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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Buying or selling a property in New York City with an existing tenant is often more challenging than dealing with a vacant unit. It applies primarily to co-op and single-family homes and does not cater to investors. However, buying a… Read More
The story below is factual and accurate: A Broker did not reflect a $5 million real estate offer. I created Nestapple 2 years ago, and I have repeatedly heard, “I don’t like dealing with brokers,” “I’ve had a bad experience… Read More
Photography is an art and can be used as a powerful tool when the time comes to advertise your property. We will list our top 5 reasons for hiring a real estate photographer in NYC. Today, the real estate market… Read More
I decided to write a quick blog post on this concept after we encountered a new term emerging from the Construction Industry’s jargon. Several home buyers using NestApple asked us what a capital contribution fee in NYC is. Sometimes, people… Read More
When buying property, it can feel like a lot is happening all at once. The attorneys finalize the deal, draft and negotiate the contract quickly. Then, the building’s board and management provide various “due diligence” materials. A wealth of publicly available information can… Read More
Seller closing costs NYC owners face usually include New York State and city transfer taxes, the seller’s attorney, mortgage payoff work, building charges and negotiated brokerage compensation. For an individual residential unit, NYC transfer tax is 1% at $500,000 or… Read More
Simply put, a mortgage contingency clause in NYC real estate ensures the following: Say a buyer wants to buy a home and applies for a loan from a bank. If the buyer fails to obtain a firm commitment for a… Read More
Several concepts are essential to understand when buying an apartment in New York. Calculating Coop post-closing liquidity for a mortgage in NYC is one of them. In summary, it means: after closing, how much money will you have available? It would be… Read More
You finally made it and can see the end in sight. You are hours away from getting the keys to your new place. The final home walkthrough in NYC is one of the last steps in the purchase process, and it serves as the… Read More
NYC’s real estate market is one of the most competitive in the world for home buyers. For example, you think you have found your dream home on StreetEasy and attend the open house only to learn that you are competing… Read More
Buying a new development in NYC differs from a resale in four ways: closing costs are about 2% higher because the buyer usually absorbs the transfer taxes; the sponsor’s offering plan sets the terms; financing often goes through a preferred… Read More
Buyer brokerage means having a licensed agent who works for you, the buyer, not the seller. In New York, you always have a right to one. Since January 2025, a REBNY member signs a written buyer agreement with you before… Read More
To buy an apartment in NYC: get a real mortgage pre-approval, decide whether you want a co-op or a condo, hire a New York real estate attorney, make an offer, sign a contract with a 10% deposit, pass the board,… Read More
Don’t bother ordering halibut next time you go out for sushi in New York or Los Angeles. It’s unlikely halibut at all. Did you know that when you eat out at restaurants, the fish served is not what you ordered… Read More
Did you know you can legally sell your home WITHOUT a broker and list it yourself on the MLS and consumer websites on StreetEasy, Facebook, or Zillow? Selling a home FSBO for a flat fee in New York can be… Read More
