New york is full of variety, and the real estate is no exception. There’s a lot to consider when choosing what type of building you want to live in. Sure, it’s good to keep an open mind when you’re first starting to look for a new apartment, but having a general idea of what type of […]
If you’re thinking of buying or selling a co-op or condo in New York, chances are you’ve heard talk of the building’s offering plan. So, just what is an offering plan, anyway, and why do attorneys care so much about what’s in it (and, for that matter, why should you care)? Top NYC real estate attorney Sandy Schwartz, Partner at […]
You’ve found the condo of your dreams, your offer is accepted, then your lender tells you they can’t give you a mortgage because the condo isn’t “warrantable.” What the f**k does that mean? Here’s the deal… When a bank makes a loan, they intend to eventually sell that loan on the secondary market — to […]
So, you’ve finally closed on your new home. At long last, the place is yours. You’ve got your keys and you’re ready to go. Not so fast. In all the excitement of closing on a new property, many buyers fail to keep track of the mounds of paperwork their attorney hands over after the deal […]
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 […]