Show Me The Money! …… What’s in the Co-op’s Reserve Fund?


So you have been shopping for the perfect Co-op and now believe you have found a winner with low maintenance at a good price. While all of that is important, you also must examine the financial condition of the Co-op since you will share future expenses on the common areas of the building with other … More Show Me The Money! …… What’s in the Co-op’s Reserve Fund?

Why You Need Title Insurance When Buying a Home.


Of all the closing expenses a buyer will pay at time of closing, the title bill will be among the largest. This article from Nolo.com explains the importance of having this insurance when buying your home. Getting title insurance is one of the standard steps home buyers take before closing on a home purchase. Title insurance is … More Why You Need Title Insurance When Buying a Home.

The Co-op Board wants me to inflate the contract price!


More and more clients have come to me lately to tell me that the Board will approve the sale if the contact price is greater than what the buyer agreed to pay. This article from BrickUnderground speaks to some of the possible options when faced with this issue. Are buyers and sellers exaggerating sales prices … More The Co-op Board wants me to inflate the contract price!

Understanding New York’s STAR Program.


Most New York State homeowners are familiar with STAR, the School Tax Relief program launched in 1998-99. Originally intended to assist senior citizen (age 65 and over) homeowners, STAR was quickly increased and expanded to include residential properties of other school district taxpayers. Qualified homeowners (who must apply to participate in STAR through their local … More Understanding New York’s STAR Program.