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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 […]

Your Base Guide to Rental Flood Disclosure Addendums

Suppose you’ve recently signed a lease in New York City. You may have noticed a new document or addendum regarding rental flood disclosure in that case. Thanks to a law signed by Governor Kathy Hochul last year, landlords must now provide this information to renters for all leases and renewals signed after June 21st. This […]

How to Read and Understand a Real Estate Deal Sheet

Finding the right apartment or home, especially in Brooklyn, a top location in the NYC real estate market, is an exciting next step in your real estate journey. Once you have made an offer, the seller’s attorney or listing agent will give you a deal sheet or transaction sheet.  A deal sheet is a document […]

Post-Closing Possession: Everything You Need to Know

So, the seller wants to stay in their home after closing. It happens. Sellers want to take advantage of the market, the season, etc., and list their house before they’re actually able to move out. And with that comes a post-closing possession agreement.  The post-closing possession agreement has gone out of style in recent years […]

UPCOMING EVENTS : Red Hook, Brooklyn

Summer is just about here, especially in water-side Red Hook – which means there are plenty of events popping up all over town! Below are a few upcoming event in the next couple of weeks: Thursday, May 19, 2022 Red Hook Labs- Time Entry TicketsDate and Time – Friday April 15, 2022 at 1:00pm to July […]

Feeling Trendy? Here are the Top Renovations in Brooklyn for 2022

New year, new home styles — are we right? If you want to prepare your home for a top-dollar sale, jump on board with the smooth style our neighbors are taking on — smart specs, decade-replicating details, functional fashion, and more. We’re excited about what this year will bring, and we think you will be, […]

Don’t Get Catfished This Valentine’s- 6 Cat-Traps That Snare First-Time Buyers

Don’t Get Cat Fished! Common Mistakes Buyers Should Not Make Having an advocate by your side is an invaluable resource in your Brooklyn real estate search, since it can be easy to miss something when you don’t have a seasoned professional by your side. Even in the Google era, online savvy can’t replace agent experience […]

Guarantors Help New York Renters Secure Apartments

When applying for an apartment in New York City it’s a pretty standard request of  landlords that all applicants make an annual earning  of  at least 40 times the rent. If the applicant doesn’t meet that requirement then the applicant can submit an application with the help of a Guarantor. All Guarantors are required to […]

Shortcut to Calculate Approximate Monthly Mortgage Payments

For a while now we have been hosting “Buying into Brooklyn” workshops for first time home buyers with questions. Right by our side has been local loan officer Mark Maimon from Freedom Mortgage and we really can’t say enough nice things about him. He recently shared this shortcut for calculating mortgage payments with us and […]

Gender Gaps in the Real Estate World for Women as Home Buyers

Single women make up at least 15 percent of home buyers, making them the second largest group of buyers in the U.S. real estate market. The largest being married couples.  Also, statistically speaking, single women are likely to default less on their mortgages and tend to make larger down payments; in spite of their lower […]

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