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.

What is the Appraisal Contingency in NYC

An appraisal contingency is often included in real estate purchase agreements to protect the buyer. The buyer can withdraw from the contract if the property is appraised for less than the agreed-upon purchase price. This clause ensures that the buyer… Read More

Best Online Home Appraisal Tools in 2024

Online home appraisals can give homeowners and buyers a basic understanding of a property’s value. However, it is advisable to engage a professional appraiser for more precise and legally recognized appraisals, particularly for financing or selling purposes. Let’s go over… Read More

Capital Gains Tax on Co-op in NYC in 2024

When you sell a co-op in NYC, you are subject to federal and state capital gains tax. However, you may be able to exclude up to $500,000 of gains under the Section 121 home sale exclusion. This is provided you… Read More

How much a Home Appraisal cost in NYC?

The average home appraisal cost is $450, but prices can vary significantly due to the different sizes and types of houses. An appraisal for a smaller home in a rural area might cost around $300, while one for a property… Read More

How Long Does a an Appraisal Take?

The appraisal process is a crucial step in buying, selling, or refinancing a property. The home inspection portion of an appraisal typically takes between 30 minutes and 2 hours. However, the entire appraisal process can take three business days to… Read More

How can I Reset the Days on Market for a Listing in NYC

In New York City, a property listing must be off the market for 90 consecutive days for the “days on the market” count to reset, as per REBNY rules. Nevertheless, specific real estate platforms such as StreetEasy often reset the… Read More