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...
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!
marketproofMortgage 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
Who pays transfer taxes? Transfer taxes can take a first time seller by surprise. Simply subtracting the sales price from the purchase price of a property will not amount to the size of the seller’s check at...
Attorney’s fees: How much should you pay your real estate attorney?
What’s an average price for an attorney’s fee in NYC? It’s pretty much a certainty that if you are buying a $50 million plus condo, your attorney’s fees will be more than if you were buying one for $500,000. That...
Title Insurance: What is it exactly and how does it work?
What is title search and title insurance? Both a title search and title insurance are important steps when buying a property. A title search looks at the current owner as well as all owners back to when the property was...
