Real Estate is one of those adult decisions that we all have to make in life, because it is often our biggest and most valuable investment. “My job is to educate you, the client, to present valuable and feasible options, and to make your dream a reality. This is my neck of the woods. New York is arguably the most fabulous city in the world for residency and investments”.
Ingrid is more than your typical real estate agent. She's an expert in everything NYC and then some!
Home…. Everyday above ground is a great day. If you disagree, try skipping one! Welcome to our Real Estate Blog... Real Estate is one of t...
TIPS for Renting OR Purchasing Real Estate in NEW YORK CITY! #4
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ALWAYS be 'Pre-Approved' before you contact a Broker, or ask him/her to help you secure a lender. Once you have identified an apartment/ house of interest, and after pre-approval you arrange to view. Be prepared to pay a down payment. Down payment, closing costs and other fees are a general total of at least 10%. You NEED a lawyer. In order to save you the headache and stress, always use a lawyer for due diligence. Your Broker submits an offer, and when it’s accepted the seller’s lawyer sends your lawyer the contract; you review and resend. Do your own professional inspection.
ALWAYS negotiate. Then you make arrangements for contract signing, and close the deal with the balance of the payment. Sales transactions generally take 1-2 months while a rental deal may take 1-2 days. The more prepared you are the easier and shorter the process. Some transactions have been closed within a week. Cash is King. Always choose a reliable and honest Broker to work with. Many brokers have access to the same inventory – there are only so many streets.
Make an appointment today! Call 917-946-8740! REFERRALS ARE ALWAYS WELCOME!
NB: Brokers don’t work for FREE, it’s their occupation, so be prepared to pay. Brokers are not TOUR GUIDES, it’s not a hobby. Especially for rentals – Sometimes the landlords pay a part of the fee, so you don’t have to pay OR all of it depending on the season, etc… so be reasonable. Rental fees range from 15% to zero. For Sales – the seller pays the brokers fee. Generally the brokers fee ranges between 6% – 4%. The fee is split between the two brokers representing the transaction. Living in New York City is like checking into an hotel – your accommodations reflect your budget. If you want more, you generally have to pay more. But it’s a lot of fun, and there’s no place else like it in the world.