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Question: Are the closing costs different for coops and condos? Answer: Coops and condominiums have several major differences in closing costs. Coops will often impose a tax on the Seller, at the time of closing called a "flip tax" which could be a percentage of the sale price, or could be based on the amount [...]

Question: Is it true that, at the closing of an apartment purchase, I must tip the title representative? Answer: A title closer is typically retained on an independent contractor basis to represent the title insurance company. Hired on a per contract basis, or a per project basis, title closers are service providers and their remuneration [...]

Question: I am moving to a pre-war apartment and I'm concerned about lead. What can I do to ensure my safety? Answer: Prior to 1978, little was known about the potential hazards of lead-based paint. In the early 1970's, research began to show that exposure to lead was a major health hazard. Peeling, chipping, chalking, [...]