Buying in NYC Archives

Citysnap is a consumer facing residential real estate search website in New York City operated by REBNY. It gives consumers access to RLS listing data.

What is Citysnap in NYC Real Estate?

By Sonja Gosine, Spokesperson at Hauseit® / October 13, 2021 October 13, 2021

Citysnap is a new consumer facing residential real estate search website for New York City which will go live in the second quarter of 2022. It is being launched by the Real Estate Board of New York (REBNY) as the …

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NYC co-ops and condos with a no-pet policy must still permit emotional support animals. Refusing to accommodate an emotional support animal is a fair housing violation.

Can a NYC Co-op or Condo Deny an Emotional Support Animal?

By Sonja Gosine, Spokesperson at Hauseit® / September 21, 2021 September 25, 2021

NYC co-ops and condos with a no-pet policy must still permit emotional support animals. Refusing to accommodate an emotional support animal (ESA) is a potential fair housing violation. We discuss all aspects of emotional support animals as it relates to …

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There is little advantage to not having a buyer’s agent in NYC. Sellers in NYC typically do not pay any less in total commission if a buyer is unrepresented.

Is There an Advantage to Not Having a Buyer’s Agent in NYC?

By Sonja Gosine, Spokesperson at Hauseit® / September 21, 2021 September 21, 2021

There is little advantage to not having a buyer’s agent in NYC. This is primarily because sellers pay 100% of all commissions in NYC, and sellers typically agree to pay a fixed total commission regardless of whether or not the …

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Many people specifically seek residency in pet-free buildings for a variety of reasons. So how can there be dogs in a no pet building?

Why Do I See Dogs in My ‘No Dog’ Building?

By Gallet Dreyer & Berkey, LLP / September 15, 2021 September 16, 2021

Many people specifically seek residency in pet-free buildings for a variety of reasons. So when they start to hear dogs barking or see dogs coming and going in their building, they question the enforcement of the building’s “no-dog” policy. An …

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Loan Fell Through Day Before Closing

By Sonja Gosine, Spokesperson at Hauseit® / September 8, 2021 September 8, 2021

If your loan fell through the day before closing, then you're in a really tough situation where you may very well lose your contract deposit if you absolutely need financing to be able to close. If however you're able to …

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Special Risks to Buying a New Construction Home in NYC

By Sonja Gosine, Spokesperson at Hauseit® / September 7, 2021 September 8, 2021

There are many risks to buying a new construction home in NYC besides being expected to pay transfer taxes and attorney fees on behalf of the sponsor. We'll talk about risks unique to buying new development units from sponsor control …

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What's the norm in New York where sales contracts are customized? How about states with standard Realtor purchase contracts like Florida?

How Long Can You Delay Closing on a House?

By Sonja Gosine, Spokesperson at Hauseit® / September 3, 2021 September 3, 2021

How long you can delay a closing on a house or apartment depends on the language of your specific purchase contract. In New York, it's fairly standard for contracts to allow either party 30 days leeway on the closing date. …

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What is a typical mortgage lock period? When should you rate lock? Rate lock fees, rate lock expiration, sample rate lock agreement & more.

What Is a Rate Lock Agreement?

By Sonja Gosine, Spokesperson at Hauseit® / August 24, 2021 August 24, 2021

A rate lock agreement is sent to prospective borrowers after they've confirmed with their lender that they wish to lock in a quoted interest rate on the mortgage for a certain period of time. While not required as it's perfectly …

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Buyer Asking Realtor to Reduce Commission

By Sonja Gosine, Spokesperson at Hauseit® / July 19, 2021 July 19, 2021

As a buyer, is asking a Realtor to reduce commission a good idea? Most buyers seem to think that they can get a better deal by forgoing buyer agent representation. After all, if there's one less agent, there must be …

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How to Ace a Co-op Board Interview in NYC

By Sonja Gosine, Spokesperson at Hauseit® / July 14, 2021 August 30, 2021

Ace a co-op board interview in NYC by showing up on time, being presentable, being succinct in your answers and not asking any questions. Be especially careful not to mention any renovation plans during your co-op board interview, as it …

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