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BUYING A NEWLY BUILT TAX-ABATED CONDO IN LIC
Things to keep in mind when buying NEW:
Sponsors (Developers) are required by law to issue an offering plan that contains all information relevant to the sale of units, such as description of the neighborhood, details on construction, design and materials, projected operating budget, reserve and working capital funds, procedure to purchase, unit prices, monthly charges, and closing costs. It is important to engage a real estate attorney to perform due diligence on the project.
WHY INVEST IN ASTORIA, QUEENS?
This month I ask that you look over at the East River Waterfront and ask yourself, "What are they building over there?"
For years, real estate prognosticators have been saying that Astoria would be the Next Big Thing in New York real estate, and while it hasn’t seen a development boom on par with places like Williamsburg or Downtown Brooklyn, more and more apartments are coming to the Queens neighborhood._ Curbed NYC.
A BUYER'S TIMELINE for purchasing
Timeline Guide for Purchasing
Here are the steps you’ll take to find and close the apartment of your dreams.
Speak with a mortgage broker, bank, or financial advisor
Typical time frame: 1 – 3 weeks
It is important to have an idea of how much you can spend on an apartment prior to beginning your search. Keep in mind that financial requirements vary from building to building and bank to bank. In today’s mortgage market, it is strongly recommended that you get pre–approval for financing by a mortgage broker ASAP.
MORTGAGING THE PURCHASE OF YOUR NEW HOME
WealthFocus
Buying a home
Whether you’re a novice or you’re experienced in the home buying market, here are some things to think about as you move forward in the process
The benefits of cash In “hot” real estate markets, cash buyers often come out ahead. Even if you ultimately intend to put a mortgage on your new home, presenting a cash offer can be an important factor in determining whether the home becomes yours.
TOP 5 WAYS TO BUILD PERSONAL CREDIT
It is extremely important to understand the credit scoring landscape in order to have the most opportunity to achieve financial success and freedom. In my line of work, buyers, renters, and even sellers need to understand their credit, their power to borrow, and their risk in the market.
Below are 5 ways to build personal credit straight out of college and into the workforce. Your dream of owning a home, renting in your favorite neighborhood, and having the lifestyle you want is all a process. Consistency is key! Read On...
A GUIDE TO NYC CLOSING COSTS
One of the most surprising aspects of buying or selling a New York City apartment—and thus, one of the more stressful—is the amount you'll spend on closing costs, potentially tens of thousands of dollars that get tacked onto the purchase or sale of a home.
OLD BONES ATTRACTING YOUNG RESIDENTS
New York City traces its origin to its 1624 founding in Lower Manhattan as a trading post by colonists of the Dutch Republic and was named New Amsterdam in 1626. [1] Much of lower Manhattan's streetscape is not uniform and grid like as compared to upper Manhattan because of early settlers carving both roads for horse and buggy and dykes for ships and cargo. Much remnants of 17th century colonial life in New York City can be seen from existing g buildings and structures today.
1Q 2017 WHAT'S GOING ON OUT THERE IN THE MARKET?
This month I continue to be confronted with the following conversations, “ Oh! You’re in real estate? So what’s the market like?” Not only am I now a living and breathing source of transactional data, market news, and reliable neighborhood recommendations but I wanted to take a moment to outline what exactly is, “going on” since the close of 2016
PRICING OUTDOOR SPACE
Private outdoor space in New York City is a luxury to say the least. Whether you're peering over from your balcony to buzz up the delivery man, sipping your morning coffee on your terrace, watching the sunset from your rooftop cabana or grilling shrimps in the garden with your friends – a balcony, terrace, cabana, or garden space is just about as "outdoorsy" as it gets in NYC.
WANT IN ON A SECRET?- BUYER'S AGENT EXPLAINED
According to the NYS Agency Disclosure Agreement:
"Buyer’s Agent A buyer’s agent is an agent who is engaged by a buyer to represent the buyer’s interests. The buyer’s agent does this by negotiating the purchase of a home at a price and on terms acceptable to the buyer. A buyer’s agent has, without limitation, the following fiduciary duties…
TEAMING UP WITH AN AGENT
We personally pride ourselves in putting in the time to search for properties, share market insights with you, and negotiate on your behalf before we arrive at the closing table. Having a refined group of professionals in my network allows me to offer a smooth and seamless transaction.
Rising Rates & Your Power to Purchase in NYC
Over the Holiday I was enthralled by a classic work of cinematic art- It’s a Wonderful Life by Frank Capra This 1946 classic tells the story of protagonist George Bailey, played by James Steward, a dreamer pulled into being a realist when his father suddenly dies and he is moved to..