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.
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
Dear sellers, while we hope you are sitting on a profit and lots of gains on your equity, you may be surprised at how much you will net after closing costs and taxes. What are the closing costs for sellers… 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