The Buying Process Steps
Buying an apartment can be a very intimidating process, particularly in the New York real estate market, specially if you've never done it before. It doesnt have be, I am here to guide you during the entire home buying process
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Depending on your situation, I will introduce you, either to a mortgage broker or a mortgage banker. This is a key element that you must take into account before you start the process of searching for a new home.
Apartment offers are made orally in New York City. When you have found the ideal home, a bid or offer will be placed through your real estate agent. They will convey your offer to either the seller’s agent or to the seller directly.
New York real estate is comprised mainly of cooperative and condominium apartments with a smaller selection of private homes, called townhouses or brownstones. Most important is understanding the differences between the two types of NYC apartments
Managing agents generally set the date for closings, and lawyers for sellers and buyers coordinate with the appropriate banks on available dates and times. Next is to get your keys and plan your move. Congratulations you did it!