A shiny new condo building in NYC has a lot of appeal. It’s a chance to separate yourself from the chaotic, congested streets outside. A cosy cocoon in a pristine, air conditioned building with the type of amenities you...
Category - Buyer’s Guide
Navigate the complex and nuanced world of NYC real estate with Marketproof’s Buyer Guide. We’ll give you everything you need to be your own real estate expert!
marketproofGoing into Contract: Here’s what you need to know
Definition of ‘Contract of Sale’ A real estate ‘Contract of Sale’ is also known as a ‘Purchase And Sales Agreement’. It serves as a legally binding agreement between two parties — usually the buyer and seller—...
Closing costs: Additional costs to be aware of when financing a purchase
Hundreds and sometimes thousands of dollars in closing fees are thrown around like confetti when buying a home in NYC. Of course, there are the big ticket items such as a broker’s commission and mortgage transfer taxes...
What Is The Difference Between A Property Title And A Property Deed?
Most people think a deed and title mean the same thing. However, it’s important you know the difference if you are about to enter into a real estate transaction. A Property Deed The easy way to know the distinction is...
Mortgage Recording Tax: All You Need To Know
Buying a property all cash is a luxury few can afford. For the fortunate it means a number of cumbersome fees can be eliminated. A mortgage recording tax is one. Strictly speaking it’s not a bank that charges the MRT...
Real Estate Transfer Taxes: A guide for New York City and New York State
According to the New York State Department of Taxation and Finance, “New York State imposes a real estate transfer tax on conveyances of real property or interests therein when the consideration exceeds $500...
