Buying a Co-op in New York City
It’s no secret that buying a Co-op in New York City can be a long and daunting process. New York is a city comprised almost entirely of cooperatives and condominiums,…
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What is a Commission Rebate from a Buyer’s Agent?
You may have heard about buyer’s agents providing his or her client with a commission rebate. It is a bit confusing since the seller pays the commission, which is co-brokered…
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How to Get a Mortgage Loan in NYC
Have you decided on mortgage financing for your real estate purchase? But do not know where to start? Our mortgage guide outlines all the steps and resources you will need…
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How Does the Fair Housing Act Affect Home Buyers?
If you’re in the market for a home, you’ve probably heard of the Fair Housing Act. This is a law that was first passed in 1968 to prevent landlords and…
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Things You Need To Know Before Buying An Apartment
The key to buying the right property is knowing where to look and what features to consider. Gea Elika, the Principal broker of Elika Real Estate, shares his expert insight…
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Interior Renovations in Landmark Buildings
Considering how old the city is, it’s no wonder that NYC is full of history, both ancient and relatively recent. Take a walk in any of the five boroughs, and…
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Guide to Buying an Apartment
So you’re ready to leap. After living as a renter in the Big Apple for a decade or more, you’re finally in a position for buying an apartment in New…
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How is a Buyer’s Agent Paid in NYC?
Many real estate buyers do not feel having his/her own buyer’s agent matters. After all, a buyer’s agent is paid a commission, the same as the listing agent. This does…
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Transfer Taxes in New York City
Buying or selling real estate in New York City is different from other cities in the US. When purchasing a property in New York City and State the buyer or…
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NYC Mansion Tax: Everything You Need to Know
The Mansion Tax is a one-time payment that serves as an entry fee into buying New York real estate. It applies to all homes sold for $1 million or more…
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