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Chris at Hauseit® (https://www.hauseit.com) goes over the meaning of the phrase, "the risk-free rate." Can the risk-free rate vary depending on which asset class you're evaluating? Save money when buying, selling and renting real estate in New York and Florida with Hauseit. Available in NYC, Long Island, the Hudson Valley and South Florida. Established 2014. . The risk free rate is a term that's thrown around in finance, with many folks not understanding or agreeing on what it means or what the risk-free rate should. In this video, we explain what the traditional risk-free rate measure is, and how that benchmark might actually vary depending on the type of asset you're evaluating (i.e. having comparable maturity). We explore this mystery and explain further in the following video. . Hauseit Group LLC, Licensed Real Estate Broker Tel: +1 (888) 494-8258 Email: team@hauseit.com _ #hauseit #hauseitnyc #hauseitmiami #hauseitsouthflorida #hauseitlongisland #hauseithudsonvalley #hauseitwestchester #hauseitrealestate #hauseitrealestate

Chris at Hauseit® (https://www.hauseit.com) goes over the meaning of the word the Petrodollar, its history and its relevancy today. Save money when buying, selling and renting real estate in New York and Florida with Hauseit. Available in NYC, Long Island, the Hudson Valley and South Florida. Established 2014. . The word Petrodollar is widely thrown around in financial circles without most people understanding what it means, or the history behind it. At its very core, it refers to the way most commodities, and most importantly oil, is priced. As you might imagine, commodities are traded worldwide between different nations yet must be priced in something. Historically, efficiency gains have come from commodities being traded in a single (or few) reserve currencies. Hence the name the Petrodollar. We explore this mystery and explain further in the following video. . Hauseit Group LLC, Licensed Real Estate Broker Tel: +1 (888) 494-8258 Email: team@hauseit.com _ #hauseit #hauseitnyc #hauseitmiami #hauseitsouthflorida #hauseitlongisland #hauseithudsonvalley #hauseitwestchester #hauseitrealestate #hauseitrealestate

Chris at Hauseit® (https://www.hauseit.com) goes over whether condo boards have conflicts of interest. Do condo boards of directors have interests that may benefit them personally, but may not be in the best interests of the building? Save money when buying, selling and renting real estate in New York and Florida with Hauseit. Available in NYC, Long Island, the Hudson Valley and South Florida. Established 2014. . One of the difficulties of owning a condo or co-op apartment is the fact that you have neighbors, some of them who may be on the board, who may act in their own self-interest that isn't aligned with that of the building as a whole. The most common example of this is socializing costs onto the entire building for amenities that the board members like, but a majority of the building may not necessarily wish to pay for. However, the condo board may proceed anyway and push for an expensive amenity anyway because they'd be using it, and can defray the costs on everyone else. We'll talk about many examples like this and more, and explain the various situations where conflicts of interests might arise on a condo board, and how you as a condo unit owner can best survive in such an environment. Hint, always try to align your preferences with that of the condo board members! . Hauseit Group LLC, Licensed Real Estate Broker Tel: +1 (888) 494-8258 Email: team@hauseit.com _ #hauseit #hauseitnyc #hauseitmiami #hauseitsouthflorida #hauseitlongisland #hauseithudsonvalley #hauseitwestchester #hauseitrealestate #hauseitrealestate

Chris at Hauseit® (https://www.hauseit.com) goes over why inflation always came back stronger in the '70's and '80's when inflation expectations were unanchored. Back then, the Federal Reserve did raise rates, and managed to trigger recessions. However, inflation always came back stronger than ever after the Fed stopped their rate hikes and eased policy. Why is that? Save money when buying, selling and renting real estate in New York and Florida with Hauseit. Available in NYC, Long Island, the Hudson Valley and South Florida. Established 2014. . The risk of inflation expectations becoming unanchored, and a wage-price spiral being triggered is what keeps good central bankers up at night. They love to study what happened in the '70s and '80s because back then, the Fed was unable to quell inflation until Volcker came around and raised rates to extreme levels (i.e. 20%) to finally break the back of inflation. However, why did less extreme rate hiking policies and recessions fail? Why did inflation always come back after the Fed triggered a recession, stronger than before? We explore this mystery in following video. . Hauseit Group LLC, Licensed Real Estate Broker Tel: +1 (888) 494-8258 Email: team@hauseit.com _ #hauseit #hauseitnyc #hauseitmiami #hauseitsouthflorida #hauseitlongisland #hauseithudsonvalley #hauseitwestchester #hauseitrealestate #hauseitrealestate

