7 ways to compete with an all-cash offer

… buyers despite their solid finances she says The reason The selling price was too low Cash provides some level of …   Still theres no denying the allure of a cash offer to sellers If youre a buyer who needs financing to close a deal … and not so great for the sellerafter all by that point a property has been taken off the market for a month or so …

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

… their employment status and income level during the home buying process The buyer must promptly notify the … contingency Sellers with properties that have been on the market for threeplus months and have had multiple price … about two weeks after a board reviews and approves an application  Youre making your offer less competitive on a …

By Jennifer White Karp |March 21, 2023 - 9:30AM
How to read a NYC co-op or condo building’s financial statement

… questions to dig into When is the mortgage due  Is the current loan interest only which means the entire principal … term of the lease  Has the commercial tenant been paying rent During Covid many retail tenants and parking operators … conditions have been identified  Fannie Mae lenders are now asking managing agents to complete a very comprehensive …

By Emily Myers |February 22, 2023 - 3:30PM
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 can haggle not just over the price but in some cases whether the buyer or seller pays the flip tax or other closing costs so … points to lower your rate Still many borrowers want to know what leverage they have when it comes to negotiating the …

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