Find Your Home in New York

The real estate market is changing and your home value will change with it. To understand the present value of your home, speak with a real estate professional who is familiar with your local area market. They’ll complete a CMA, or Comparative Market Analysis, to arrive at an estimated home value. Learn how Realtors complete CMAs, and how a CMA differs from an appraisal.

There are a variety of fees associated with renting an apartment. You can expect to pay a broker fee, a rental insurance fee, an application fee, and a security deposit. You may be asked to pay a non-refundable move-in fee (typical with HOAs) or non-refundable move-out fee (typical for high-rises to reserve the elevator.) There are occasionally administrative fees and typically late rent fees. You may also be asked to pay a pet fee or pet deposit, an amenity fee, and/or a utility fee in some circumstances. Every apartment will have its own combination of these rental fees in addition to standard monthly rent. Make sure to ask your real estate professional or landlord for a full, written explanation of every fee you can definitely and possibly expect to pay prior to signing.

There are 4 main considerations when buying an investment property.

With hundreds of down payment assistance (DPA) programs available to homebuyers in New York, we’ve made searching for DPA easy by partnering with Down Payment Resource, an online database that flags listings that are eligible for housing assistance programs. Some of these programs are dependent on buyer qualifications and some are dependent on the property location, so its best to speak with a real estate professional about what your options are.

In 2022, the closed median sale price of a home in the OneKey MLS New York regional coverage area was $590,000, an increase of 6.30% from the reported $555,000 in 2021. Currently, experts are forecasting more stable, predictable conditions for 2023, but every local market area is unique. Speak with a real estate professional who can help you better understand your local market area conditions and help you determine if this is the best time for you to buy a home. Wondering if you should rent or buy? Check out our infographic with more information about the value of renting vs buying.