In the competitive world of Brooklyn real estate, where all-cash buyers seem to hold a distinct advantage, aspiring homeowners often find themselves wondering how to level the playing field. One strategy that has gained popularity in recent years is waiving the mortgage contingency. Let’s take a look at what the mortgage contingency is, what it […]
In the bustling world of New York real estate, where every dollar counts, it’s surprising that a money-saving strategy often overlooked by condo buyers and sellers exists. Known as a Purchase Consolidation Extension and Modification Agreement (PCEMA), or simply a “splitter,” this ingenious technique, borrowed from the realm of commercial real estate, can potentially […]
FISP Local Law 11 NYC The NYC Facade Inspection Safety Program (FISP), formerly known as LocalLaw 11, requires NYC buildings taller than six stories to have their facadesinspected and repaired every five years.In this article, we discuss the history of FISP and explain how Local Law 11affects you as a buyer of New York City […]