Nick at Hauseit (https://www.hauseit.com) demystifies the concept of a seller's concession in real estate. . Save money when buying, selling and renting real estate in New York and Florida with Hauseit: https://www.hauseit.com Hauseit Group LLC, Licensed Real Estate Broker Tel: +1 (888) 494-8258 Email: team@hauseit.com

Nick at Hauseit (https://www.hauseit.com) reveals the post-inspection process when buying a brownstone in NYC. Reduce your closing costs when buying in NYC with a Hauseit Buyer Closing Credit: https://www.hauseit.com/buyer-closing-credit/ . . Save money when buying, selling and renting real estate in New York and Florida with Hauseit: https://www.hauseit.com Hauseit Group LLC, Licensed Real Estate Broker Tel: +1 (888) 494-8258 Email: team@hauseit.com

Chris @Hauseit (https://www.hauseit.com/) goes over a thought experiment on what might happen when US debt-to-GDP one day reaches a tipping point. What level of public debt can the economy sustain? At one point does something break? Save money when buying, selling and renting real estate in New York and Florida with Hauseit (https://www.hauseit.com). Available in NYC, Long Island, the Hudson Valley and South Florida. Established 2014. . Talk of the petroyuan or petrogold, and the Saudis confirming that they will accept payments for oil in non-dollar currencies will only erode demand for dollars abroad. If we can't print money and have large amounts of it absorbed abroad, then we can't export inflation, and if dollars rush onshore, that means more dollars chasing few goods and services and higher inflation domestically. These things are happening around the edges and publicly. Though de-dollarization is likely far off, and the US Dollar will be secure in its status as the world's reserve currency for some time to come, the trends are not looking good. Furthermore, developed economy central banks are in a pickle with both high public and private debt levels, and high inflation. If you raise rates, you can drive down inflation at least temporarily, but then debts become unaffordable, which means you then have to cut rates by buying bonds and expanding the central bank balance sheet, which weakens the currency, which increases import prices and inflation, and on and on until the central bank owns too much of the public debt and breaks the proverbial straw on the camel’s back. Lastly, the smart way out would be to increase supply dramatically with a massive boost to productivity, ie fusion, robotics, generative AI. If there's any country that can make this happen, it's the U.S. . Save money when buying, selling and renting real estate in New York and Florida with Hauseit: https://www.hauseit.com Hauseit Group LLC, Licensed Real Estate Broker Tel: +1 (888) 494-8258 Email: team@hauseit.com _ #hauseit #hauseitnyc #hauseitmiami #hauseitsouthflorida #hauseitlongisland #hauseithudsonvalley #hauseitwestchester #hauseitrealestate #hauseitrealestate

Nick at Hauseit (https://www.hauseit.com) explains why buyer's agents don't usually trust FSBO sellers in NYC. Save 6% when selling in NYC with Hauseit Agent Assisted FSBO: https://www.hauseit.com/agent-assisted-fsbo/ . . Hauseit Group LLC, Licensed Real Estate Broker Tel: +1 (888) 494-8258 Email: team@hauseit.com

Nick at Hauseit (https://www.hauseit.com) reveals the biggest mistake FSBO sellers make in NYC. Save money when buying, selling and renting in NYC with Hauseit: https://www.hauseit.com . . Hauseit Group LLC, Licensed Real Estate Broker Tel: +1 (888) 494-8258 Email: team@hauseit.com

Nick at Hauseit (https://www.hauseit.com) goes over the typical buyer closing costs for a Miami condo purchase using Hauseit's Miami Buyer Closing Cost Calculator: https://www.hauseit.com/miami-buyer-closing-cost-calculator/ Save money when buying in Florida with a Hauseit Buyer Closing Credit: https://www.hauseit.com/buyer-closing-credit/ Learn more about Florida buyer closing costs: https://www.hauseit.com/closing-costs-for-buyer-in-florida/ . . Save money when buying, selling and renting real estate in New York and Florida with Hauseit: https://www.hauseit.com Hauseit Group LLC, Licensed Real Estate Broker Tel: +1 (888) 494-8258 Email: team@hauseit.com

