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
The step-up in basis for real estate is an important tax provision that applies to properties and other assets transferred upon death. This provision allows heirs to inherit property at a new basis equal to the fair market value of… Read More
If you have closed on a mortgage for a primary residence, you can typically rent it out after living in it for at least one year. Most mortgage agreements in the United States include a clause that requires you to… 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
Buyer broker commission rebates are legal in New York, including New York City, and are generally non-taxable income. Therefore, most buyer agents in NYC typically do not issue a 1099 IRS form when providing a buyer broker commission rebate. In the… 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