Buying in NYC Archives

The COVID-19 pandemic resulted in permanent changes to the co-op board approval process in NYC including digital application submission and virtual interviews.

How Has COVID-19 Changed the NYC Co-op Board Approval Process?

By Sonja Gosine, Spokesperson at Hauseit® / January 12, 2021 January 16, 2021

The COVID-19 pandemic of 2020-2021 resulted in permanent (and mostly positive) changes to the co-op board approval process in NYC. The biggest change ushered in by the pandemic was the digitization of the co-op board package submission process itself. Other …

How Has COVID-19 Changed the NYC Co-op Board Approval Process? Read More »

A lot line window in NYC shares a boundary with a neighboring lot. Light, air and views from lot-line windows are not protected and can be lost at any time.

What Are Lot Line Windows in NYC Real Estate?

By Sonja Gosine, Spokesperson at Hauseit® / January 4, 2021 January 5, 2021

A lot line window in NYC is a window that is located on the side of a building which shares a boundary with a neighboring lot. In other words, lot line windows are located directly on the edge of a …

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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 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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How Has COVID-19 Changed the NYC Co-op Board Approval Process?

What Are Lot Line Windows in NYC Real Estate?

Real Estate Agent Complaints and How to Protect Yourself

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

Are Co-op Maintenance Fees Negotiable in NYC?

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