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

… out that could mean entering into a postclosing possession agreement which allows a seller to remain in the apartment … date outlined in the contract  … The difference between a lease and a license … Although it looks like the seller is … parties different rights  A tenant has many more rights in NYC and New York State and any eviction proceeding would …

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

… Underground spoke to mortgage and real estate brokers to learn how to prepare financially for one of lifes biggest … credit score is higher than the conventional fixedrate loan options  According to Cohn a buyer should have a credit … property taxes are not included so they may not be more affordable in this regard after all Theres no onesizefitsall …

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

… closing costs or price it depends on the property type and location Some properties are so desirable that there are … 1 to 3 percent of the purchase price for the broker fee  … Bank fees … If youre taking out a mortgage expect to pay … who say they can do it for $1500 or dont specialize in NYC real estate closings  … Mansion tax … The mansion tax …

By Evelyn Battaglia |January 6, 2025 - 10:00AM