First-Time Buyers Week

… especially as the citys real estate market slows down In condos in particular youre much more likely to be able to buy with just 10 percent down With condos as long as you have a commitment letter from the bank … you might find wellpriced condos in areas like Upper Manhattan or Astoria notes Jana Angelakis of …

… elsewhere in the country The reason is manifold Coops and condos here are expensive and often out of reach for many … include the cost of upkeep for the building and taxes For condos the numbers are usually somewhat lower are called … Estate  That idea of a diamond in the rough doesnt exist in Manhattan anymore Theoretically its still there in the outer …

… in the city is just out of reachor too large a financial commitment to make especially if youre not sure youre … told of his experience buying a 10acre former dairy farm in the Catskills for $260000 while still renting a … and credit work she says And Robbie Gendels of National Cooperative Bank NCB  a Brick Underground sponsor agrees The …

… privacy has been living in the suburbs where he owns a home for a few years and commuting into the city for work … $250000 plus a discretionary bonus of $150000 Retirement $400000 Cash on hand for a down payment Shaun estimates hell … $12 million in liquid assets after the sale of his current home  Regular monthly expenses $13000 to $14000 this amount …

… facing most firsttime buyers is come up with the down payment  And if youre working aggressively to build the tens … in the nearish future so its better not to put your down payment savings in your retirement funds which could face … your assets Theres no tax efficient way to save for a down payment on a house says accountant Jonathan Medows  The …