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

… assume allcash offers are safer than offers that are contingent on mortgage approval which allow buyers to walk away … 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 to read a NYC co-op or condo building’s financial statement

… statement at any point in the process to help figure out how much to bid and streamline communications with your … there increases andor assessments planned for the future Does the building have a reserve fund and is it adequate How … the biggest expenses for a coop or condo is complying with Local Law 11 which deals with the facade Finding out about …

By Emily Myers |February 22, 2023 - 3:30PM
How much do NYC sellers pay for closing costs?

… recent past you may be shocked by how big a bite closing costs can take out of your profit  Most experts advise allocating a whopping 8 to 10 percent of the purchase price to cover these fees and taxesdouble what buyers can expect to pay on their end That means youd have to fork over $80000 to …

By Evelyn Battaglia |January 9, 2023 - 12:30PM
Can you negotiate the rate and terms of your mortgage when you're buying in NYC?

… … Negotiations play a big part in the buying process in NYCyou … are the terms or the rate negotiable … Buy … Negotiating + Financing … closing … jumbo loans … mortgage … Can you …

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