Chris at Hauseit® (https://www.hauseit.com) explains how much time a home buyer has to submit the condo or co-op purchase application after signing the contract. Is there a legally binding timeline for the buyer to submit the board package in good faith? Save money when buying, selling and renting real estate in New York and Florida with Hauseit. Available in NYC, Long Island, the Hudson Valley and South Florida. Established 2014. . How long does the buyer have to submit the board application after signing the purchase contract? This is a great question. So the standard purchase contract for example in New York will oftentimes outline exactly how many days the buyer has to submit the purchase application in good faith after contract signing. For example in New York the standard purchase contract states that 10 days after the delivery date, which is essentially the contract execution date, is the deadline for the buyer to submit the building's purchase application. If the buyer is financing then the standard purchase contract typically states that it must be submitted three days after the earlier of the loan commitment date or the receipt of the loan commitment letter. So the loan commitment date is oftentimes the date that the mortgage contingency expires and the loan commitment letter is of course a much more solid offer of financing from the bank after much of the underwriting has already been completed. So typically that will be required as part of the board application if you are financing. So three days after the receipt of that you would be required as the buyer to submit the purchase application in good faith. . Hauseit Group LLC, Licensed Real Estate Broker Tel: +1 (888) 494-8258 Email: team@hauseit.com _ #hauseit #hauseitnyc #hauseitmiami #hauseitsouthflorida #hauseitlongisland #hauseithudsonvalley #hauseitwestchester #hauseitrealestate #hauseitrealestate

Chris at Hauseit® (https://www.hauseit.com) provides an overview of Hauseit's 1% Full Service listing service, and explains how home sellers can save 50% or more in broker commission for a traditional, full-service listing where one of our real estate agents manages the entire process. Learn more: https://www.hauseit.com/1-percent-full-service/ Save money when buying, selling and renting real estate in New York and Florida with Hauseit. Available in NYC, Long Island, the Hudson Valley and South Florida. Established 2014. . Hauseit 1% Full Service is a traditional full service listing where one of our agents handles everything for you, from marketing the property to all private showings, open houses, scheduling, coordination, negotiating offers and generally being there as a guide for you throughout the entire process until closing. Your property will be comprehensively marketed on your local MLS, for example the REBNY RLS in New York City or the Miami MLS in Southeast Florida, as well as all relevant third party sites such as Zillow, Trulia, Homes.com or Realtor.com. In fact, when a listing is uploaded into the local MLS it automatically gets published to an industry standard set of third-party websites like the ones we mentioned before; therefore, it doesn't matter whether you're paying a broker six percent or one percent, the marketing exposure you'll receive will be identical. So how does it work? Instead of paying six percent in commission regardless of what happens, our listing brokers only charge a one percent listing commission. Of course, we'd still want to offer something market rate like two and a half percent or three percent to attract buyer's brokers, so you would most likely pay the one percent plus the two and a half percent for example, for three and a half percent total in the case of a represented buyer. However, if we were to find a direct buyer, our listing brokers will actually waive the one percent listing fee and only collect the two and a half percent in this example buyer agent fee, so you could potentially save greater than 50 percent in commission versus a traditional six percent listing in the case of a direct buyer for identical full service. Lastly, the professional media that we do on your behalf such as professional photos, a 2D custom floor plan, a 3D tour and drone photography depending on your region such as Southeast Florida, they are yours to keep. We only ask for a $300 credit upfront to partially reimburse us for the cost, but if for some reason we don't hear from you on day two, the photos are yours to keep. You can reuse them on another listing in the future. The professional media is technically free if it sells because we'd be happy to credit the $300 that you pay upfront against your commission should your property sell. . Hauseit Group LLC, Licensed Real Estate Broker Tel: +1 (888) 494-8258 Email: team@hauseit.com _ #hauseit #hauseitnyc #hauseitmiami #hauseitsouthflorida #hauseitlongisland #hauseithudsonvalley #hauseitwestchester #hauseitrealestate #hauseitrealestate

