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

… deposit if they fail to get financing But even cash offers can fall through if the buyer cant come up with all the funds which happens This is helpful intel now that cash offers are outpacing contingent … or sellers market After all the end goal remains the same You want to find a buyer who can close on the deal in a …

By Evelyn Battaglia |May 25, 2023 - 2:45PM
Job cut jitters spur NYC buyers to ask for employment contingencies

… Spooked by layoffs in the tech industry New York City buyers are asking for exit clauses to be added to contracts … can make coop and condo boards particularly nervous … How does an employment contingency work … An employment … job has their hours reduced to the point where they no longer meet the lenders qualification requirements or …

By Jennifer White Karp |March 21, 2023 - 9:30AM