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Is It Helpful To Renovate Before Selling An Apartment in Brooklyn?

Apr 18, 2023 ,,,,,,,,

Suppose you are considering selling your Brooklyn apartment in this never-changing competitive real estate market. In that case, you should renovate or freshen up the space. There are a few factors to think about for your apartment remodel. Keep reading to find out where to draw the line. Is It Helpful To Renovate Before Selling […]

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

Apr 18, 2023 ,,,,,,

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 […]

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What does it mean when an apartment listing says “net effective rent”?

Apr 18, 2023 ,,,,,,,,

You might find a listing that says “net effective rent” when searching for that perfect Brooklyn apartment. What does this mean? Is the price listed the price I pay? How is it calculated? We have all your answers below.  What is net effective rent? Before we explain the definition, let’s understand two other real estate […]

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What Tax Documents Do I Need To File My Taxes as a Landlord?

Apr 18, 2023 ,,,,,,,,,,

When becoming a landlord or property manager, you are responsible for reporting your rental income each tax season. You can be subject to costly fees, fines, or penalties if you don’t report the proper landlord taxes. This is especially true with the current 1099 requirement from the IRS.  1099 requires landlords to report rental income […]

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How to Read and Understand a Real Estate Deal Sheet

Mar 22, 2023 ,,,,,,,,,

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 […]

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There are More Single Women Homeowners Than Single Men

Mar 21, 2023 ,,,,,,,,

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 […]

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

Mar 21, 2023 ,,,,,,,,

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 […]

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To Ban or Not To Ban E-Bike Battery Storage

Mar 21, 2023 ,,,,,,,,,

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 […]

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

Feb 22, 2023 ,,,,,,,

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 […]

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Top 7 Important To-Dos that Make Life Easier When NYC Apartment Hunting

Feb 21, 2023 ,,,,,,

Moving to New York City is super exciting – think of all the adventures you will have! What might be less exciting is NYC apartment hunting. But when you find the perfect place, it all seems just to fall into place. To make this part of the journey a little easier, Realty Collective has come […]

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