Buying for the first time in NYC? Be sure to prep your finances first

… According to Cohn a buyer should have a credit score above 740 to secure the most competitive rate but there are plenty … only to a propertys mortgage and carrying costs maintenance fees taxes student loans and any other monthly debt count … and taxes as well as mortgage attorney and building fees which vary depending on whether youre purchasing a coop …

By Evelyn Battaglia |January 14, 2026 - 11:30AM
10 steps for creating a stellar co-op or condo board application

… are limited to exercising their right of first refusal meaning  they have the option to buy a condo from a … details on how responsible you are a letter from your current management company confirming that you pay rent or … says  Providing a sample reference letter with the names redacted can be a helpful guide Or you could remind them of …

By Evelyn Battaglia |February 12, 2025 - 12:30PM
The buyer's and seller's guide to NYC closing costs

… only … Condo and townhouse buyers who take out a mortgage must pay a state and city mortgage tax of 1925 percent on … a 6 percent broker fee comes to $60000 Now a seller must make a separate compensation offer directly to the … to do it To make it worthwhile however the sellers mortgage must have enough principal left to pay off In addition both …

By Evelyn Battaglia |January 6, 2025 - 10:00AM