Miscellaneous (Buyers)

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What is generally included in the monthly maintenance fee that I would pay for living in a co-op building?

I’ve heard that purchasing an apartment in a “land-lease” building is not a good idea. Is that true?

Who are the largest U.S. title insurance underwriter companies?

The following six companies are among the largest and highest-rated title insurance underwriters in the U.S.: First American Title Insurance Company Old Republic Title Insurance Company Chicago Title Insurance Company Fidelity National Title Insurance Company Stewart Title...

Who is responsible for purchasing title insurance, the buyer or the seller?

Typically in NYC transactions, the buyer is responsible for purchasing title insurance to protect his / her interests in the property to be purchased.  As a buyer, your attorney will select a...

If I’m working with a real estate agent and I attend an open house on my own (without my agent), should I tell the exclusive seller’s agent at the open house that I’m working with someone (my agent)?

What is a proprietary lease and how does it impact me if I purchase an apartment in a co-op building?

Is there a way for me to determine what the real estate taxes for an apartment will be in the future, when the current tax abatement expires (e.g. 3-5 years from now)?

If I’m working with a broker and I want to go see a specific property for sale, can I contact the exclusive broker for that property directly or should I have my broker contact him / her?

What is title insurance and what are the basic items I need to know about it?

Title insurance is purchased by buyers prior to closing to protect themselves and their lenders (if applicable) from a situation where the seller does not indeed have free and clear ownership of...

What is a sponsor unit in a co-op building and what are the benefits and drawbacks of purchasing one compared with a standard resale unit?