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

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

Jan 30, 2024 ,,,,,,,,

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 […]

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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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How to Spot a Friendly Co-op or Condo Board

Nov 13, 2023 ,,,,,,,,

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 […]

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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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Affordable Homeownership in Brooklyn: A Guide to HDFCs for Buyers

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

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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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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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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Navigating Credit Repair: Your Path to Confidence

Nov 07, 2023 ,,,,,,,,

In today’s world, credit scores play a significant role in shaping our financial opportunities. Whether you’re considering purchasing a home or looking to rent an apartment, your credit score can influence the outcome. Understanding and improving your credit history is vital, especially if you’ve faced challenges like Taqwanna Clark. Clark’s story reflects the journey many […]

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