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

Florida home sellers must disclose all known facts that materially affect the value of the property and that are not readily observable by the buyer.

What are Home Seller Disclosure Obligations in Florida?

By Sonja Gosine, Spokesperson at Hauseit® / April 24, 2023

Florida home sellers are legally required to disclose all known facts that materially affect the value of the property being sold and that are not readily observable or known by the buyer. Examples of mandatory disclosure items include known defects …

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Investing in Multifamily Real Estate

By Sonja Gosine, Spokesperson at Hauseit® / April 20, 2023

Investing in multifamily real estate has been a popular way to create passive income, tax write-offs and equity value over the past several decades. However, without the tailwind of 40 years of declining interest rates, does it make sense to …

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Queens is covered by both the REBNY RLS broker database and the OneKey MLS. There is no single Multiple Listing Service in Queens, NYC.

What Is the Queens Multiple Listing Service?

By Sonja Gosine, Spokesperson at Hauseit® / April 13, 2023

There is no single Multiple Listing Service (MLS) that is used exclusively in Queens, however the most widely used systems include the REBNY RLS and the OneKey MLS. Queens is primarily covered by the REBNY RLS broker database, although outer …

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Buying a home? There is no guarantee that your contract deposit being held in escrow on a real estate transaction is FDIC insured. Learn why.

Is Your Real Estate Contract Deposit FDIC Insured?

By Sonja Gosine, Spokesperson at Hauseit® / April 7, 2023

There is no guarantee that your contract deposit being held in escrow during a home purchase is FDIC insured. Whether your deposit is fully insured, partially insured or uninsured depends on the size of your escrow deposit and whether you …

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The step-up in basis for real estate allows real estate investors & their heirs to benefit from reduced income & capital gains taxes.

The Step-Up in Basis for Real Estate Explained

By Sonja Gosine, Spokesperson at Hauseit® / April 4, 2023

The step-up in basis in real estate is an important tax provision that applies to real estate and other assets transferred at death. It allows heirs to receive inherited property with a new basis that is equal to the fair …

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The only way to immediately reset your home’s days on market in the OneKey MLS to zero is by listing with a different brokerage. If you continue working with your existing listing agent, the day count may only reset if the listing is withdrawn or canceled and remains off the market for at least 60 days.

How to Reset Your Listing’s Days on Market on the OneKey MLS

By Sonja Gosine, Spokesperson at Hauseit® / March 29, 2023

The only way to immediately reset your home’s days on market to zero on the OneKey MLS is by listing with a different brokerage. There is no requirement for you to be off market for any number of days before …

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Do liens have an expiration date or do they stay on a house forever? Mechanic's liens vs tax liens, how to remove a lien & more.

How Long Does a Lien Stay On Your Property?

By Sonja Gosine, Spokesperson at Hauseit® / March 27, 2023

Contrary to what you might expect, most liens will expire after a certain amount of time, from 1 year for mechanic's liens in some states to unlimited for property tax and common charge liens until the debt is paid off. …

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What does cap rate mean for rental properties? Cap rate definition, examples, calculator, exact formula and more in plain English.

Cap Rate Real Estate

By Sonja Gosine, Spokesperson at Hauseit® / March 22, 2023

Cap rate is an important metric used by real estate investors to compare investment returns between different rental properties, before income taxes and any potential financing. Essentially, cap rate can be calculated by dividing the net operating income of a …

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Verbal offers in NYC are rarely taken seriously, and they can actually harm your negotiating position and reduce your odds of doing a deal.

The Truth About Verbal Offers in NYC Real Estate

By Sonja Gosine, Spokesperson at Hauseit® / March 20, 2023

You may be tempted to submit a verbal offer if you’re buying a property in NYC. As tempting as it may be, please don’t take the bait. Verbal offers in NYC are rarely taken seriously, and they can actually harm …

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Cash on Cash Return

By Sonja Gosine, Spokesperson at Hauseit® / March 15, 2023

Cash on cash return, cash on cash yield and cash on cash ROI (return on investment) all mean the same thing: what percent of your actual cash investment do you get back every year. More specifically for cash on cash …

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