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Navigating New York Heating Laws in Your Brooklyn Apartment: A Guide for Renters

Finding the perfect apartment in Brooklyn can be an exciting endeavor. Still, sometimes, unexpected challenges arise, such as issues with heating systems. If you’ve found yourself in a situation where your apartment lacks proper heating, rest assured that you’re not alone. There are steps you can take to address this concern promptly and effectively Understanding […]

Coping with the Loss of a Pet in NYC: A Guide for NYC Residents

Losing a beloved pet is an emotionally challenging experience, and navigating the practical aspects of handling the situation can be equally overwhelming. Being animal-lover ourselves, we wish we can say we haven’t been there, but unfortunately, it’s part of life. Here are some resources to help you navigate the necessary steps if you lose your […]

The Selling Process: Mentally Preparing To Sell

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 […]

How Much Does It Cost to Sell a Home in Brooklyn?

Selling a house is time consuming and expensive — often much more than sellers might expect. When you’re thinking about selling, it’s easy to get excited looking at your Zestimate and seeing how much your home value has increased over the years, but it’s important to be prepared for the hidden, and sometimes overlooked, costs […]

Buying & Selling at the Same Time: What to Expect

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 […]

Condo vs Co-op: Downpayment and Asset Requirements

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 […]

How to Spot a Friendly Co-op or Condo Board

When you buy a co-op or condo in New York City, it’s easy to focus more on the apartment (its price, size, and location) than the building–let alone the personality and temperament of the co-op or condo board that runs it. But make no mistake: Beyond deciding whether you may become an owner in the […]

Realty Collective Response to NAR Judgement

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 […]

Understanding Post-Closing Liquidity for NYC Co-ops

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, […]

Affordable Homeownership in Brooklyn: A Guide to HDFCs for Buyers

In New York City, affordable housing is often associated with rentals. Still, an alternative for those looking to own a home without breaking the bank is limited equity housing co-ops, specifically Housing Development Fund Corporations (HDFCs). These co-ops are tailored for lower-income individuals and families, offering below-market prices and strict income caps. What Are HDFCs? […]

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