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

… now that cash offers are outpacing contingent offers in New York City as buyers look to avoid high mortgage interest … carrying charges in the bank postclosing says Maggie Leigh Marshall a broker at Douglas Elliman If you are still … partners that we work with directly so it doesnt really become a problem for us Thats good news for buyers and …

By Evelyn Battaglia |May 25, 2023 - 2:45PM
When you're buying a NYC co-op, is it risky to skip the home inspection?

… does Either way she makes sure to provide a checklist for buyers reminding them to test outlets appliances and water … the opportunity to do a final walkthrough 48 hours before closing to ensure the contractual obligations have been met by the seller If there is an issue found at the final walkthrough …

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

… in the recent past you may be shocked by how big a bite closing costs can take out of your profit  Most experts … the purchase price to cover these fees and taxesdouble what buyers can expect to pay on their end That means youd have … balance Ouch  Plus to get deals done in a soft market sellers face covering some of the buyers closing costs at …

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

… on top of a down payment So its important to first factor closing costs into your total output and then to make all … opportunities to negotiate closing costs And remember The seller pays your brokers fee too Read the following to be an … 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

… When buying an apartment or townhouse in New York City youll need … Every sale triggers fees and taxes that must be paid at closing timeincluding some only in New York costs  Indeed … asking for a  closing credit  to get the deal done Some sellers are not flexible when it comes to the purchase price …

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