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Understanding the Challenge of Completing Condo Questionnaires in NYC

Oct 09, 2023 ,,,,,,,

If you’re navigating the New York City real estate market as a potential condo buyer or owner looking to refinance, you’ve likely encountered a critical document—the condo questionnaire. This seemingly straightforward form significantly determines your loan eligibility and evaluates your building’s financial health and structural integrity. However, what might seem like a simple task often […]

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Simplifying Your Search: A Guide to Short-Term Rentals in NYC

Oct 09, 2023 ,,,,,,,,,

Are you in the midst of a short work contract, planning a college semester away, or simply exploring the vibrant city of New York? If you’re seeking short-term rental options in the bustling urban landscape, you’re in the right place. Short-term rentals typically span from a month to a year, providing flexibility and convenience to […]

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How to Counter a Low Appraisal

Sep 18, 2023 ,,,,,,

There’s a reason so many people experience sleepless nights over the appraisal process; whether you’re buying, selling, or refinancing, this specific decision can feel very much out of your control. Yet, so much depends on it.  If the appraisal comes in lower than expected, it can impact everything from the price and financing involved to […]

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Contingent Offers vs. All Cash Offers: Which is Better?

Sep 05, 2023 ,,,,,,,,

In the competitive New York City real estate market, sellers often assume that all-cash offers are the safest choice. However, there are situations where mortgage contingent offers may be less risky and even more attractive in the long run. As cash offers surge in popularity, it’s essential for sellers to carefully review potential buyers’ financials […]

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What is a REBNY Financial Statement and Why is it Important?

Sep 05, 2023 ,,,,,,,,,

When buying a co-op apartment in NYC, the REBNY Financial Statement is a crucial document that sellers and listing agents use to assess the financial strength of potential buyers. This ‘balance sheet’ summarizes a buyer’s assets, liabilities, monthly income, and projected expenses. It helps determine if the buyer meets the co-op’s strict financial requirements during […]

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Your Base Guide to Rental Flood Disclosure Addendums

Sep 05, 2023 ,,,,,,,,,

Suppose you’ve recently signed a lease in New York City. You may have noticed a new document or addendum regarding rental flood disclosure in that case. Thanks to a law signed by Governor Kathy Hochul last year, landlords must now provide this information to renters for all leases and renewals signed after June 21st. This […]

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Unlocking the Secrets to Finding the Right Neighborhoods in Brooklyn

Sep 05, 2023 ,,,,,,,,,,

When it comes to buying a property, the significance of the neighborhood cannot be underestimated. Choosing the right area goes beyond just finding a house; it profoundly impacts your quality of life, property value, and overall satisfaction with your investment. Conducting thorough research on the neighborhoods in Brooklyn is essential to ensure a successful home […]

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Understanding Land Lease Buildings in NYC: Risks, Opportunities, and Due Diligence

Jul 06, 2023 ,,,,,

Land lease buildings in New York City offer unique opportunities for savvy buyers, as they typically trade at a discounted price due to the uncertainties associated with lease renewals. Understanding the implications when a land lease expires is crucial for buyers, and working with an experienced buyer’s agent can provide valuable insights into this matter. […]

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Effective Tile and Grout Cleaning: Tips and Techniques

Jul 06, 2023 ,,,,,,

Cleaning tile and grout in your home can be challenging, as the best approach will depend on various factors, such as the type of stain and grout material. However, with proper identification and targeted cleaning methods, you can effectively restore the cleanliness of your bathroom walls without causing any damage. In cleaning tile and grout, […]

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Streamlining Real Estate Closings in New York State

Jul 06, 2023 ,,,,,,,

Real estate transactions in certain parts of New York State often encounter hurdles that impede smooth closings. Unlike many other states where real estate agents take the lead in handling transactions, negotiations in New York are primarily managed by attorneys who prepare contracts. This difference in approach often elongates the closing process, which typically lasts […]

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