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 … most effective and one of the most nervewrackingways to compete against all cash is to waive the mortgage …

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

… clauses to be added to contracts in case they lose their jobs before the contract is signed This unusual escape plan … and allows the buyer to back out if they lose their job or their employment status changes significantly during … date If prior to the closing date the buyer loses their job has their hours reduced to the point where they no …

By Jennifer White Karp |March 21, 2023 - 9:30AM
5 ways NYC buyers can lower their closing costs

… a financial stretch especially when interest rates are on the rise Plus coops typically require ample cash reserves on … certain incentives to purchasers such as free common charges for a year transfer taxes paid on behalf of … sales  Along those lines Vickey Barron a broker at Compass  who has represented many luxury developments offers this tip …

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

… bridge a gap that may seem too wide for some The following guide provides estimates for common line items As always you … been practicing  The cost of title insurance can vary but 045 percent of the sale price is a general rule of thumb … and 1425 percent on purchases of $500000 or more plus a 04 percent transfer tax to the state Thats $14250 on a $1 …

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