Buyers' Agents Archives - Page 3 of 5

Real estate agents are not obsolete in NYC. Over 95% of sellers and 75% of buyers use brokers in NYC, and commissions remain stubbornly fixed at 5% to 6%.

Are Real Estate Agents Obsolete in NYC?

By Nick Oliver, Principal Broker at Hauseit / August 27, 2019

Real estate agents in NYC still represent over 95% of sellers and over 75% of buyers as of today despite major advances in technology and information accessibility for consumers. Furthermore, real estate commissions in NYC remain stubbornly fixed at 5% [...]

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Low rental yields, new rent regulations and difficult tenants are just some of the reasons why buying a multi family home in NYC is a bad investment.

Why Buying a Multi Family Home in NYC Is a Bad Investment

By Nick Oliver, Principal Broker at Hauseit / July 23, 2019

Buying a multi family home in NYC is a bad investment because rental yields are extremely low, opportunity costs are high, dealing with bad tenants is mind-numbing, evictions are impossible, local rent laws are stifling and labor and maintenance costs

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Cooperating with buyer’s agents as a seller in NYC is especially important considering that more than 75% of prospective buyers are represented by buyer brokers.

How to Deal with Buyers’ Agents in NYC

By Nick Oliver, Principal Broker at Hauseit / June 19, 2019

Cooperating with buyer’s agents as a seller in NYC is especially important considering that more than 75% of prospective buyers are represented by buyer brokers. Failing to market your home to represented buyers essentially deprives your listing of the majority

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Can a Seller Accept Another Offer While Under Contract?

By Nick Oliver, Principal Broker at Hauseit / May 21, 2019

A seller cannot accept another offer if their listing is in contract, meaning that they already have a fully executed purchase contract in place with a buyer. Technically, a seller can do whatever they wish because accepted offers are rather

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What to Negotiate in a Real Estate Listing Agreement

By Nick Oliver, Principal Broker at Hauseit / May 1, 2019

Most sellers don’t know that a listing contract is negotiable to begin with, let alone what to negotiate in a real estate listing agreement. We’ll show you in this article how to negotiate both the total commission rate as well

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The complete guide to real estate’s various titles and license types. We’ll explain the difference between broker vs Realtor vs agent and more.

Broker vs Realtor – What’s the Difference?

By Nick Oliver, Principal Broker at Hauseit / March 6, 2019

A Realtor is always a broker1 or agent because being licensed is a requirement for being a Realtor, but a broker may not always be a Realtor. That’s because Realtor is a trademarked, made up title used by real estate

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3 Reasons Why NYC FSBO Sellers Fail

By Nick Oliver, Principal Broker at Hauseit / October 30, 2018

The top 3 reasons why NYC FSBO sellers fail to sell include poor listing syndication, unrealistic pricing and a lack of professional photos and a floor plan. In a slower market with a higher average day count for listings, NYC

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Houses come on the market all year round in NYC although you’ll see more activity in the spring and fall selling seasons.

When Do Houses Come on the Market in NYC?

By Nick Oliver, Principal Broker at Hauseit / October 25, 2018

Houses come on the market all year round in NYC although you’ll see more activity in the spring and fall selling seasons. The luxury segment of the market slows down significantly during the late summer and winter months in NYC

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The 421g tax abatement and exemption in NYC explained. History of the 421-g tax incentive and how to calculate and verify the incentive. Projection model.

What Is the 421g Tax Abatement in NYC?

By Nick Oliver, Principal Broker at Hauseit / October 24, 2018

The 421g tax abatement was created in the mid 1990’s to incentivize developers to convert old downtown office buildings into residential use as businesses migrated to Midtown. The 421g tax abatement covers Lower Manhattan, meaning most areas south of Murray

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The original 421a tax abatement program in NYC began in 1971 and is named after section 421-a of the New York Property Tax Law.

The 421a Tax Abatement in NYC Explained

By Nick Oliver, Principal Broker at Hauseit / October 23, 2018

The original 421a tax abatement program began in 1971 and is named after section 421-a of the New York Property Tax Law. The tax abatement was meant to encourage developers to build multi-family residential buildings, with an emphasis on affordable

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