New York legalized buyer's rebates back in 2014 to reduce costs for buyers and boost competition among brokers. Typically, a buyer's rebate ranges from half a percent to one percent but using Prevu, buyers get biggest rebates of up to two-thirds of the buyer's commission.
NYC condo buildings are seeing common charges increase by a minimum of 4 to 6 percent this year, a result of higher heating costs, inflation, and new lending compliance guidelines, among other factors.
