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The Selling Process: Mentally Preparing To Sell

Jan 30, 2024 ,,,,,,,

The typical seller in the United States lives in their home for 13 years before putting it up for sale—and New Yorkers are even more loyal, with most recent estimates clocking in near 15 years. No matter where you live though, the prospect is daunting. Most potential sellers spend more than six months just thinking […]

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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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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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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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Safeguarding Your Property: Detecting Fraudulent, Expired, or Canceled Certificates of Insurance

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

When it comes to property management and renovations, a genuine and up-to-date Certificate of Insurance (COI) is your safety net. Beyond detecting fraudulent COIs, ensuring that the policy is current and has yet to be canceled or expired is equally crucial. Contractors sometimes acquire a policy for documentation purposes, only to cancel it later. You […]

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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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5 Tips for Dealing with Your Neighbors’ Odors in Your Apartment

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

Unwanted odors from neighboring apartments can be an irritating problem for many apartment dwellers. Whether it’s cigarette smoke, incense, or cooking smells, finding ways to block out these odors can significantly improve your living environment. While it’s challenging to eliminate such odors completely, there are several steps you can take to mitigate the issue and […]

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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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