Are you dreaming of calling the vibrant city of New York your home but find the idea of buying a property overwhelming? The bustling real estate market of NYC may seem daunting, but what if we told you that you’re more ready than you think? In our free, virtual workshop, Kristen Euretig, a seasoned Certified […]
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 […]
First, let’s answer the question, “What are Adjustable-Rate Mortgages?”. An ARM is an alternative option to the traditional fixed-rate mortgage. Unlike fixed-rate mortgages, they provide borrowers with the flexibility of a fixed interest rate for a specific number of years, after which the rate and monthly payment can fluctuate. ARM loans are commonly structured in […]
By: Eli Loebenberg, CPA, CEO, Madison SPECS A key component of any commercial lease agreement is the tenant improvements and allowances, which are provided by the landlord. The landlord usually provides customized alterations to a rental space in order to configure the property for the needs of that particular tenant. The costs of building […]
Buying a condo in Brooklyn is an exciting time as the area keeps growing in popularity. We have said time and time again to expect the unexpected fees when you are buying in New York City. Realty Collective is here to give you the rundown on the average condo common charges in NYC that could […]
When deciding to purchase a co-op, condo, or home in Brooklyn, New York, you can be guaranteed additional fees and taxes will add up. Some of the fees that can be included in your closing cost are the mansion tax, transfer tax, title insurance, and linen tax (for co-ops). You can also be guaranteed a […]
Before searching for “what Brooklyn neighborhood I should live in,” you may want to consider your debt-to-income ratio or DTI. Buying into a co-op can be great and challenging all at the same time. We did a little research ourselves, so you have an idea of what the debt-to-income ratio for co-ops in Brooklyn looks […]
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 […]
