reviewing the following list of questions, you will learn how to interview a real estate lawyer… Read More
A gift letter is often necessary when submitting an offer for a co-op apartment in New York City. While not all listing agents require a gift letter as part of the offer documentation, it’s wise to prepare one in advance. This is… Read More
Mitchell-Lama apartments are part of New York State’s affordable housing program for real estate. This program allows residents to live in well-maintained buildings with below-market rents or to purchase cooperative apartments at prices that are below the market rate. Currently,… Read More
Earnest money is the buyer’s good-faith deposit under a signed purchase contract. In NYC, the contract deposit is typically 10% of the price, held in escrow and credited at closing. Whether it returns after a failed deal depends on the… Read More
Have you considered using your home’s equity to finance a significant project or pay off some debt? If so, you’re not alone. Many homeowners believe borrowing against the value of their homes to handle substantial expenses. Home equity can seem… Read More
Just over 44 million American households are renters. That means there are always millions of people looking for new rental properties and millions of opportunities for new property investors. If you’re considering investing in property, now’s a good time. One crucial… Read More
Several factors should be considered when deciding whether to take out a mortgage loan. However, the most important thing is to consider your purchase a long-term commitment and that you’ll live with this decision for quite some time. Some key factors… Read More
Purchasing a co-op in New York City differs significantly from buying real estate elsewhere. Co-ops make up a large part of the NYC housing market. Still, many buyers misunderstand their structure, approval process, and financial requirements. If you’re considering buying… Read More
Ground leases are relatively common in New York City commercial real estate leases. Some of New York’s most unique properties, like the Chrysler Building, carry one. While searching for an apartment, buyers sometimes find a listing too good to be… Read More
What is an acceptable offer on a property? How do you accept an offer on a home? What happens after your offer is accepted on a home? They accepted my offer to work as a co-op in NYC. Relying on… Read More
When you buy a condo in NYC, the lender will typically use a condo questionnaire before giving you the loan. But don’t worry; this isn’t something you must fill out as the borrower. Instead, the condo questionnaire goes to the… Read More
When trying to buy a home, you must assemble a comprehensive package that serves as a purchase offer. It’s a hefty bit of paperwork, but in most cases, buyers don’t deliver the package to the seller. Or rather, you don’t… Read More
Read our guide if you’ve ever considered buying or selling a home using a rent-to-own agreement or programs in NYC. Rent-to-own homes and apartments remain relatively rare in NYC due to co-ops and banks’ strict financial requirements around debt-to-income ratios… Read More
