What Is a Co-op Special Assessment in NYC?
What is a co-op special assessment in NYC? Are assessments tax-deductible? Is the buyer or seller responsible for paying current assessments? Are assessments negotiable? This article explains everything you need to know about co-op special assessments in NYC. What is… Read More
What is an Offering Plan in NYC and How Do You Find One?
It’s essential to familiarize yourself with an offering plan, especially when purchasing an apartment in NYC. Your attorney will review this document during the due diligence process. Offering plans offers valuable insights, particularly for new developments. However, they are relevant… Read More
what is an Appraisal Waiver in NYC
When you buy a home with a mortgage, the lender usually asks for an appraisal to confirm the property’s value. However, in some instances, the lender may offer the homeowner an appraisal waiver, which means they can skip the in-person… Read More
What is the Appraisal Contingency in NYC
An appraisal contingency is often included in real estate purchase agreements to protect the buyer. The buyer can withdraw from the contract if the property is appraised for less than the agreed-upon purchase price. This clause ensures that the buyer… Read More