What’s a Flip Tax?

What’s a Flip Tax? If you’re an apartment owner, you’ve probably heard of the dreaded “flip tax.” If you’re a buyer, the term may have never even crossed your mind. But regardless of which camp you fall into, it’s something you need to know about. First, a flip tax is not actually “tax” – it’s…

Closing Costs – What to Expect

Closing Costs – What to Expect You’ve got your down payment. You’re qualified to buy in the condo or co-op. And you’re all set with moving forward with a mortgage. What else is there to consider? Closing costs. It’s the thing that frequently catches both new buyers and new sellers off guard, and it’s something…

The Importance of Buyer Prequalification

The Importance of Buyer Prequalification Having offers come in for your property can be a wonderful thing. Especially if said offers are near, at or even above ask! But all parties making offers are not necessarily equal. A great offering price is important, but the qualifications of the buyer themselves is equally important. Why? No…