What is a post-closing possession agreement and what are the risks for buyers and sellers?

… a good strategy for beating the competition is to find out what the seller wants and be the buyer who meets their needs … you really really have your heart set on the place  … What the possible penalties are for the seller … With a … agreement should be in civil court or supreme court … What coops may require … Boards are not parties or …

By Brick Underground |July 16, 2025 - 12:30PM
Buying for the first time in NYC? Be sure to prep your finances first

… to critical questions about what you can afford whether a coop or condo makes better financial sense for you and how to budget for closing costs and monthly maintenance or common charges  … for a mortgage Without it you will have a difficult time getting a loan  Daniel Blatman a broker at Compass …

By Evelyn Battaglia |January 21, 2025 - 1:30PM
The buyer's and seller's guide to NYC closing costs

… closing costs take a serious bite out of the proceeds For buyers they can have a tangible impact on your purchasing … at The Stone Law Firm Read on for an overview of what youll pay in closing coststhe actual sum will vary widelyand some … to pay 2 to 4 percent of the purchase price of a coop condo or townhouse  … A good rule of thumb is to set aside …

By Evelyn Battaglia |January 6, 2025 - 10:00AM
Closing credits: Here's how much NYC sellers are paying now—and how to negotiate your own deal sweetener

… One way to think of a closing credit is a quiet discountbecause the buyer gets a … for the developer who has other units to sell Sometimes these credits are available for coops that are difficult to sell for some reason like an …

By Evelyn Battaglia |January 31, 2024 - 3:30PM