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

… committed to closing on the deal Even buyers who are fully financeable get nervous that they might lose their deposit … in liquidity while the higher bidder was only looking to finance 50 percent and earns a solid sevenfigure income as a … get an extra $300000 End of story The seller went with the financed deal because it made more sense  If you are selling …

By Evelyn Battaglia |May 25, 2023 - 2:45PM
7 ways to compete with an all-cash offer

… The board turned down both buyers despite their solid finances she says The reason The selling price was too low … but be professional … When bids are similar sometimes personalities can seal it in one direction or the other In … letters could raise fair housing issues because they offer personal information in order to sway a seller and details …

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

… What is the potential liability What is the buildings history of maintenancecommon charges increases andor … new minimum reserve fund level To the untrained eye details about the reserve fund might not be obvious in a financial … with Local Law 11 which deals with the facade Finding out about repairsincluding those proscribed by Local Law 11is …

By Emily Myers |February 22, 2023 - 3:30PM