I'm in contract on an UES co-op and I just found out there's a $20,000 assessment to fix the fireplace. Do I have to pay?

… … Your rights between contract and closing will depend on the wording of the contract our experts say This is why it … increases in maintenance or assessments says attorney Hal Coopersmith a partner at Coopersmith Coopersmith   … Your … is accepted you want to make sure your closing attorney reviews  at least two years of the coops financial …

By Emily Myers |July 24, 2023 - 9:30AM
7 ways to compete with an all-cash offer

… has been taken off the market for a month or so This is why the most effective and one of the most nervewrackingways … Along these lines another option is to allow the seller to rent the apartment back until they are ready to move Brick … case in which a buyer was willing to let a seller live rentfree for a short period after the closingthis helped …

By Jennifer White Karp |May 16, 2023 - 10:30AM
How to read a NYC co-op or condo building’s financial statement

… When youre buying a coop or condo in New York City an important part of your due diligence is to look at a buildings financial …

By Emily Myers |February 22, 2023 - 3:30PM
Can you negotiate the rate and terms of your mortgage when you're buying in NYC?

… terms and rate of a mortgage The answer is Sort of Mortgage rates are determined by the market but also by the risk you present as a borrower  With mortgage rates high and the economic future uncertain its currently … of risk  Even so lender guidelines do allow for better rates and terms in exchange for a lower risk transaction So …

By Emily Myers |December 19, 2022 - 9:30AM