Chris at Hauseit® (https://www.hauseit.com) provides an overview of Hauseit's Buyer Closing Credit service, and explains how home buyers can save up to 2% or more when they work with a Hauseit buyer's agent. Learn more: https://www.hauseit.com/buyer-closing-credit/ Save money when buying, selling and renting real estate in New York and Florida with Hauseit. Available in NYC, Long Island, the Hudson Valley and South Florida. Established 2014. . Hauseit Buyer Closing Credit is a traditional buyer agent service where one of our real estate agents handles everything for you and guides you through the entire process from scheduling showings, discussing listing ideas, submitting and negotiating offers, helping you with purchase applications for condos and co-ops, referring you to any service providers you might need such as inspectors or lawyers, and generally being there as a guide for you till the end. You don't have to pay us anything nor do we request exclusivity. In fact, our buyer's brokers pay you up to two percent or more from a split of their buyer's broker commission. So how does it work? Well, in a traditional listing arrangement the seller typically agrees via their listing agreement to pay six percent in commission if their property sells. If the buyer has an agent the commission is typically split according to local MLS rules, often 50/50 between the seller's broker and the buyer's broker. If the buyer does not have an agent, the seller's agent will typically keep all six percent in commission. Since anywhere between 75 percent to 90 percent of all buyers are represented by buyer's agents the commission is usually shared between the buyer's broker and the seller's broker. With a traditional buyer's broker, even though the service is "free," the buyer's agent typically does not share anything with the buyer. In contrast, with Hauseit our buyer's brokers share two-thirds of the buyer broker commission that they earn with you at closing in the form of a check post-closing or as a credit against your closing costs. So in the case of a typical six percent commission where our split is half, or three percent, our buyer's brokers would share two-thirds of that or two percent with you post-closing. Keep in mind that new construction buildings often offer more than three percent in commission to attract buyers' brokers. For example, it's not uncommon to see four, five, six, or even seven percent in new construction projects in New York or Florida. So therefore, two-thirds of that means you can earn significantly more than just two percent back with Hauseit. . Hauseit Group LLC, Licensed Real Estate Broker Tel: +1 (888) 494-8258 Email: team@hauseit.com _ #hauseit #hauseitnyc #hauseitmiami #hauseitsouthflorida #hauseitlongisland #hauseithudsonvalley #hauseitwestchester #hauseitrealestate #hauseitrealestate

Nick at Hauseit (https://www.hauseit.com) reveals an essential yet often overlooked tip for selling in NYC. Save money when buying, selling and renting real estate in New York and Florida with Hauseit (https://www.hauseit.com). Available in NYC, Long Island, the Hudson Valley and South Florida. Established 2014. How it works: https://www.hauseit.com/how-it-works/ . . Make sure to clean your windows. Cleaning your windows is extremely important especially if your home doesn't have direct sunlight, southern exposure or an amazing view. Regardless of how bright your apartment is, you will dramatically improve the curb appeal by cleaning your windows inside and out, and it's something that many sellers in NYC simply overlook. Don’t make this mistake if your planning on selling in NYC! . . Save money when buying, selling and renting real estate in New York and Florida with Hauseit (https://www.hauseit.com). Available in NYC, Long Island, the Hudson Valley and South Florida. Established 2014. How it works: https://www.hauseit.com/how-it-works/ Hauseit Group LLC, Licensed Real Estate Broker Tel: +1 (888) 494-8258 Email: team@hauseit.com _ #hauseit #sellingnycrealestate #manhattangent #brooklynbroker #queensbroker #flatfeemls #hauseitagentassistedfsbo #homesellertips #sellingnyc #realestateagent #sellingahome

Nick at Hauseit (https://www.hauseit.com) shares a few tips for crafting a listing description when selling a home in NYC. Save money when buying, selling and renting real estate in New York and Florida with Hauseit (https://www.hauseit.com). Available in NYC, Long Island, the Hudson Valley and South Florida. Established 2014. How it works: https://www.hauseit.com/how-it-works/ . . The first tip is to get straight to the point in that very first sentence and emphasize the unique features and key selling points of your home. For example, if you're selling a co-op and you have a washer dryer that is a very important thing to mention because not all co-ops have washer dryers. Similarly, if you have deeded parking or a deeded storage cage in the basement that is something you should absolutely hit on in the first sentence or towards the very top of the description. Also be sure to include some characteristics of the neighborhood in terms of proximity to trains. List out the specific subways, list how close the Citibike station is and include say the name of Trader Joe's or Whole Foods or Target if you have one nearby. . . Save money when buying, selling and renting real estate in New York and Florida with Hauseit (https://www.hauseit.com). Available in NYC, Long Island, the Hudson Valley and South Florida. Established 2014. How it works: https://www.hauseit.com/how-it-works/ Hauseit Group LLC, Licensed Real Estate Broker Tel: +1 (888) 494-8258 Email: team@hauseit.com _ #hauseit #nycrealestateinvesting #nycapartment #manhattancondo #brooklyncondo #queenscondo #condovscoop #sublettingrestrictions #rentalrestrictionsnyc #nyclandlord #investmentproperty #newyorkcityrealestate #hauseitbuyerclosingcredit #landlordtenantlaws

