New Construction Closing Costs

Special Risks to Buying a New Construction Home in NYC

By Sonja Gosine, Spokesperson at Hauseit® / September 7, 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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The New Construction Home Buying Process in NYC

By Sonja Gosine, Spokesperson at Hauseit® / October 8, 2018

The new construction home buying process in NYC takes longer, is more expensive and is generally more complex than your typical re-sale process. Buyers will have to pay special attention to the offering plan as the final arbiter of what

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What is a punch list and are sponsors obligated to finish the punchlist? How are disagreements handled? Sample new construction punch list and more.

The New Construction Punch List in NYC Explained

By Sonja Gosine, Spokesperson at Hauseit® / July 9, 2018

What is a punch list when it comes to new construction in NYC? Are sponsors obligated to finish a buyer's punch list within a certain time frame? We'll explain everything you need to know about new development punch lists and

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Buying a condominium conversion, rehabilitation or re-development is very different from buying a new construction condo in NYC. Whereas in a ground up new construction building everything is new, that is not the case with a condo conversion. Is the plumbing, electrical and roof new? Is the condo budget realistic?

Condominium Conversion vs New Construction in NYC

By Sonja Gosine, Spokesperson at Hauseit® / May 25, 2018

Buying a condominium conversion, rehabilitation or re-development is very different from buying a new construction condo in NYC. We’ll go over the special risks associated with buying a condo conversion or rehab in this article. Estimate your buyer closing costs

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