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Buying & Selling at the Same Time: What to Expect

Dec 13, 2023 ,,,,,,,,,

Buying a new home at the same time as you’re selling your old home is all about timing — and some luck, of course. And while you can’t control everything that happens during the complicated buying and selling process, there are some things you can do to set yourself up for smooth closings — maybe […]

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Condo vs Co-op: Downpayment and Asset Requirements

Nov 21, 2023 ,,,,,

Most co-ops require buyers to put down 20-25% of the purchase price, about the same as what most lenders require these days. But the range can be vast, depending on the co-op—anywhere from 10% down (rare) to 50% or more at higher-end buildings. Co-ops also expect you to have sufficient money left over (also known […]

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10 Ways To Give Back: Realty Collective Celebrates the Work of Red Hook Dog Rescue

Nov 20, 2023 ,,,

As part of our celebration of the holidays  — and as a thank you to the larger community that supports us all year long — Realty Collective is proud to feature the work of key non-profit organizations making the borough (and beyond) better every day. We’ve selected 10 non-profits to highlight and we encourage everyone […]

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What is a sponsor unit?

Nov 17, 2023 ,,,,

A special category of apartments in New York City are called “sponsor units.” Basically, asponsor unit in a condo building is a residence that has been owned by the developer and it’sgoing up for sale for the first time. Or in the case of a co-op, it is owned by the original owneror the corporation […]

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Realty Collective Response to NAR Judgement

Nov 10, 2023 ,,,,,,

At Realty Collective, it has always been our practice to monitor developments that may affect our clients and the way we serve them. The recent verdict in the federal court case against the National Association of Realtors (NAR) in Missouri is a significant event that has captured our attention. We understand that the court has […]

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Understanding Post-Closing Liquidity for NYC Co-ops

Nov 08, 2023 ,,,,,,,

If you’re exploring the idea of owning an apartment in the dynamic city of New York, particularly in a co-op building, you’ve likely come to understand that the journey can be complicated. Co-op buildings, in particular, have unique requirements that go beyond the conventional real estate process. From rigorous board interviews to stringent financial criteria, […]

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2023 New York Security Deposit Laws: A Guide for Brooklyn Residents

Nov 08, 2023 ,,,,,,,,

Welcome, Brooklyn residents! If you’re a landlord or tenant in our vibrant borough, you may be curious about the latest updates to New York’s security deposit laws for 2023. We will break down the latest and most significant changes to New York’s security deposit laws for 2023. So, let’s get right into it. Understanding Security […]

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Navigating Home Loans and Renovation Financing in NYC: A Comprehensive Guide

Nov 08, 2023 ,,,,,,,,

If you’re considering buying a property in New York City, you may have noticed that fully updated apartments are often priced higher and are in high demand, getting snatched up swiftly. Especially in today’s market, pandemic-induced supply chain issues have further boosted the appeal of move-in ready apartments due to delays in renovation materials and […]

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How to Prepare Your Brooklyn Apartment for a Fresh Start after Pet Occupancy

Nov 08, 2023 ,,,,,,

Allowing tenants to have pets is a great way to boost your number of renters. However, it can also add difficulty when it comes to cleaning between tenants. Cleaning and maintenance can be challenging without pets. Here are some helpful tips to make this process easier and less expensive for you and your current and […]

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Understanding Normal Wear and Tear in Your Brooklyn Apartment

Nov 08, 2023 ,,,,,,,

Moving to a new place in Brooklyn involves more than just the excitement of a fresh start; it entails a financial commitment that can add up quickly. The expenses can become daunting between broker’s fees, first and last month’s rent, hiring movers, and possibly purchasing new furniture. However, the silver lining lies in the return […]

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