On June 14, 2019, Governor Andrew Cuomo signed off on the “Housing Stability and Tenant Protection Act of 2019” (TPA) (see Senate Bill 6458), a package of rent laws which represent a monumental change from the laws that have governed landlord-tenant relations in New York City for decades. These laws bolster residential tenant protections for […]
Both the volume of sales and the price of co-ops and condos in Manhattan fell sharply in the third quarter of 2019. This was partly attributed to the implementation of a higher transfer tax for luxury apartments that went into effect in July, but in general the decline is not limited to high-end sales. As
What is FICO® Score And Its Importance in Home Buying Buyer confidence and high demand remain strong in New York Metropolitan area,while our local home inventory remains historically low. Purchasing a home is one of the largest financial decisions most will make in their lifetime. This is why a good Fico score is critical in the home
The largest portion of title charges in a New York residential closing is the mortgage tax. The mortgage tax is based on the amount of the mortgage multiplied by the rate in the specific municipality that the property is located. If the property being mortgaged is a one or six family dwelling the lender is