Chris at Hauseit (https://www.hauseit.com) goes over what happens to a country's property prices when its currency becomes devalued. When a country's currency depreciates vs other currencies, do real estate prices in the country go up or down? Save money when buying, selling and renting real estate in New York and Florida with Hauseit (https://www.hauseit.com). Available in NYC, Long Island, the Hudson Valley and South Florida. Established 2014. . When a country's currency experiences a devaluation vs other major currencies, the prices of everything sold by the country, including its real estate, becomes cheaper for foreigners holding stronger currencies. Thus, foreign buyers typically show up and become a bigger percentage of the buyers. Furthermore, when a country's currency depreciates, the real estate market tends to experience a decline in price at the same time. That's because as a country's currency depreciates, imports become more expensive, thus fueling inflation. Inflation is bad for rental property because even though landlords can raise rents, they also experience increasing costs on all fronts. Therefore, high inflation can severely decrease the attractiveness of an asset experience large cost increases. Furthermore, high inflation will typically cause the country's central bank to raise interest rates in order to combat inflation. When it does so, interest rates on a variety of loans such as real estate mortgages will also reset higher. This is especially the case for adjustable rate mortgages, and when interest expense increases you'll tend to see more defaults and foreclosures. This of course also has a negative effect on property prices. Therefore, a currency devaluation is almost always bad for holders of real estate in that currency, and foreign buyers with greater purchasing power in stronger, more stable currencies might find interesting opportunities during times like this to snag a nice vacation home! . Save money when buying, selling and renting real estate in New York and Florida with Hauseit (https://www.hauseit.com). Available in NYC, Long Island, the Hudson Valley and South Florida. Established 2014. Hauseit Group LLC, Licensed Real Estate Broker Tel: +1 (888) 494-8258 Email: team@hauseit.com _ #hauseit #hauseitnyc #hauseitmiami #hauseitsouthflorida #hauseitlongisland #hauseithudsonvalley #hauseitwestchester #hauseitrealestate #hauseitrealestate

Chris at Hauseit (https://www.hauseit.com) goes over whether real estate agents can give commission to the buyer in a purchase transaction. Is it legal or allowed? Save money when buying, selling and renting real estate in New York and Florida with Hauseit (https://www.hauseit.com). Available in NYC, Long Island, the Hudson Valley and South Florida. Established 2014. . Can real estate agents give commission to the buyer? Yes, in fact real estate agents can give commission to either the buyer or the seller. Oftentimes, this is done in the midst of negotiations, perhaps there's a slight gap in price which brokers on either side might decide to reduce some of their commission in order to cover that gap in price between the buyer's offer and the seller's asking price. Oftentimes, this will be done at closing by changing the flow of funds on the closing statement, thus reducing the buyer agent's or the seller's agent's commission and crediting it towards either the buyer or the seller. In the case of a buyer closing credit which you can receive through one of Hauseit's partner brokers, the buyer's broker could give the buyer a percentage of his or her commission post-closing. . Save money when buying, selling and renting real estate in New York and Florida with Hauseit (https://www.hauseit.com). Available in NYC, Long Island, the Hudson Valley and South Florida. Established 2014. Hauseit Group LLC, Licensed Real Estate Broker Tel: +1 (888) 494-8258 Email: team@hauseit.com _ #hauseit #hauseitnyc #hauseitmiami #hauseitsouthflorida #hauseitlongisland #hauseithudsonvalley #hauseitwestchester #hauseitrealestate #hauseitrealestate

Chris at Hauseit (https://www.hauseit.com) goes over which party typically holds onto the buyer's contract deposit in an escrow account for a real estate purchase transaction in New York. Save money when buying, selling and renting real estate in New York and Florida with Hauseit (https://www.hauseit.com). Available in NYC, Long Island, the Hudson Valley and South Florida. Established 2014. . Who typically holds the contract deposit and escrow for a real estate transaction in New York? The contract deposit is typically held in escrow by the seller's attorney. Typically, the buyer's attorney will send the signed contract by the purchaser to the seller's attorney and concurrently the buyer's attorney will also send either via courier or certified check or more typically a wire the buyer's contract deposit to the seller's attorney's escrow account. As you can imagine, the seller will be more comfortable if his or her own attorney acts as the escrow agent and holds onto the funds in case the buyer defaults on the contract. . Save money when buying, selling and renting real estate in New York and Florida with Hauseit (https://www.hauseit.com). Available in NYC, Long Island, the Hudson Valley and South Florida. Established 2014. Hauseit Group LLC, Licensed Real Estate Broker Tel: +1 (888) 494-8258 Email: team@hauseit.com _ #hauseit #hauseitnyc #hauseitmiami #hauseitsouthflorida #hauseitlongisland #hauseithudsonvalley #hauseitwestchester #hauseitrealestate #hauseitrealestate

