The PropertyClub Blog

Hard money loans are short-term, high-interest loans typically used by real estate investors to finance properties. Unlike traditional bank loans, which are based on the borrower's creditworthiness and income, hard money loans are primarily based on the value of the property being used as collateral.

Installing a new furnace is a moderate expense for the average household, with the average cost being $3,500. However, the exact cost of replacing a furnace can vary widely depending on several factors, including the type of furnace, the size of the unit, the complexity of the installation, and the region where you live.

The New York City Mortgage Recording Tax (MRT) rate is 1.8% for loans lower than $500,000 and 1.925% for loans of $500,000 or more. Our guide to the NYC MRT will help you better understand this closing cost, including who pays it, how to calculate it, and how to avoid or lower your overall mortgage tax liability.

Emotional support animals (ESA) provide essential comfort and companionship to their owner. Many buildings don’t allow pets unless they are classified as emotional support animals (ESA), but not just any pet can be certified as an emotional support animal.

The duration for which an appraisal is good depends on the lending institution's requirements, but it is typically between 90 and 120 days. For most conventional loans, an appraisal is typically valid for 90 days. However, this can be extended up to 120 days in some cases, depending on the lender's policies. For FHA loans, appraisals are generally valid for 120 days, while for VA loans, they can be valid for up to 6 months.

Moving can be stressful and expensive, but with a little planning and knowledge, you can make the transition from Brooklyn to Queens smooth and cost-effective. Whether you're relocating for work, family, or a change of scenery, understanding the costs involved is crucial for budgeting and peace of mind. 

In many areas of the United States, the market remains highly competitive, favoring sellers. Nationally, the median sales price of homes continues to rise, which also favors sellers. However, some regions are experiencing an increase in home inventory, which provides buyers with more options​​. Overall, market trends can vary significantly by region.

A brownstone is a type of residential building typically found in urban areas, most famously in New York City. These buildings are characterized by their distinctive reddish-brown sandstone facades, which give them their name. In cities like New York, brownstone townhouses are some of the most prestigious and iconic residential properties you can buy.

A triple net lease (NNN lease) is a commercial lease agreement in which the tenant agrees to pay all property expenses in addition to the base rent. These expenses typically include property taxes, insurance, and maintenance costs. This type of lease is commonly used for retail properties, office buildings, and industrial spaces. Here’s what you need to know about NNN leases. 

An appraisal gap clause is a provision in a real estate purchase contract that addresses the situation where the property's appraised value comes in lower than the purchase price. This clause specifies how the difference (gap) between the appraisal value and the purchase price will be handled.

Are you looking for a city that aligns with your progressive values but also keeps your wallet happy? Look no further! This blog will explore some of the most affordable cities/towns in the US where you can enjoy a vibrant, liberal community without breaking the bank. 

Popcorn ceilings, also known as acoustic ceilings, became popular from the 1950s to the 1980s for several reasons, including their acoustic benefits, practical appeal, and affordability.