fbpx

Renovation Diaries: Top 5 Reasons a Recycled Kitchen is Better Than New

by Tina Fallon One thing I’ve learned from 17 years as a real estate agent and 22 years as a serial renovator: newer is not necessarily better. Just as pre-war apartments have a particular cachet, using recycled materials in your renovation can imbue your home with style and quality – and save you time and […]

Top 6 Suggestions For Hiring Movers When Moving In Brooklyn

Are you moving to Brooklyn, NY? Or maybe you’re already in Brooklyn but have found a new place. Packing and hauling all your belongings can be stressful, which is why many people who move and live in the big apple hire movers. We put together a few suggestions to keep in mind when hiring movers […]

The Average Condo Common Charges in NYC Are Increasing. Why?

Buying a condo in Brooklyn is an exciting time as the area keeps growing in popularity. We have said time and time again to expect the unexpected fees when you are buying in New York City. Realty Collective is here to give you the rundown on the average condo common charges in NYC that could […]

Mortgage Recording Tax: What Is It?

When deciding to purchase a co-op, condo, or home in Brooklyn, New York, you can be guaranteed additional fees and taxes will add up. Some of the fees that can be included in your closing cost are the mansion tax, transfer tax, title insurance, and linen tax (for co-ops). You can also be guaranteed a […]

Understanding Debt-to-Income Ratio for Co-ops in Brooklyn

Before searching for “what Brooklyn neighborhood I should live in,” you may want to consider your debt-to-income ratio or DTI. Buying into a co-op can be great and challenging all at the same time. We did a little research ourselves, so you have an idea of what the debt-to-income ratio for co-ops in Brooklyn looks […]

How to Read and Understand a Real Estate Deal Sheet

Finding the right apartment or home, especially in Brooklyn, a top location in the NYC real estate market, is an exciting next step in your real estate journey. Once you have made an offer, the seller’s attorney or listing agent will give you a deal sheet or transaction sheet.  A deal sheet is a document […]

There are More Single Women Homeowners Than Single Men

Happy Women’s History Month! At Realty Collective we find it important to highlight local women owned businesses in Brooklyn. We have a whole blog category dedicated to it. Female owned businesses are an important part of our community and without them we wouldn’t be here, literally, Realty Collective is co-owned by Victoria Alexander, a real […]

How will the Recent Bank Collapses Affect Your Mortgage Interest Rate?

Silicon Valley Bank made national news last week with its collapse, prompting the Federal Reserve, Federal Deposit Insurance Corp. and Treasury Department to create an emergency program to backstop all deposits using the Fed’s emergency lending authority. Silicon Valley Bank became the second largest bank failure in U.S. history, and the largest since the 2008 […]

To Ban or Not To Ban E-Bike Battery Storage

This year alone, there have been more than 30 fires all around New York City due to faulty e-bike batteries, leaving landlords & management companies unsure on how to mitigate the potential risk. NYC lawmakers, too, are concerned about the safety of tenants across the five boroughs, banning the sale of non-certified batteries to reduce […]

5 Creative Solutions To Reduce Your Brooklyn Closing Costs When Buying A Home

Buying your dream home in the Brooklyn real estate market can be difficult due to increasing interest rates. In addition to that are co-ops, which typically require ample cash reserves on top of the down payment. Depending on the type of property you want to buy, whether apartment or townhome, the closing cost can be […]