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.
I decided to write a quick blog post on this concept after we saw this new term emerging from the New Construction jargon. Several home buyers using NestApple asked us what a capital contribution fee in NYC is. Sometimes, people… Read More
When you are buying property, it can feel like so much is happening all at once. The attorneys finalize the deal and draft and negotiate the contract quickly. Then, the building’s board and management provide various “due diligence” materials. A wealth… Read More
Dear sellers, while we hope you are sitting on a big profit and lots of gains on your equity, you may be surprised at how much you will net after closings costs and taxes. What are the closing costs for… Read More
Simply put, a mortgage contingency clause in NYC real estate ensures the following: Say a buyer wants to buy a home and applies for a loan from a bank. If that buyer fails to obtain a firm commitment for a… Read More
What is an acceptable offer on a property? How do you accept an offer on a home? What happens after your offer is accepted on a home? They accepted my offer on a co-op in NYC. Relying on your broker,… Read More
This post will teach you how to execute a 1031 exchange in N.Y. A 1031 exchange, a “Like-Kind” exchange, or a “Starker Exchange” is a formidable tax-deferment strategy savvy real estate investors use in real estate dealings. Therefore, if you… Read More