Condos vs. Co-ops in NYC – Know The Difference
New York City’s real estate market is as complex as the city’s; for anyone looking to buy an apartment here, understanding the distinction between a condominium and a cooperative (co-op)…
Share
Posts by author
Larry Rothman
117 posts
Larry Rothman has over two decades' of experience in the financial services industry. He has worked for institutional brokerages and research firms as an Analyst. In this capacity, he has analyzed the economy and a variety of financial instruments across a wide array of industries. He's also been a freelance writer explaining a variety of topics in personal finance, real estate, and investing. He is a CFA Charterholder and has an M.B.A. in Finance.
Importance of Reviewing Board Minutes in a Condo or Co-op
Buying a condo or co-op in New York City requires careful due diligence. Understanding the contract of sale and scrutinizing board meeting minutes are essential to protect your investment. This…
Share
REBNY Financial Statement Sample & Instructions
When you’re getting ready to make an offer on an NYC home, you need to be sure that your financials are rock solid. The usual way to accomplish this is…
Share
How to Set Up an LLC to Buy Real Estate in NYC
The idea of purchasing an NYC home through a Limited Liability Company (LLC) is something most investors will be familiar with. Rather than owning the business yourself, you’ll be holding…
Share
Should My Offer Include an Escalation Clause in NYC?
In a fast market where homes sell swiftly, an escalation clause in your purchase offer could give you an advantage over competing buyers. Typically, escalation clauses are not a common…
Share
Fixed Rate vs. Adjustable Rate Mortgage Loans
Whether you’re looking to buy a new home or remodel an existing one, you will need a loan. Homebuyers had only three mortgage loan types to consider in earlier times.…
Share
Real Estate Agent vs. Broker: Explained
People often confuse the terms of real estate broker and agent. While they perform similar functions in the home buying and selling process, they differ. It is worthwhile to know…
Share
Should You Pay for Mortgage Discount Points?
Mortgage points are upfront interest a buyer pays at closing. For example, if you choose to pay two points on an $800,000 mortgage, $16,000 is due at closing or rolled…
Share
Analyzing 100 Years of Real Estate Price History in Manhattan
With the current state of real estate in New York and the potential growing bubble on Wall Street, more and more people are looking to diversify investments into real estate, particularly…
Share
The Co-op Appraisal Process in New York City
Obtaining an appraisal is an essential step in buying a co-op. The lender requires one for purchases and refinancing. So naturally, the financial institution wants to make sure it is…
Share
