Bricktionary

Sometimes the deal sheet discloses items or obligations you haven't been made aware of during the offer process.
Negotiations + Closings
What's included in a deal sheet when you buy a NYC apartment?
By Emily Myers |February 21, 2023 - 9:30AM
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Sell
What is a 1031 exchange and how does it work?
By Emily Myers |February 6, 2023 - 9:30AM
NYC apartment buildings
Negotiating + Financing
What are the differences between jumbo and conforming loans?
By Brick Underground |February 2, 2023 - 12:30PM
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Buy Affordable Housing
What is a limited equity housing cooperative and how affordable is it?
By Emily Myers |August 8, 2022 - 12:30PM
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Improve
What's a letter of no objection? And why would a buyer ask for one?
By Emily Myers |May 19, 2022 - 12:30PM
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Roommates + Landlords
What's the difference between a co-signer and a guarantor?
By Emily Myers |May 5, 2022 - 1:30PM
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Renovation
What's a certificate of insurance—and when is it necessary?
By Mimi OConnor |April 6, 2022 - 10:35AM
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Negotiating + Financing
What is a mortgage assumption? How does it differ from a mortgage assignment?

… With a mortgage assumption you take on a sellers mortgage exactly as it was when they originally … commonby faris the mortgage assignment where you take on a sellers mortgage but the rate and terms are renegotiated The … the fact that the industry has changed the way it holds and sells mortgages An assumable loan became too complicated she …

By Emily Myers |March 31, 2022 - 9:30AM
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The Search
What is a lease guarantor, and do you need one to rent in NYC?
By Austin Havens-Bowen |March 10, 2022 - 12:30PM
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Renovation
What is an expeditor and how much do they cost?
By Emily Myers |February 28, 2022 - 3:00PM