Hauseit Blog | NYC FSBO, 1% Listing Fee and Buyer Commission Rebate

The Senior Citizen Homeowners' Exemption (SCHE) allows seniors with an annual income below $58,399 to reduce their property taxes in NYC.

What is the NYC Senior Citizen Homeowners’ Exemption?

By Sonja Gosine, Spokesperson at Hauseit® / December 17, 2020 December 23, 2020

The Senior Citizen Homeowners' Exemption (SCHE) allows seniors (age 65+) with an annual income of $58,399 or less to reduce the property tax bill on their primary residence in NYC. This is accomplished by reducing the taxable assessed value of …

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Consumers can file real estate agent complaints with the NY Dept of State, REBNY, HUD or the Justice Dept Antitrust Division. Only do this as a last resort.

Real Estate Agent Complaints and How to Protect Yourself

By Sonja Gosine, Spokesperson at Hauseit® / December 9, 2020 December 10, 2020

Do you have a grievance with your real estate agent? There are many avenues for consumers to file real estate agent complaints, including the New York Department of State, the Real Estate Board of New York (REBNY), the U.S. Department …

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The biggest, secret reason besides high cost of living, high taxes and lockdowns that explains why people are leaving New York en masse.

Why are people leaving New York in droves?

By Sonja Gosine, Spokesperson at Hauseit® / October 23, 2020 October 24, 2020

Whatever your political beliefs, it's undeniable that New Yorkers are fleeing the state and NYC in particular. So why are people fleeing New York in droves? Is it because of current events like the pandemic or more endemic issues that …

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The risk of buying into a new development condo building with unsold units is that your apartment's value may decline. You may also face higher common charges.

What Happens If a New Condo Development in NYC Is Unsold?

By Sonja Gosine, Spokesperson at Hauseit® / September 24, 2020 October 1, 2020

NYC and Manhattan in particular experienced a surge of new construction condos between 2013 and 2018, and thousands remain unsold. This oversupply has resulted in falling prices ever since. While many new development condo buildings continue to sell out successfully, …

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Co-op monthly maintenance fees in NYC are not negotiable. Maintenance and assessments are set by the board and driven by a co-op's operating costs.

Are Co-op Maintenance Fees Negotiable in NYC?

By Sonja Gosine, Spokesperson at Hauseit® / September 21, 2020 September 28, 2020

Co-op monthly maintenance fees in NYC are not negotiable. The amount of monthly maintenance (and the rate and frequency of any increases) is set by each co-op’s Board of Managers and ultimately driven by a building’s cost of operations. The …

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What is the NYC Senior Citizen Homeowners’ Exemption?

Real Estate Agent Complaints and How to Protect Yourself

Why are people leaving New York in droves?

What Happens If a New Condo Development in NYC Is Unsold?

Are Co-op Maintenance Fees Negotiable in NYC?

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