2025 NYC real estate forecast: Buyers and sellers tango, renters hold their breath

… and a lack of inventory kept a lot of wouldbe buyers in rentals and this raised competition for apartmentsa … benefitting from higher Wall Street bonuses As for renters when buyers move on rents will likely dropor at … not only raise rents and make it harder for tenants to find housing but it also infringes upon constitutional guarantees …

By Jennifer White Karp |January 2, 2025 - 12:30PM
The building’s broken pipes are forcing me out of my apartment. Can I get my co-op board to buy me out?

You can certainly ask your coop board to buy you out but its … times  … Likely a pricing mismatch … Typically a coop board would rather fix the maintenance problem than purchase the … rent it out or sell it anyway Wagner says  Plus the board would have to justify its purchase to the rest of the coop …

By Celia Young |February 20, 2024 - 9:25AM
Seller financing: To get deals done, some owners give loans to buyers. Here's how it works

… their property may strike you as impossible or strange but New York City brokers say it is neither Instead seller … seller client of Michael Shapot a broker at Keller Williams New York City  used seller financing to sell a unit in a … of seller financing is something to put in bold letters Thats because banks today are much stricter and …

By Jennifer White Karp |December 29, 2023 - 3:30PM
What is a cash-out refinance? Are these done in NYC?

… equity of your place one option is to arrange for a cashout refinance This is where you renegotiate the terms of your mortgage in order to access the money tied up in your … right for … A cashout refinance is open to owners of condos coops townhouses or one to fourfamily buildings New Yorkers …

By Emily Myers |September 18, 2023 - 3:00PM