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.
Buyers of HDFC cooperatives are not subject to any asset limits. Also, there are no net worth restrictions for purchasers of HDFC apartments in New York City. However, prospective HDFC buyers must adhere to income restrictions at the time of… Read More
Buying a home in New York City involves more than just the contract price. Buyer closing costs can add tens of thousands of dollars to the total cash required, especially for condo and townhouse purchases made with financing. Understanding these… Read More
The Westchester (NY) real estate market is booming. The most expensive purchase of your life will be your home. And it’s usually true. In most cases, your home will cost hundreds of thousands of dollars for the house alone. As… Read More
So you’ve found your dream house or your forever home. The seller has accepted your offer, and you’re ready to move in at the end of the home-buying process. But before you get the keys to your new house and… Read More
Westchester closing costs depend on price, loan, property type and municipality. The county’s statutory mortgage recording tax is 1.30%, while Yonkers is 1.80%; the lender generally pays a 0.25% residential component. Sellers usually pay New York’s 0.4% basic transfer tax,… Read More
There are a lot of closing costs associated with purchasing a home. Using a CEMA Mortgage loan in NYC is an excellent way for buyers to save money by reducing their mortgage recording tax liability. In this guide, we’ll go… Read More
When you purchase real estate in New York City, you must borrow money from a lender and obtain a “mortgage loan” in NYC. This is unless you have a lot of cash in the bank and are incredibly wealthy. Getting… Read More
If you bought a coop in New York City with a mortgage, you have heard of the Aztech Recognition Agreement. People also refer to it as the “Aztec form.” The buyer who applies for a co-op apartment with a mortgage… Read More
Quick answer: “For Sale By Owner” (FSBO) means the homeowner is selling directly, without a listing agent — which can mean real savings, since there’s no listing commission baked into the price. It does not mean you should skip your… Read More
Well, you’ve done it. After you hunted for a fantastic co-op in New York City, put together an application, and got your finances in order, you got approved. Well, kind of. According to the paperwork and the news your excited… Read More
Did you know that the starting price of renting a condo in New York City is over $3,400 per month? It is no secret that New York City is one of the world’s most expensive real estate markets. Some people… Read More
The recent NAR settlement impact does not prevent NYC sellers from paying a commission to buyer agents, which means immediate, widespread changes to the brokerage commission structure in NYC are unlikely. Since the implementation of the NAR settlement on 8/17/24, operations… Read More
In the real estate market, we talk about the real estate NY Disclosure Form, also known as the New York State Disclosure Form for Buyer and Seller. This document is an agency disclosure form that brokers and agents must give… Read More
Let’s face it: coop board interviews in New York remain stressful and intrusive. However, they exist for a reason. They live so that the current building residents can collectively decide whether applicants buy or rent an apartment in their building.… Read More
Living in NYC is a dream for many, but making it a reality is a nightmare if you’re not prepared for what’s in store. Here are some tips on finding your ideal home in the Big Apple to smooth over… Read More
