closing
… … On a $1 million New York property with a mortgage expect title insurance that protects you and your lender to cost … around 4 percent of the purchase priceand if youre buying a coop versus a condo or house you dont need any at all … When … worth at the time the claim is made Haltman says Buying a coop You can skip title insurance altogether Title insurance …
… significant difference between buying a coop and a condo is the ownership structure says James Woods Esq managing … of theman estimated 75 percent of nonrental apartments in NYC are coops Condos are often more expensive than coops … sublet and resell easiermore on all of that below … What do condo and coop boards want to see from buyers … Both …
… whether the buyer requires financing and the board review process However there are several moving parts to each deal that could affect timing Woods says To expedite the process its important that the real estate attorneys and … sellers in every type of transaction We mobilize quickly to guide you through every aspect of your purchase or sale from …
