7 ways to compete with an all-cash offer

… As the saying goes cash is king New York City buyers who pay all cash instead of financing part of their purchase can … options like a mortgage contingency And these days allcash buyers are more predominant According to Jonathan Miller …

By Jennifer White Karp |May 16, 2023 - 10:30AM
When you're buying a NYC co-op, is it risky to skip the home inspection?

… coop contracts call for all systems and appliances to be delivered in working order unless theres a specific item identified as being delivered in as is condition  A buyer is then given the … would be and whether it would affect your decisionmaking My experience recently is that inspections are very pro …

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

… costs can take out of your profit  Most experts advise allocating a whopping 8 to 10 percent of the purchase price to cover these fees and taxesdouble what buyers can expect to pay on their end That means youd have … done in a soft market sellers face covering some of the buyers closing costs at the negotiating table Double ouch …

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 financial stretch especially when interest rates are on the rise Plus coops … that amount Depending on the type of property you are buying closing costs can run from 2 to 4 percent of the …

By Evelyn Battaglia |January 5, 2023 - 1:30PM