By LISA PREVOST In response to the fierce competition for homes in healthy metropolitan markets like those surrounding New York City, some mortgage lenders are taking steps to put buyers who must borrow on par with those offering to pay in cash. Buyers in need of financing are finding they are at a disadvantage in competitive markets.
Read more %1$sA WHO’S WHO–AND WHO DOES WHAT–GUIDE TO BUYING A NYC APARTMENT
Not All Questions Can Be Answered by Google BY: TRIPP WHETSELL It may take only two to tango, but to buy real estate in NYC, it takes a village. Knowing who does what and which functions they perform ahead of time can give you a leg up on the process. The cast of characters you’ll need
Read more %1$sPRICE CHECK: GOT $650K? HERE’S WHAT YOU CAN BUY ACROSS NYC
Whether you’re looking in Manhattan or Staten Island, here’s what you can snap up for $650k BY SARA ALESSI TO READ THE FULL ARTICLE CLICK HERE
Read more %1$sHOW TO FINANCE A NYC APARTMENT COMBINATION
SPONSORED With mortgage rates still historically low and large co-op and condo apartments difficult to find, buying two smaller apartments and combining them is an attractive option for buyers willing to renovate. And since renovations and real estate often go hand in hand in NYC, a mortgage is often the glue enabling two apartments to be
Read more %1$s6 hurdles that can stand between you and your mortgage–and what to do about them
By Mayra David If you’re looking to buy a NYC apartment, there’s a decent chance you are also in the market for a mortgage. We asked some experts to spot some of the most common hurdles tripping up NYC buyers these days and give us their suggestions for overcoming them. 1. Being self-employed or having
Read more %1$sTop 10 reasons NYC’s small landlords are becoming extinct
By Craig Roche 1. Rent regulation: Rent regulation, imposed in 1947 and again in 1971, did not provide enough revenue for small landlords to function. 2. (Lack of) handiness: Being a small landlord requires being hands-on and understanding the intimate details of your building. 3. Money: Big landlords borrow more money at cheaper rates than small
Read more %1$sAdding Evacuation Zones in Response to Hurricane
By David M. Halbfinger and Anemona Hartocollis The Bloomberg administration announced on Friday that it would double to six the number of evacuation zones along New York City’s coast and expand them to include an additional 640,000 residents, saying that the new map would provide more flexibility when major storms hit. The report repeatedly praises city agencies and their state
Read more %1$sPost-Sandy threat: Big insurance cost surge
Written by Katie Zezima and Meghan Barr TOMS RIVER, N.J. — George Kasimos has almost finished repairing flood damage to his waterfront home, but his Superstorm Sandy nightmare is far from over. Like thousands of others in the hardest-hit coastal stretches of New Jersey and New York, his life is in limbo as he waits
Read more %1$sReal Estate Q & A
By JAY ROMANO Q I own a third-floor condominium in Westchester County that has a nice view over a garden behind the building. A few years ago, the condo board planted some trees in the garden. The trees have now grown so tall and wide that they are starting to block my view. One reason
Read more %1$sThe Ultimate Guide To Renting In NYC: 26 Apartments, 13 Hot Tips
By Sarabeth Sanders 1. If price is your number-one concern, hold out until the winter to hunt for better deals. But if you’re going to be picky, bite the bullet and shop around in the spring, when there’s a better selection. 2. For the most part, brokers all have access to the same apartments. 3.
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