When reviewing a buyer's post closing liquidity most coops want a certain amount of liquid cash in the bank. For coops retirement accounts, 401K, and IRAs won't count toward this arrangement. They prefer cash in the bank. While stocks and mutual funds are liquid, you should not have only that asset...

Every contract will have a closing date. For this example let's say July 1 is the closing date in the contract. Now deals in NYC don't actually have to close on that exact date. With coops and condos, most deals will not close on said closing date due to time for board approval, mortgage process...

A common question and it really is up to you if you want to engage the extra cost. With a buyers broker you will need to offer some sort of commission like 2.5% or 3% to the broker if they close the sale.

Pros:

1. you can get more people looking...
   Learn more 10 Jun

101 North 5th Street - first went for an aggressive price and then changed course with a strong price. Once the price was dropped to 699K from 749K, the apartment received multiple offers and is in contract for just below the original asking price. Pricing effectively is a key in any market and...

As soon as someone wants to make an offer on your apartment, you should request these 3 items.

1) offer form - detailing the terms of the offer. ie. contingent vs non contingent, % down, pre approved for mortgage..etc

2) Financial Form - detailing the financial make up of the buyers....

Some people like to write long prose about the apartment and use many adjectives to describe every nuance. From what I have found over 12 years is that most people don't read everything in the description and overly long descriptions have diminishing values. You are better off writing concise, fact...

When you are about to sell you will need to identify two (2) people at the managing agent's office who will be your key contacts. They are:

1) the account executive: the person that manages your specific building

2) the transfer agent: the person who handles sales in your building

They...

So you have your place on the market and you have received some offers. Now how do you handle the multiple offer scenario?

If you have 2 or more offers and they are at asking or very close to asking, you would be fine to employ a best and final for the buyers to submit their best and final...

In today's market pre qualification is extremely weak and pre approval is the standard if you will be financing. The reason for this is during pre approval the bank looks deep at your finances and earnings to determine your loan worthiness. For all buyers who are using financing, they should be...