Does rent-to-own make sense in NYC? #rent #the #car http://nef2.com/does-rent-to-own-make-sense-in-nyc-rent-the-car/ #rent to own apartments # Does rent-to-own make sense in NYC? This $1.098m 1bed/1bath condo at the William Beaver House in FiDi is also offered on a rent-to-own basis. Test driving isn’t just for cars. Occasionally, condos and even co-ops come with a rent-to-own option, in which some or all of your rent over a...
A Consolidation Extension and Modification Agreement (CEMA) loan can save money for buyers and refinancers on condos, houses and townhomes. CEMA is not an option for purchasing co-ops because they are not considered real property—so a Mortgage recording tax does not apply. Yet while CEMA is common in the commercial real estate community, it’s still largely unknown by many in residential real estate. #http://www.warburgrealty.com/blog/?p=3486
Co-ops have long been a part of NYC’s real estate market, but did you know the very first co-op building was founded in 1720 in France after a fire created a housing shortage? Read all about the evolution and development of co-op living courtesy of The Cooperator, The Co-op & Condo Monthly. Call AKAM Sales & Brokerage today to schedule a time to visit some beautiful co-ops currently on the market. We’ll talk to you soon at 212.271.0284.
While buyer demand is picking up, many consumers increasingly are finding fewer choices in housing these days. The number of homes for sale continues to remain at record lows with the nationwide inventory of for-sale single-family homes, condos, townhomes, and co-ops is about 19 percent below inventory levels from a year ago, Realtor.com reports in its analysis of July housing data of 146 markets.