Featuring real estate articles and information to help real estate buyers and sellers. The Nest features writings from Georges Benoliel and other real estate professionals. Georges is the Co-Founder of NestApple and has been working as an active real estate investor for over a decade.
When you sell a co-op in NYC, you are subject to federal and state capital gains tax. However, you may be able to exclude up to $500,000 of gains under the Section 121 home sale exclusion. This is provided you… Read More
The average home appraisal cost is $450, but prices can vary significantly due to the different sizes and types of houses. An appraisal for a smaller home in a rural area might cost around $300, while one for a property… Read More
The appraisal process is a crucial step in buying, selling, or refinancing a property. The home inspection portion of an appraisal typically takes between 30 minutes and 2 hours. However, the entire appraisal process can take three business days to… Read More
In New York City, a property listing must be off the market for 90 consecutive days for the “days on the market” count to reset, as per REBNY rules. Nevertheless, specific real estate platforms such as StreetEasy often reset the… Read More
Is it true that smaller condo buildings pay lower taxes? An interesting aspect of New York City’s current property tax system is that homeowners in condo and co-op buildings with ten or fewer units pay lower property taxes than unit… Read More
Repurposing discarded items with something of higher value adds an element of character and charm to an otherwise dull living space. It creates a home that reflects the owner’s values and personality in an era where sustainability rules; decorating your… Read More