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

Agents won't agree to an exclusive agency listing agreement because of conflicts of interest that such an agreement would create. Sample agreement & more.

Why Agents Won’t Agree to an Exclusive Agency Listing

By Hauseit / October 25, 2019 October 31, 2019

Real estate agents won't agree to an exclusive agency listing because of the conflicts of interest present in such an arrangement between the owner and the agent. The owner might just be price checking an existing offer, and the agent …

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Considerations when selling your NYC co-op and buying in the same building include board approval, logistics, sale contingency strategy and closing costs.

How to Sell Your NYC Co-op and Buy in the Same Building

By Hauseit / October 24, 2019 November 13, 2019

It’s a luxury most New Yorkers cannot afford: selling your existing co-op or condo to buy a larger apartment in the same building. The idea of remaining in the same school district, having the same neighbors and preserving all of …

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An alcove studio is a studio apartment with a small, separate sleeping area, or "alcove," that opens up into the main room, typically forming an "L" shape.

What Exactly Is an Alcove Studio in NYC?

By Hauseit / October 17, 2019 October 18, 2019

An alcove studio is a studio apartment with a separate sleeping area on either side, at the far end of the main room. This nook or "alcove" is typically left open to the main room, and is typically only large …

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How is Co-op Square Footage Calculated in NYC?

By Hauseit / October 14, 2019 October 18, 2019

Co-op apartments generally do not have official square footage numbers, although listing agents will often list a size in their marketing materials. Don’t trust these numbers because not only are they purely estimates that are inflated by at least 10% …

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Should Married People Be Buying a House Without Their Spouse?

By Hauseit / October 11, 2019 October 18, 2019

You certainly can buy a house without your spouse, and sometimes this may be the wiser move if your spouse has poor credit or lots of existing debt. However, whether you should buy a house without your significant other depends …

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Listing agents pushing to sell sooner for less, buyer agents avoiding FSBO sales. How to deal with conflict of interest in real estate + real life examples.

Conflict of Interest in Real Estate and How to Deal

By Hauseit / September 25, 2019 November 13, 2019

There are many conflicts of interest in real estate to be wary of, especially if you are a first time home buyer in NYC. We’ll go over a number of examples of conflict of interest in real estate between listing …

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What Are the Steps to Selling For Sale by Owner in NYC? Is Selling FSBO a Good Idea in NYC? What Is the Value Add of a Full Service Listing Agent?

For Sale By Owner NYC For Dummies

By Hauseit / September 19, 2019 September 25, 2019

Listing For Sale by Owner in NYC is a popular alternative to paying a traditional broker commission of 5% to 6% when selling in New York City. For many sellers, paying a broker commission of up to 6% in addition …

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The Housing Stability and Tenant Protection Act of 2019 restricts apartment deregulation in NYC and strengthens tenant protections for rent-stabilized and market rentals.

Changes to NYC Rent Laws for 2019

By Hauseit / September 3, 2019 September 25, 2019

A number of new rent laws and regulations recently took effect in NYC following the passage of the Housing Stability and Tenant Protection Act of 2019 by the New York State Legislature. Changes were made to rent stabilization laws, real …

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What is the financing contingency in NYC real estate? What does a financing contingency clause look like? Financing and funding contingencies, explained.

The Financing Contingency Explained

By Hauseit / August 29, 2019 August 29, 2019

The financing contingency is often misunderstood when it comes to NYC real estate deals. The financing contingency is actually a rather broad term for a contract contingency that can include many negotiable parts, such as an appraisal contingency or minimum …

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How to Sell Your Home Yourself in NYC

By Hauseit / August 28, 2019 September 5, 2019

If you’re looking for ways to sell your home yourself in NYC, chances are that you’re trying to reduce or fully eliminate the traditional 6% real estate commission paid by most sellers in NYC. Many articles have been written about …

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