Buying for the first time in NYC? Be sure to prep your finances first

Buying a house or apartment is likely the most serious … conventional fixedrate loan options  According to Cohn a buyer should have a credit score above 740 to get the most … … 2 Know other factors for qualifying  … Banks want to see more postclosing reserves and some lenders require that a …

By Evelyn Battaglia |January 21, 2025 - 1:30PM
Re-trading: Why some buyers renegotiate an agreed upon sales price and how sellers can cope

… known in the industry as retrading A retrade generally nets a buyer a small markdown of 1 to 5 percent and it can … on market Ritacco pointed out But if a buyer is not facing competition it is fair to make a request tied to an … rates he said That was a factor in a recent deal he completed in Harlem for a two bedroom two bath with a $1 …

By Jennifer White Karp |August 9, 2024 - 9:30AM
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 … sales price higher for the developer who has other units to sell Sometimes these credits are available for coops that … in the comps A closing cost guide for buyers and sellers in NYC  When you buy or sell in NYC you expect to pay various …

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