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.
You are subject to federal and state capital gains taxes when selling a co-op in NYC. You may be able to exclude up to $500,000 of gains under the Section 121 home sale exclusion, provided that specific ownership and use… 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
Does the listing agent ask you to submit a REBNY financial statement form in NYC with your offer to buy an apartment? A REBNY form was only provided for the NYC real estate market co-ops. However, this financial disclosure form became a… 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 decide collectively if 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