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What is a sponsor unit? 

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

NYC Co-ops, Your Buying Power and Your Values Aligned

We have all heard of food co-ops and thing they are good but do we know why? and what actually is  a food co-op? Wikipedia says: “A food cooperative or food co-op is a food distribution outlet organized as a cooperative, rather than a private or public company. Food cooperatives are usually consumer cooperatives, where the decisions regarding the production and distribution […]

Open House Tips for Buyers.

We have shared our thoughts and ideas in the past for sellers staging their homes for an open house (see our blog post 5 Tips on Staging Your Home) but now we’d like to talk about the other side of this process, attending an open house. For first-time home buyers especially this may be a bit […]

Pre-Qualification vs. Pre-Approval by Jane Herro

When it comes to the home-buying process, a key part of the equation is being ready. A common misstep that people make at the beginning of their search is not being ready with a pre-approval letter, but instead a pre-qualification. A pre-qualification is based on non-verified information provided to the mortgage broker by the applicant […]

Open House Safe Word by Jane Herro

Sunday to you may mean brunch. Sunday to me means hitting up open houses around Brooklyn. I can already feel the 2018 sales market heating up and when you’re slated to view 8 apartments in a 3 hour span in 5 different neighborhoods, you have to be strategic in your approach. Enter the open house safe word, […]