The age-old adage about real estate is that there are three major factors in determining its value: “location, location, location.” While that may or may not be true, and location aside, a smart seller has to price an apartment right to se…
Picture this: You’ve lived in your apartment for 15 years and now you’re ready to move. You love the kitchen you put in when you moved in, but now it’s a little tired. So what do you do? Do you spend the money to renovate and offer yo…
Home sales rarely if ever happen sight-unseen, and condominium and cooperative units are no exception. When purchasing a lived-in space from its previous owner, a buyer may expect to receive certain pertinent information that could impact t…
Imagine if you can actually buy a co-op in New York City and not have to be in front of the building's dreaded board for approval. Well, there is an option for buyers to consider in the form of a sponsor unit. It's a term that you've probab…
You know what they say about The Benjamins: it truly is all about them. When attempting to purchase shares in a co-op or outright buy a condo, a potential buyer's finances are likely to be scrutinized fairly intently. So like a teen spr…
Condo fever continues to spread across New York real estate, replacing any available land with shiny towers. Now that the most obvious places for construction have been exhausted, developers are increasingly turning to smaller co-ops to buy…
The U.S. Treasury Department announced in January that it will begin to track illicit cash purchases of luxury condos in New York and Miami. In New York, the new regulations will apply to cash transactions of $3 million or more. The federal…
If you’re contemplating buying a new home, there are a few vital questions that should be asked, even before you start attending open houses and getting your heart set on one property or another. Among those questions might be, “How do I…
The vast majority of co-ops and condos that are put on the market are not in picture-perfect shape for a rapid and high-priced sale. Prospective buyers, who view those apartments, often cannot see beyond the superficial defects and so fa…
Before even beginning the hunt for that perfect co-op, the prospective buyer should be familiar with all the possible ways one's application might be rejected. That familiarity will enable one to focus on the appropriate buildings as well a…