Latest from the Blog

Property Condition Disclosure Act Amendments Take Effect March 20, 2024

The Property Condition Disclosure Act (PCDA) has long required home sellers in New York to provide buyers a form called the Property Condition Disclosure Statement (PCDS) or give buyers a $500.00 credit. Sellers usually chose to provide the credit. However, on March 20, 2024, the $500.00 credit will no longer be an option. Sellers of…

What Are Co-op Maintenance Fees and Assessments?

If you’re thinking about buying a co-op, you’ve probably heard about maintenance fees and assessments. The monthly maintenance fee you pay covers expenses the co-op incurs running and maintaining the building. This fee can cover, among other things, utilities, staff salaries, managing agent costs, insurance, planned capital improvements like a new lobby or painting the…

The Benefits of Condominium Ownership

When you buy a home, it’s important to take into account your lifestyle and your short- and long-term goals. The amenities and cost and location advantages of condo ownership may fit your lifestyle and goals much better than owning a single-family home. A major advantage of living in a condominium is the reduced maintenance burden.…