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Brooklyn Real Estate Landscape: The Power of Single Woman Homeownership

Brooklyn Real Estate Landscape: The Power of Single Woman Homeownership

Mar 04, 2024 ,,,,,,

As we delve into the exciting realm of Brooklyn real estate, it’s imperative to acknowledge the rising influence of single women in the housing market. In this guide, we’ll explore how real estate agents can effectively engage and empower single women buyers, whether searching for rental properties or looking to make a homeownership investment. 1. […]

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Understanding and Managing High Con Edison Bills: A Guide for Brooklyn Home Seekers

Jan 31, 2024 ,,,,,,

We understand that the cost of living in this vibrant borough comes with challenges. One concern that often arises is the spike in your electric bill. You might be asking the question, “Why is my electric bill so high?” Below, We’ll delve into the reasons behind the recent surge in utility costs and explore available […]

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How to Select the Right Buyer’s Agent

Jan 30, 2024 ,,,,,,

Start by asking family and friends if they can recommend an agent. Compile a list of several agents and talk to each before choosing one. Look for an agent who listens well and understands your needs, and whose judgment you trust. You should be able to rely on your agent for support, guidance, and insight […]

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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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What is a sponsor unit?

Nov 17, 2023 ,,,,

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

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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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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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Navigating Home Loans and Renovation Financing in NYC: A Comprehensive Guide

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

If you’re considering buying a property in New York City, you may have noticed that fully updated apartments are often priced higher and are in high demand, getting snatched up swiftly. Especially in today’s market, pandemic-induced supply chain issues have further boosted the appeal of move-in ready apartments due to delays in renovation materials and […]

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