Chris at Hauseit (https://www.hauseit.com) explains how the US Dollar's reserve currency status helps US real estate investors, and why having the world's reserve currency is such an "exorbitant privilege." Save money when buying, selling and renting real estate in New York and Florida with Hauseit (https://www.hauseit.com). Available in NYC, Long Island, the Hudson Valley and South Florida. Established 2014. . Why does the US Dollar's reserve currency status benefit property investors? Well there's a term called the "Petrodollar" which I'm sure you've heard of before. It essentially refers to key commodities such as oil and really commodities in general, typically being traded in dollars. After all, commodities must be traded in one currency and thus it might as well be the reserve currency. Ostensibly this was set up post-1944 with the Bretton Woods agreement to make trading internationally easier by being denominated primarily in the currency of the world's hegemon, the United States, with a separate trading system of course for the Soviet Bloc at the time. This is a key benefit for the country that issues a reserve currency because it can never face a crisis of imported inflation, meaning if it needs to import commodities it can never suffer an inflationary depression from a devaluing currency because it can always print more of the same currency. It controls that currency and any imports it needs are denominated in its own currency. This helps keep inflation low in the country issuing the reserve currency and this is why having the world's reserve currency is referred to as an especially exorbitant privilege. Now what does this have to do with real estate? Well, because people need to keep US dollars to trade commodities throughout the world, it arguably makes sense to keep reserves of US Dollars. This is exactly what countries and central banks around the world do. For example, large though declining percentages of central bank reserves are still denominated in US Dollars and other minor reserve currencies such as the Euro and Yen. As a corollary to that investors will also want other US assets besides US treasuries, for example US real estate. And thus US real estate attracts foreign investment inflows and thus helps keep the price high and this is why having the world's reserve currency is ultimately good for property owners in the United States. . Save money when buying, selling and renting real estate in New York and Florida with Hauseit (https://www.hauseit.com). Available in NYC, Long Island, the Hudson Valley and South Florida. Established 2014. Hauseit Group LLC, Licensed Real Estate Broker Tel: +1 (888) 494-8258 Email: team@hauseit.com _ #hauseit #hauseitnyc #hauseitmiami #hauseitsouthflorida #hauseitlongisland #hauseithudsonvalley #hauseitwestchester #hauseitrealestate #hauseitrealestate

Chris at Hauseit (https://www.hauseit.com) goes over why home insurance premiums are so expensive in the Florida market, and why even condo unit owners are facing steep increases in their interior only insurance premiums. Save money when buying, selling and renting real estate in New York and Florida with Hauseit (https://www.hauseit.com). Available in NYC, Long Island, the Hudson Valley and South Florida. Established 2014. . Why are home insurance premiums so unaffordable in Florida? Well there are two main reasons. The first one you may have already heard of and that is because Florida is a hurricane prone state. It faces potential hurricanes both from the East and the West, and depending on your view on climate change, severe weather risks may actually increase over time prompting insurers to re-evaluate their risks and to increase their premiums. The second reason is the high number of costly Insurance lawsuits and fraud in Florida. Florida only accounts for a minority of claims but a vast majority, 79 percent, of all insurance related lawsuits. As you've heard in the news, oftentimes contractors will come to neighborhoods after a severe weather event to ask homeowners to essentially assign their right to file claim to them so then they can typically replace a roof, even when perhaps a total rebuild is not necessary. But they essentially promise a free roof to homeowners and because they have been assigned the right to file claim they'll file a claim for the full amount, and when it's disputed by the insurance company inevitably they will then typically work with attorneys to file a lawsuit for the entire higher amount. Either way the insurance company loses because they either have to settle out of court and pay the requested full amount or fight costly litigation. This has caused many insurers to exit the Florida market or go bankrupt. In fact for the past two years insurers in Florida have run a significant loss in the billions of dollars range. Fortunately legislation has recently been signed by Governor DeSantis of Florida to help ameliorate the situation. You can learn more at hauseit.com plus you can learn how to save six percent when you sell and two percent or more when you buy with a Hauseit buyer closing credit at hauseit.com. . Save money when buying, selling and renting real estate in New York and Florida with Hauseit (https://www.hauseit.com). Available in NYC, Long Island, the Hudson Valley and South Florida. Established 2014. Hauseit Group LLC, Licensed Real Estate Broker Tel: +1 (888) 494-8258 Email: team@hauseit.com _ #hauseit #hauseitnyc #hauseitmiami #hauseitsouthflorida #hauseitlongisland #hauseithudsonvalley #hauseitwestchester #hauseitrealestate #hauseitrealestate

