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.
2016 has been an incredible year of change, discovery, focus, creativity, balance, community, family and success. I am so incredibly thankful to my wife, family, friends, clients and colleagues for cheering me on before, during and after my decision to leap, and for continuing to support me throughout the past year as I rebuilt my […]
Welcome back to Part 4 of Purchasing an Apartment in New York City. The goal of this series is to help home buyers formulate a sound game plan to successfully purchase an apartment in NYC. In this installment, I will focus on the first of three major milestones in the purchase process – an Accepted […]
On a daily basis, I come into contact with clients who simply accept the notion that it is okay for a real estate professional to dodge the question, “What is your broker’s fee?” If you have ever used a broker in NYC, you have likely gotten this two word response; “It depends.” So, how do you outsmart the broker who dodges the question regarding fee?
I am often asked by clients about “good faith deposits” and whether they should be skeptical about providing a deposit when submitting an application for an apartment. The answer is, it depends. If the deposit is going to the landlord, that is likely above board. However, if the deposit is being paid to the broker, your skepticism is well founded and you should be prepared to ask MANY questions. I will prepare you for both scenarios…