7 ways to compete with an all-cash offer

… is king New York City buyers who pay all cash instead of financing part of their purchase can usually expect to close … there were more cash buyersit is because buyers who need financing are sitting on the sidelines as a result of … clients who can afford to pay all cash sometimes take some financing Youd be surprised to see the highend apartments …

By Jennifer White Karp |May 16, 2023 - 10:30AM
How to read a NYC co-op or condo building’s financial statement

… an important part of your due diligence is to look at a buildings financial health Your starting point is reading … read So you may be relieved to know that the responsibility for making sense of it will fall largely on your real estate … important given recent changes to borrowing guidelines by Fannie Mae that have curtailed banks willingness to lend if …

By Emily Myers |February 22, 2023 - 3:30PM
When you're buying a NYC co-op, is it risky to skip the home inspection?

…     … A home inspection for a coop or condo in New York City isnt … a broker at Corcoran  says inspections are conducted in about 15 percent of the deals she does Either way she makes sure to provide a checklist for buyers reminding them to test outlets appliances and water …

By Emily Myers |January 17, 2023 - 9:30AM
How much do NYC sellers pay for closing costs?

… Unless youve sold an apartment or townhouse in New York City in the recent … the purchase price to cover these fees and taxesdouble what buyers can expect to pay on their end That means youd have … that provides a way to quietly test your asking price and your marketing strategy among reallife …

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 … on top of a down payment So its important to first factor closing costs into your total output and then to make all … attorney fees which are usually passed on to the buyers for NYC new construction  That said in a soft market you might …

By Evelyn Battaglia |January 5, 2023 - 1:30PM
What NYC buyers can expect to pay in closing costs

… based on factors such as type of property price point and financing so I run actual numbers for clients using the … of shares in a corporation … Bank fees … If you are financing the purchase with a mortgage prepare to pay $3000 … or coop sponsor to pay for transfer taxes as part of the negotiationsespecially if a  developer has just a few units …

By Evelyn Battaglia |December 19, 2022 - 12:30PM