Real-life buyers on the mistakes they made and what they learned from buying in NYC for the first time

April 6, 2017 By Lucy Cohen Blatter As the adage goes: Live and learn. But in New York City, you could easily tweak it to “buy and learn.” Purchasing property here is an expensive and challenging proposition, and the only people who can give true, concrete advice are those who’ve gone through it. Below, first-time NYC buyers share ...

How to Buy a Co-op Apartment in NYC: Here’s How the Process Works

June 10, 2016 By Cate Corcoran Purchasing a home in New York City can be daunting to the uninitiated — and for those looking to buy a co-op, the process is even more intense. A co-op is a special kind of apartment with its own arcane buying procedure. It’s essential to understand the steps and avoid pitfalls such as working with lenders who don’t ...

5 hidden costs of owning a brownstone

There are few buildings more iconic in New York City than the classic brownstone, a type of building that emerged in the 1830s, when a new urban middle class of New Yorkers sought a home that looked fancier than brick and was more durable than wood. Brownstone, which is a type of sandstone that gets its dark brown color from high concentrations of iron, ...

Read Here Before You Even Consider Combining Two Apartments

April 11, 2016 By Leah Hochbaum Rosner   Feel like you’ve been searching forever yet still can’t seem to find the perfect three-bedroom? Maybe it’s time you find two separate units and merge them together in order to build your dream home. Bond New York’s Jo-Anne Sinnott and Douglas Elliman’s Nadia Bartolucci and Rachel Altschuler —plus ...

What you need to know before buying an apartment in a brownstone

By Leah Hochman March 14, 2016 Does brownstone living seem infinitely preferable to life in a big building? We spoke with Miron Properties broker Amuche Chukudebelu, who frequently works with these types of apartments, for this week’s Buy Curious. THE WISH LIST: I’m finally in the market to buy an apartment and I’m focusing on brownstone neighborhoods. ...

How to Finance a House—With Everything in It

Will mortgage lenders finance furnishings when buyers want the house and all the stuff inside? By Anya Martin You want to buy the house—but only if it comes with the boat out back. The owner may agree to the deal, but your lender probably won’t include it in the mortgage. In New York’s tony Hamptons, real-estate agent Diane Saatchi says she ...

Board Talk

BOARD TALK Frederick Peters  |  President, Warburg Realty There is a widening gap between the price of co-ops and the price of new condominiums. While much of this has to do with the ease involved in purchasing something utterly new, there is also a considerable benefit in the eyes of many buyers to the fact that they do not need to contemplate ...

MEET THE DEAL KILLERS: 8 OBSTACLES TO A SALE, AND HOW TO OVERCOME THEM

by Lucy Cohen Blatter Think an accepted offer means you’re all set to buy or sell that apartment of yours? Not always. In the high stakes game of New York City real estate, the road from accepted bid to signing on the dotted line can be full of hairpin turns. While experts say that the vast majority of accepted bids lead to sales, deals can ...

A New Weapon for Bidding Wars

By LISA PREVOST In response to the fierce competition for homes in healthy metropolitan markets like those surrounding New York City, some mortgage lenders are taking steps to put buyers who must borrow on par with those offering to pay in cash. Buyers in need of financing are finding they are at a disadvantage in competitive markets. Because inventory ...

A WHO’S WHO–AND WHO DOES WHAT–GUIDE TO BUYING A NYC APARTMENT

Not All Questions Can Be Answered by Google BY: TRIPP WHETSELL It may take only two to tango, but to buy real estate in NYC, it takes a village. Knowing who does what and which functions they perform ahead of time can give you a leg up on the process. The cast of characters you’ll need on your side when you take the plunge: 1. Real estate ...