I'm in contract on an UES co-op and I just found out there's a $20,000 assessment to fix the fireplace. Do I have to pay?

… often include a term in the contract which states that buyers are not excused from their obligations to close if … situations as a buyer you accept the risk that costs may change over time  However in some contracts the seller … carefully review any agreement you entered into with the law firm … Woodburning fireplaces are being phased out … …

By Emily Myers |July 24, 2023 - 9:30AM
How to read a NYC co-op or condo building’s financial statement

… When youre buying a coop or condo in New York City an important part of your due … you an indication of whether a lender will approve your mortgage application  Pro Tip … Dont be afraid of coops in … Matthew Steer of SteerKelly Team at Keller Williams As your broker its our job to make sure you qualify for the building …

By Emily Myers |February 22, 2023 - 3:30PM
How much do NYC sellers pay for closing costs?

… To find out what buyers are willing to pay for your coop condo or brownstone consider discreetly premarketing it New … that provides a way to quietly test your asking price and your marketing strategy among reallife … but a fee paid to support building reserves and capital improvements   In some buildings the buyer pays and in …

By Evelyn Battaglia |January 9, 2023 - 12:30PM
5 ways NYC buyers can lower their closing costs

… For many people being able to buy an apartment or townhouse in New York City is a … stretch especially when interest rates are on the rise Plus coops typically require ample cash reserves on top of a down … of the purchase pricemore like 5 percent for brandnew condos Read Bricks closing costs guide for a breakdown Thats …

By Evelyn Battaglia |January 5, 2023 - 1:30PM
Can you negotiate the rate and terms of your mortgage when you're buying in NYC?

… … Negotiations play a big part in the buying process in NYCyou can haggle not just over the price but in some cases whether the buyer or seller pays the flip tax or other closing costs so … points to lower your rate Still many borrowers want to know what leverage they have when it comes to negotiating the …

By Emily Myers |December 19, 2022 - 9:30AM