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… One way to think of a closing credit is a quiet discountbecause the buyer gets a concession from the seller at the closing table … gets officially recorded will be significantly higher than what the seller actually pays which helps maintain a higher …
… laws and that forcing a seller to pay both sellers and buyers broker fees unfairly inflates commissions REBNY … cautiously in a market as complicated as NYC Heres more on what to consider regarding buyerpaid broker fees … … are the comps based on If any of those buyers received a closing credit for example those prices are inflatedand …
… When youre buying a newly built condo or one in the preconstruction … caught your eye Will the condo be finished on time What if there are problems with the construction Will these … plan is declared effective by the attorney general and closings can legally begin You might also have more room to …
… in the recent past you may be shocked by how big a bite closing costs can take out of your profit Most experts … of the purchase price to cover these fees and taxesdouble what buyers can expect to pay on their end That means youd have …
… If youre looking to buy a coop or condo in New York City and come across an … doesnt make sense you may be seeing the ripple effect of a closing credit a hushhush discount that sellers give to … value or condo sponsor who wants to maintain pricing so whats the problem Because the official price that gets …