Chris at Hauseit (https://www.hauseit.com) goes over why inflation is bad for rental property owners. While most people view real estate as an inflation hedge asset, we explain why inflation can also be bad for owners of investment properties. Save money when buying, selling and renting real estate in New York and Florida with Hauseit (https://www.hauseit.com). Available in NYC, Long Island, the Hudson Valley and South Florida. Established 2014. . While it's true that rental property owners can try to increase rent to keep up with the rate of inflation, investors need to realize that their own associated costs of owning property can and will likely substantially increase as well. For example, if you have an investment condo unit, then your common charges might increase substantially to cover increases in costs for running the building. Your property taxes might increase as well as the local government needs more money to provide municipal services. The cost of your home insurance premium is bound to increase as well, especially with supply chain issues and labor shortages all having an inflationary effect on replacement cost. Furthermore, if you have a mortgage that is or has become floating rate, then inflation often means the Fed raising interest rates. This means your mortgage interest rate will also go up, costing you more money every month. And lastly, everything from maintenance to repairs, like the cost of hiring a handyman or plumber will go up in an inflationary environment. So inflation generally isn't good for anyone, even rental property owners! . Save money when buying, selling and renting real estate in New York and Florida with Hauseit (https://www.hauseit.com). Available in NYC, Long Island, the Hudson Valley and South Florida. Established 2014. Hauseit Group LLC, Licensed Real Estate Broker Tel: +1 (888) 494-8258 Email: team@hauseit.com _ #hauseit #nycrealestateinvesting #nycapartment #manhattancondo #brooklyncondo #queenscondo #condovscoop #sublettingrestrictions #rentalrestrictionsnyc #nyclandlord #investmentproperty #newyorkcityrealestate #hauseitbuyerclosingcredit #landlordtenantlaws

Chris at Hauseit (https://www.hauseit.com) goes over what happens if the buyer defaults on a real estate purchase contract. Save money when buying, selling and renting real estate in New York and Florida with Hauseit (https://www.hauseit.com). Available in NYC, Long Island, the Hudson Valley and South Florida. Established 2014. . What happens if the buyer defaults on the contract? Well, in the worst case scenario the seller will be able to retain the buyer's contract deposit, typically 10 percent of the contract price though this is of course negotiable. If the buyer defaults, furthermore per the standard purchase contract in New York the maximum that the seller is able to retain in damages is the contract deposit; therefore, the buyer does not have a risk typically per the standard purchase contract of being sued for more than the contract deposit. Of course, it doesn't always have to come to this as this is a pretty inflammatory step for the seller to take. Oftentimes something can be negotiated or perhaps the buyer is able to retain their deposit or at least some portion of it. Check us out at hauseit.com to learn more about how we can help you save money when you buy or sell property in New York or Florida. . Save money when buying, selling and renting real estate in New York and Florida with Hauseit (https://www.hauseit.com). Available in NYC, Long Island, the Hudson Valley and South Florida. Established 2014. Hauseit Group LLC, Licensed Real Estate Broker Tel: +1 (888) 494-8258 Email: team@hauseit.com _ #hauseit #nycrealestateinvesting #nycapartment #manhattancondo #brooklyncondo #queenscondo #condovscoop #sublettingrestrictions #rentalrestrictionsnyc #nyclandlord #investmentproperty #newyorkcityrealestate #hauseitbuyerclosingcredit #landlordtenantlaws

Chris at Hauseit (https://www.hauseit.com) goes over what happens if the common charges increase after a purchase contract has been signed, but before closing occurs. Save money when buying, selling and renting real estate in New York and Florida with Hauseit (https://www.hauseit.com). Available in NYC, Long Island, the Hudson Valley and South Florida. Established 2014. . What if the comment charges increase after a purchase contract has been signed? In that situation with the standard purchase contract in New York the buyer typically will have no right to cancel the contract; however, if the seller has misstated the amount of the common charges at the time of contract signing and has materially withheld this information then the standard purchase contract has terms for an amount of credit that the seller will give to the buyer: typically 12 times the understated amount so for example a $50 understatement of the common charges will result in a $600 credit to the buyer. Again these terms can be crossed out or negotiated and remember this only covers understatements of the actual common charges prior to the date of contract signing. If you want to learn more check us out at hauseit.com we can show you how to save up to six percent when you sell and up to two percent of more when you buy with a Hauseit Buyer Closing Credit. . Save money when buying, selling and renting real estate in New York and Florida with Hauseit (https://www.hauseit.com). Available in NYC, Long Island, the Hudson Valley and South Florida. Established 2014. Hauseit Group LLC, Licensed Real Estate Broker Tel: +1 (888) 494-8258 Email: team@hauseit.com _ #hauseit #nycrealestateinvesting #nycapartment #manhattancondo #brooklyncondo #queenscondo #condovscoop #sublettingrestrictions #rentalrestrictionsnyc #nyclandlord #investmentproperty #newyorkcityrealestate #hauseitbuyerclosingcredit #landlordtenantlaws

