As a new buyer, one of your first important tasks will be deciding what broker — if any — you’d like to work with. If you decide to go it alone, that’s absolutely fine, but most people enlist the help of a good real estate broker to help them with their purchase. A broker* will […]
Advice for Buyers
Typical requirements for buying in a co-op
Co-ops are a real estate phenomenon mostly exclusive to NYC – while you may find a few here and there in other parts of the U.S., the normally elusive co-op apartment building accounts for about 75% of the residential real estate in the big apple. Purchasing in a co-op can be very different to purchasing […]
What is an offering plan?
If you’re thinking of buying or selling a co-op or condo in New York, chances are you’ve heard talk of the building’s offering plan. So, just what is an offering plan, anyway, and why do attorneys care so much about what’s in it (and, for that matter, why should you care)? Top NYC real estate attorney Sandy Schwartz, Partner at […]
The tax deductibility formula: Figure your co-op tax deduction in 6 easy steps
If you’ve checked out any co-op listings in NYC, you’ve most-likely seen a note in the listing information something to the effect of “% tax deductible.” Ever wondered what that means or how it’s figured out? It’s actually fairly simple. When you purchase property, your real estate taxes and any interest you pay on your mortgage are tax […]
Answers to your 4 most burning questions about working with a real estate broker
Thinking of buying a new home or investment property and not sure whether or not you want to work with a real estate agent or go it alone? Here’s the lowdown on the questions asked most frequently about working with brokers. Do I need an agent from each company to make sure I see all […]