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.
Real estate purchase agreements often include an appraisal contingency 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 is not… Read More
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 when financing or selling. Let’s review the Top… Read More
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
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 to complete. However, the entire appraisal process can take anywhere from… Read More
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
Is it true that smaller condo buildings pay lower taxes? An interesting aspect of New York City’s current property tax system is that homeowners in condominium and cooperative buildings with ten or fewer units pay lower property taxes than unit… Read More