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

… Melnick Darouvar Gershburg says most agreements are fairly short such as a week to 10 days although he has negotiated … does not vacate after the outside date she said  The legal term for these per diem costs is liquidated damages or … date outlined in the contract  … The difference between a lease and a license … Although it looks like the seller is …

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

Buying a house or apartment is likely the most serious financial commitment youll ever make and New York Citys complicated real estate … questions about what you can afford whether a coop or condo makes better financial sense for you and how to budget …

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

… Whether youre buying or selling real estate in New York City you face hefty … 1 to 3 percent of the purchase price for the broker fee  … Bank fees … If youre taking out a mortgage expect to pay … a $1 million condo with an $800000 mortgage thats $15400 … Transfer taxes sponsor coop and new condo buyers only … If …

By Evelyn Battaglia |January 6, 2025 - 10:00AM
How to attract an all-cash offer for your NYC property

… estate firm NextStopNY Real Estate   If youre looking to sell your apartment this yearand score an allcash offer in … sale but a lower price … A cash deal may be attractive to a seller because it provides more certainty and speed Roth … in a position to favor a competing higher bid from a buyer using financing who waives a  mortgage contingency a clause …

By Celia Young |May 24, 2024 - 12:30PM