Category: due diligence

Written by Eirik Davey-Gislason

Why Negotiation Expertise Matters More Than Ever in New York City Real Estate

Buying, selling, renting, or investing in New York City real estate has never been simple. Today’s market is shaped by fluctuating interest rates, affordability concerns, inflation, inventory shortages, regulatory changes, co-op board requirements, private listing debates, changing commission structures, and increasingly sophisticated buyers and sellers. Success requires more than access to listings or a polished marketing presentation. It requires negotiation, advocacy, collaboration, and strategy.

Written by Eirik Davey-Gislason

Mortgage Payments Explained: How Interest Rates Impact Buying Power

Homeowners live in their monthly payments, not the purchase price.
To illustrate this, we will compare two interest rates on a conventional 30-year fixed-rate mortgage: 6% and 7%. That 1% difference, often referred to as 100 basis points, represents the approximate swing between more favorable rates and the high-water mark seen in late 2024.
Rather than thinking in decimals, the most useful way to evaluate this change is in dollars.

Written by Eirik Davey-Gislason

Deadlines Within Deadlines: Cooperative Board Packages and Commitment Letters

The following article was written by the fine folks at Weidenbaum & Harari, LLP – an excellent real estate law firm in New York City. I have been enthusiastically recommending my buyers and sellers to Barry Weidenbaum for a decade and plan to continue doing so for the next decade to come. This – along with every article on their site – is a great read and worthwhile information for any co-op purchaser, so I thought it would be beneficial to my readers. Thank you Barry and enjoy the article!