With most home moves occurring between April and September, now’s the perfect time for homeowners to start preparing to sell their homes, according to the Northern Virginia Association of Realtors® (NVAR) which recently released six tip…
After a long period of low rates marked by high levels of activity in financing, the dramatic climb in interest rates over the past two years has presented challenges for co-op buildings faced with refinancing their underlying permanent mor…
In 2025, the first compliance requirements for Local Law 97 will become a fact of life for literally thousands of New York City co-ops and condos, and those who call them home. Local Law 97 is far-reaching legislation aimed at making New Yo…
According to a recent study by consulting firm Construction Coverage, the cost of buying a home in the New York City market is nearly half again as expensive as renting one. Then findings confirm a trend that’s been ongoing for a …
A new year always comes with reports of new trends in everything, be it fashion, food…or lobby and common area design in residential communities. Furnishings and design, like clothes, are the subject of style and vogue that morph and change…
Q. In this time of economic uncertainty and depressed Manhattan co-op sales, sellers have been willing to accept bids way lower than a board would allow. If a seller and buyer agree to enter into a contract of sale for an acceptable (to t…
Q. Today shareholders at our Mitchell-Lama co-op in Queens were informed with less than 24-hours notice that there will be a film shoot taking place tomorrow on the property from 6:00 a.m. Thursday and completed 12:00 p.m. on Friday. Not…
Q. I live in a gated community and the manager seems to be controlling the board rather than vice versa. She has filled vacant board seats without an election—some new residents don’t even know that we’re supposed to hold elections. The b…
Q. How can a shareholder be protected from a board’s abuse of authority when implementing excessive fines on the community of shareholders? Some of the fines being imposed by the board are not defined in our bylaws or house rules. On occ…
The lobby of your building is more than just a transitional space between outdoors and in; it’s an important component in the life of your co-op or condo community. It’s where you enter your home. It’s where your visitors (and potential bu…