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Typical co-op buyer financial requirements in NYC include 20% down, a debt-to-income ratio between 25% to 35% and 1 to 2 years of post-closing liquidity.

NYC Co-op Financial Requirements

Jan 17, 2019
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No purchase applications, condo boards or petty neighbors with a townhome. No dealing with building maintenance with a condo. Townhome vs condo explained.

Townhome vs Condo – Which Is Better in NYC?

Jan 16, 2019
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Seller closing costs in NYC are between 8% to 10% of the sale price. Closing costs include a 6% broker fee, NYC Transfer Taxes of 1.4% to 1.825% and legal fees.

How Much Are Seller Closing Costs in NYC?

Jan 15, 2019
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The NYC and NYS Transfer Tax for condo and co-op sellers is 1.425% for sales of $500k or less and 1.825% above $500k. Tax rates vary by property type.

The NYC and NYS Transfer Tax (RPTT) for Sell...

Jan 11, 2019
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3-6 reference letters per applicant. Ask for references as soon as you have a signed contract. NYC co-op board package reference letter samples & tips.

NYC Coop Board Package Reference Letter Samp...

Jan 10, 2019
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Stick to business casual. Be on time. Don't mention renovation plans. Don't ask questions. Tips on how to ace a co-op board interview in NYC and more.

How to Ace a Co-op Board Interview in NYC

Jan 09, 2019
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Hauseit explains how you can reduce or eliminate the typical NYC real estate commission.

What’s the Typical Real Estate Commission in...

Jan 08, 2019
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Minimum dimensions of 8 feet on either side. 2 forms of egress. Window of minimum 12 square feet. Learn what qualifies as a legal bedroom in NYC.

What Qualifies as a Legal Bedroom in NYC?

Jan 08, 2019
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Co op rules and regulation in NYC are generally more onerous than condo bylaws. Restrictions on subletting, selling your apartment and pet policies.

Co op Rules and Regulation in NYC

Jan 07, 2019
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Buying a coop in NYC can be a daunting process. What are the pros and cons of buying a coop apartment? When should you start working on the board package? What's the board interview really like? We take you step by step through the co-op buying process, from finding the perfect apartment to guidance for closing day.

The Complete Guide to Buying a Coop in NYC

Jan 04, 2019
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Land lease buildings are known to trade at a discount because of the uncertainty associated with lease renewals. But what happens when a land lease expires?

What Happens When a Land Lease Expires?

Jan 04, 2019
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Why are commission rebates not more common in NYC? What are some common reasons why most real estate agents refuse to give buyer rebates?

Why Do Real Estate Agents Not Give Commissio...

Jan 03, 2019
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