Ok. You want to buy property in New York City; you’re mostly interested in co-op buildings (they’re generally less expensive than condos, after all); but you’re financial situation isn’t ideal for passing a co-op board’s stringent rules. Is there any hope? Yes! Enter, the sponsor unit. (Queue bright white lights and angelic music now.) A […]
In today’s super competitive NYC real estate market, perspective buyers have to find creative ways to get a step ahead of the competition to get the properties they really want. One idea that often comes up is waiving the “financing contingency.” So, what does this mean, what are the risks involved, and when might it be a fine […]
It can be tough out there for buyers in NYC’s current super competitive market. Low inventory and high demand mean plenty of sales are going into multiple bid situations, causing a lot of would-be buyers to feel a little hopeless. Don’t worry. There IS a way. And, contrary to popular belief, it’s not always the […]
Thinking about moving to a new NYC neighborhood, but don’t know which one is right for you? Even if you’re working with a great real estate broker, you’ll need to be prepared to research crime statistics, schools, etc. on your own. Fair housing laws prevent brokers from suggesting specific neighborhoods to perspective buyers. So, if […]
Co-op vs. condo vs. condop: New York real estate brokers love to throw these terms around. But what, exactly, do they mean? What’s the real difference between a co-op and a condo — and what the heck is a condop? Here’s the rundown. Co-ops If you’re new to New York City, chances are you’re new to the […]