THE NY STATE BUDGET HAS BEEN ADOPTED, BUT WILL IT FIND A HOME?
The 2020 Fiscal Year Budget has been adopted and includes significant changes to state Transfer Taxes and the Mansion Tax. So, what is the impact on buyer and sellers in NYC?
Tag: banks
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 […]
Purchasing an Apartment in New York City, Part 6: The Bank
Assuming you are financing a portion of your purchase, the bank will play an important role in the success and timing of the overall process. Therefore, it is important to have some insight into the role your mortgage professional and the bank play, and the behind the scenes process of obtaining a loan.
Purchasing an Apartment in New York City, Part 5: The Board Package
Welcome back to Part 5 of my home buying series, Purchasing an Apartment in New York City. It’s time to address everyone’s favorite part of the purchase process – The Board Package!!! OK I admit, an entire article devoted to the board package is not sexy and usually ends with an unhappy buyer, a lawsuit or a nap. Well, not this […]
Purchasing An Apartment In New York City, Part 3: Perfecting Your Pick and Roll
Welcome back to Part 3 of Purchasing An Apartment In New York City. The goal of this series is to help NYC home buyers formulate a sound game plan in an effort to maximize the possibility of “winning” an apartment. A critical component of any successful game plan is creativity and “out of the box” […]
Purchasing An Apartment In New York City, Part 2: Understanding Your Opponent
If you haven’t read Part 1 of Purchasing An Apartment In New York City, I recommend doing so. In Part 1, I addressed Preparation. Understanding the market, financial requirements to purchase (from both a down payment and debt-to-income perspective), as well as your strengths and weaknesses as a buyer are essential to “winning” an apartment […]
