{"id":14,"date":"2022-10-13T08:05:52","date_gmt":"2022-10-13T08:05:52","guid":{"rendered":"http:\/\/nvg-realty.com\/faq\/"},"modified":"2025-08-04T13:27:20","modified_gmt":"2025-08-04T18:27:20","slug":"faq","status":"publish","type":"page","link":"https:\/\/nvg-realty.com\/en\/faq\/","title":{"rendered":"FAQ"},"content":{"rendered":"
<\/div><\/div>\n\n\n\n
\n
FAQ<\/span>

Frequently Asked Questions<\/h2><\/div>
<\/div><\/div><\/div>\n\n\n
What is the current status of the real\nestate market in New York?<\/strong><\/span><\/div>

The market is dynamic with variations according to the zone, but in\ngeneral it is robust and has high demand.<\/p><\/div><\/div>

Which are\nthe typical closing costs when buying a house in the city?<\/strong><\/span><\/div>

Costs will range from 2-5% of the home price; this amount includes\ntaxes, legal fees and commissions.<\/p><\/div><\/div>

Which neighborhoods in\nNew York offer you the best value for your money?<\/strong><\/span><\/div>

Neighborhoods such as Washington Heights and\nQueens can offer your more affordable options without sacrificing the convenience and\naccesibility of services.<\/p><\/div><\/div>

How does a mortgate affect that\ncapacity to buy?<\/strong><\/span><\/div>

A good credit score will make it easier to get a mortgage\nwith favorable interest rates and broadens the availability of financing alternatives.<\/p><\/div><\/div>

How long does it take\nto close a real estate deal in New York?<\/strong><\/span><\/div>

The process can last from 60 to 90 days, depending on several factors such as\nfinancing and inspection.<\/p><\/div><\/div>

Which\nadditional maintenance expenses should I consider when buying a home?<\/strong><\/span><\/div>

Aside from the mortgage, you should consider monthly maintenance expenses and\npossible appraisals of the building.<\/p><\/div><\/div>

How does the condition\nof the market affect the price of rent in the city?<\/strong><\/span><\/div>

Supply and Demand influences the prices for rentals; during periods of\nhigh demand, prices tend to go up.<\/p><\/div><\/div>

What factors impact\nthe appreciation of a property in New York?<\/strong><\/span><\/div>

Properties can appreciate when there are improvements to the local infraestructure,\neconomic growth and further development of urbanistic projects.<\/p><\/div><\/div>

What are the\ntypical requirements for renting an apartment in New York?<\/strong><\/strong><\/span><\/div>

An usual requirement is to demonstrate annual income equivalent to 40\nto 50 times the monthly cost of rent and have a good credit history.<\/p><\/div><\/div>

Is it recommended to\nwork with a realtor in New York?<\/strong><\/span><\/div>

Definitely an experienced realtor can\noffer their local knowledge and facilitate the process to negotiate on your behalf and get the best\nterms.<\/p><\/div><\/div><\/div>\n\n\n

\n
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HELPING YOU\nREACH YOUR DREAMS<\/h2><\/div>
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Trust\nus to help turn your dreams of home ownership into reality. We are here for you!<\/p><\/div><\/div>\n\n\n\n

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