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.
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Being part of a condo or co-op means buying a home that is part of a community. However, how much of a neighborhood can vary from place to place. Certain things are a natural part of buying a unit, regardless of which… Read More
Real estate never ceases to amaze people with the sheer number of different terms they have as part of their day-to-day occurrences. One of the standard terms you might hear is an “open listing” agreement in New York real estate… Read More
When the world saw COVID-19 first take hold in China, no one ever expected life to change drastically. 2020 marked one of the most uniquely terrible years in world history. The pandemic shut down the majority of businesses. Also, it… Read More
It’s no secret. Co-ops have a particular reputation among New Yorkers. They are known for being exclusive; people consider them a status symbol if you choose the right community. However, the price can be a drawback. While they may be… Read More
If you are looking into how a real estate transaction works, you’ve seen just how much paperwork it involves. It seems like there’s just document after document, and keeping track is hard. To help you out, we’ve compiled a comprehensive review… Read More
A one-time showing agreement is a short contract a for-sale-by-owner seller signs so a buyer’s agent will show the home. If that agent’s client buys the property, the seller owes the agent a commission, usually 2% to 3%, roughly half… Read More
An alcove studio is a studio with a recess off the main room, big enough for a bed and open to the rest of the space. Roughly 1 in 5 studios for sale has one. It’s priced between a studio… Read More
A legal bedroom in a New York City apartment built after April 1929 needs 80 square feet of floor area, no dimension under 8 feet, an 8 foot ceiling, and a window of at least 12 square feet facing a… Read More
Since the pandemic, mortgage rates have hit a record low. In 2020, a 30-year fixed mortgage rate was 3.86%, and now it has fallen to 2.96%, according to Bankrate. Many homeowners seek solutions to multiple debts and often turn to refinancing… Read More
Are building amenities vital for you? Can you give examples of amenities in apartments? If you’re a discerning home buyer looking for luxury real estate in New York City and its five boroughs, what do you look for in a… Read More
A junior 4 is a one bedroom apartment with a fourth room: bedroom, kitchen, living room, plus an alcove or small dining space. There’s no legal definition of the term. Whether that fourth room counts as a second bedroom is… Read More
In most cases, NYC real estate agents do not give commission rebates. Their New York and Westchester brokerages have convinced them it’s not worth working with rebate customers. Also, their firm would not approve any rebate. The average salary of… Read More
A reverse mortgage may be just right for you if you need money to live comfortably after retirement or are approaching retirement. How does a reverse mortgage work? Where to find a reverse mortgage calculator? This instrument can be the… Read More
Are you considering buying a co-op in NYC? Make sure you’re ready to file a UCC-1 financing statement. In this article, we’ll explain what a co-op UCC Financing Statement is. We will describe what it looks like and why banks… Read More
When planning to purchase an apartment or home in NYC, you will hear about contingencies from your broker and your real estate attorney. A contingent offer on the house is an offer where the buyer discloses potential contract contingencies in… Read More
