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New York City Realtor KAREN KOSTIW

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Archives for February 2018

When a Pre-Approval Is Not a Pre-Approval

As a good rule of thumb, it’s always in a prospective buyer’s best interest to get a pre-approval for a mortgage when making an offer on a new home, but it’s especially important in a tight, competitive market. Why? In essence, it gives sellers relative assurance that you’re financially capable of purchasing the property they’re selling—something that a verbal commitment just can’t do. Getting Continue Reading

Plan Today In Preparation of Tomorrow

Life is too short to spend too much of our time worrying about ourselves or a loved one becoming ill or dying. There’s no escaping the inevitable, however, and it’s extremely important to prepare for anything and everything to ensure that our wishes and the wishes of our loved ones are carried out. When it comes to assets and belongings the best preparation starts with a list. It should be Continue Reading

Estate

New Interpretation of the “Ability to Pay Rule” and a Surviving Family Member

Losing a close friend or family member can be very difficult on an emotional level, however, it can also be challenging from an estate management perspective as well. In many cases, surviving loved ones must quickly learn the financial and legal ramifications involved with real property included in an estate. To ensure a more seamless transition process is implemented when these life situations Continue Reading

Location, Location, Location

Real Estate Mantra Location, Location, Location Lookie loos, prospective buyers, and real estate professionals all enjoy exploring available homes in all shapes and sizes, both near and far.  We delight in fantasizing and dreaming big.  When it is time to get serious and purchase a property. Not all home sizes and locations will meet our design aesthetic, personal needs, or budget. A Continue Reading

Permits for a Fence

Even the Mayor Requires a Permit

The Mayor of New York, Bill de Blasio was apparently dreaming of Mark Twain’s “The Adventures of Tom Sawyer” when he neglected to file for permits before putting up a new fence at Gracie Mansion.  If you recall, Tom Sawyer famously persuades the local children to do his chore of painting the all-American white picket fence while getting paid for the privilege to do so.   As noted in a Continue Reading

Home Renovations

Renovation Plans and Permits

  Home renovations are time-consuming and costly, so establishing—and sticking to—a strategy to stay on budget is critical. And too often, in an effort to stay on budget, property owners cut corners that will ultimately come back to haunt them when they seek to sell their homes. Side-stepping the permits, licenses, and approvals needed for any improvement is all too common, but doing so Continue Reading

The Best Built Home In America

Perhaps you’ve seen a caravan of flatbed trucks, one after another—complete with its own police escort—transporting large boxes encased in a protective seal travelling on the highway or local road. Most likely, these boxes aren’t floats for a local parade or a shipment of government drones. Rather, they’re home modules on their way to a home site for a new commercial or residential Continue Reading

Selling a Home through Proper Marketing

While it’s true that homes and properties are the heart of the real estate market, marketing plays a significant role in facilitating the best price in the shortest timeframe. I actually can’t stress enough how important marketing is. Simply put, it’s not enough to have a great property. As I think about the importance that marketing plays, one specific listing comes to mind. On the day of an open Continue Reading

CEMA: A Strategy to Save Money at the Closing Table

CEMA: A Strategy to Save Money at the Closing Table

. Purchasing a new home can be an expensive venture.  And it involves quite a bit more than just the price of a property.  In order to close on a property, buyers always face a bevy of settlement costs. This includes everything from loan origination fees to appraisal charges to credit report costs. According to the Federal Reserve as a general rule of thumb, buyers spend 3% of their Continue Reading

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124 Hudson Street
New York NY, 10013


Karen Kostiw
(917) 524-4152 Cell
(212) 327-9622 Office
(646) 422-4083 Fax

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