What’s Up With Down Payment?

Originally posted on Unreal Estate:
I am often asked by buyers, “Why does the seller care about my down payment amount? As long as I am satisfying the building’s down payment requirement, and the bank has approved the loan, aren’t they getting their money at the closing table whether I ‘put down’ 20%, 50% or 100%?”…

Purchasing an Apartment in New York City, Part 7: The Package has been Delivered, The Baby’s in the Crib, The Eagle has Landed, The Fox is in the Henhouse – Management & Board Review

Welcome to Part 7 of my ongoing blog series, “Purchasing an Apartment in New York City”. In Part 6 of the series – “The Bank” – I focused on the role your lending institution plays in the purchase process, assuming you are financing a portion of purchase. In Part 7, I will attempt to mentally prepare […]