What sellers need to know about all-cash vs. mortgage-contingent offers in NYC

… might lose their deposit for some other reasonnamely the buildings financials or a low appraisal says Andrew Luftig … before says Jonathan D Schulz an agent at Corcoran who says boards are increasingly rejecting applications He recently … of reasons certain banks cant approve loans for certain buildings such as not having enough reserve funds or an …

By Evelyn Battaglia |May 25, 2023 - 2:45PM
7 ways to compete with an all-cash offer

… but the board cares about the purchase price and todays boards want a good price she says Editors note A previous … seller a buyers broker should come in with proof that the buildings been approved for a loan within the last six …

By Jennifer White Karp |May 16, 2023 - 10:30AM
Job cut jitters spur NYC buyers to ask for employment contingencies

… to back out if they lose their job or their employment status changes significantly during the buying process Most … market for threeplus months and have had multiple price drops are generally more inclined to accept employment …   … Buy … New Construction + Condos … Co-ops … buying … closing … contract … sellers … Job cut …

By Jennifer White Karp |March 21, 2023 - 9:30AM
What NYC buyers can expect to pay in closing costs

… When buying an apartment or townhouse in New York City youll need to cough up more than … Note that certain fees only kick in if you are getting a mortgage or are buying a condo or townhouse because coops do … not involve the sale of real property per se but rather the transfer of shares in a corporation … Bank fees … If you are …

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