Chris at Hauseit (https://www.hauseit.com) goes over whether real estate agents are liable for inaccurate listing information for rentals and sales. Save money when buying, selling and renting real estate in New York and Florida with Hauseit (https://www.hauseit.com). Available in NYC, Long Island, the Hudson Valley and South Florida. Established 2014. . No, real estate brokers are typically not liable for inaccurate listing data or information especially when it comes to property sales where disputes and litigation is most likely to happen given the amount of money involved. Rentals are typically not disputed given the relatively small amount of cash involved, and the fact that renters see what they're renting, and after all, it's only a temporary leasing arrangement. For sales however, buyers often have "buyer's remorse," and try to cast blame for their buying decision on the real estate brokers involved. However, it's important to understand that the purchase contract specifically states that the buyer has done their own due diligence, and not relied on anything from the seller or the seller's agents or other representatives. In fact, the contract states that the buyer has perused the relevant building documents, or waived inspection of such, and are making the purchase completely on their own judgment and diligence. As a result, things like square footage and room count are specifically even mentioned in the contract as things that the buyer is not relying upon from the seller or their representatives. In New York, this concept is called "caveat emptor," or "buyer beware" in Latin. It basically makes the seller makes no representations, and the onus of due diligence is 100% on the buyer. . Save money when buying, selling and renting real estate in New York and Florida with Hauseit (https://www.hauseit.com). Available in NYC, Long Island, the Hudson Valley and South Florida. Established 2014. Hauseit Group LLC, Licensed Real Estate Broker Tel: +1 (888) 494-8258 Email: team@hauseit.com _ #hauseit #nycrealestateinvesting #nycapartment #manhattancondo #brooklyncondo #queenscondo #condovscoop #sublettingrestrictions #rentalrestrictionsnyc #nyclandlord #investmentproperty #newyorkcityrealestate #hauseitbuyerclosingcredit #landlordtenantlaws

Chris at Hauseit (https://www.hauseit.com) goes over whether condo sales and rentals require board approval in New York, and generally across the United States and in other states like Florida. Save money when buying, selling and renting real estate in New York and Florida with Hauseit (https://www.hauseit.com). Available in NYC, Long Island, the Hudson Valley and South Florida. Established 2014. . No, condos do not need board approval in New York, Florida or anywhere in the US. Condo unit owners are free to sell and lease their units as they please. To be clear, condo boards DO NOT have the right to approve prospective purchasers and renters of units in the building. In fact, condo boards only have the right of first refusal when it comes to condo sales and rentals, meaning they get the "first look" to take on the deal themselves on the same terms if they so choose, typically within 30 days of the building application being submitted. The bylaws typically state that condo boards automatically waive their right of first refusal if they don't respond within 30 days of the application being submitted. However, most condo boards will be reasonable enough to quickly issue the waiver, as the right of first refusal is almost never exercised. Why? Because condo boards will have an almost impossible time trying to get a supra-majority of all unit owners to agree to a massive special assessment to buy the condo on the same terms, or to lease the condo unit for no reason. Learn more about condo board's right of first refusal and how it works: https://www.hauseit.com/how-does-a-right-of-first-refusal-work-nyc/ . Save money when buying, selling and renting real estate in New York and Florida with Hauseit (https://www.hauseit.com). Available in NYC, Long Island, the Hudson Valley and South Florida. Established 2014. Hauseit Group LLC, Licensed Real Estate Broker Tel: +1 (888) 494-8258 Email: team@hauseit.com _ #hauseit #nycrealestateinvesting #nycapartment #manhattancondo #brooklyncondo #queenscondo #condovscoop #sublettingrestrictions #rentalrestrictionsnyc #nyclandlord #investmentproperty #newyorkcityrealestate #hauseitbuyerclosingcredit #landlordtenantlaws