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

… that are contingent on mortgage approval which allow buyers to walk away from the contract and keep their deposit if … banking uncertainty says Lindsay Barton Barrett a broker at Douglas Elliman  So why bother considering an offer thats … amount of time and with the least amount of headaches Whats more having an exit strategy via a contingency doesnt …

By Evelyn Battaglia |May 25, 2023 - 2:45PM
How much do NYC sellers pay for closing costs?

New York City in the recent past you may be shocked by how big a bite closing costs can take out of your profit  Most … paying off any outstanding mortgage balance Ouch  Plus to get deals done in a soft market sellers face covering some … be very hesitant to negotiate that down to save costs … Transfer taxes … This being NYC sellers of coops condos and …

By Evelyn Battaglia |January 9, 2023 - 12:30PM
What NYC buyers can expect to pay in closing costs

… When buying an apartment or townhouse in New York City youll need to … not involve the sale of real property per se but rather the transfer of shares in a corporation … Bank fees … If you are … must pay a state and city mortgage tax of 1925 percent on loans over $500000 or 18 percent for loans under $500000 …

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