Showing posts from January, 2020

NYC'S 25 Most Expensive Homes For Sale / Great things in NYC in 2019 / Hot properties / Ice Skating Rinks / Public Art Installations / Kids Fun...

NYC’s 25 most expensive homes for sale See the blockbuster homes currently on the market in New York City

13 good things that happened in NYC in 2019 There were reasons to be cheerful in 2019
Opulent Upper East Side mansion once listed for $114M, now wants $79M The home first hit the market five years ago with a jaw-dropping price tag

Downtown Brooklyn's Wild R.E. Boom / Hot Brooklyn Townhouses and Lofts / Williamsburg Rents Soar / "Gowanus Green" Development

Downtown Brooklyn’s wild development boom, mapped The transit-rich neighborhood is in the middle of a building boom

Charming Fort Greene townhouse wants $3.5M after modern revamp The house, which dates back to the 19th century, was recently gutted

Lively Brooklyn Heights loft in historic building seeks $2.6M It has nine-foot windows and plenty of details that allude to the landmarked structure’s past

The NYC Real Estate Purchase Process Explained: OFFER TO PURCHASE - Client question about moving forward with an offer

Client question about moving forward with an offer:

Good morning, Mr Hong.
In order to proceed, you have to prepare and present your financial statement to the sellers, for your offer to be accepted. 
Then, after the offer is accepted, the terms of the offer are sent to the Sellers attorney who prepares the contract of sale, so it can be sent out to your attorney. 
In NYC, you must have legal representation by an attorney, who will review the contract for you to make sure there are no issues or legal traps for you, the buyer, and also to review the building financials and legal docs to make sure the building ( coop) and the unit itself are sound and safe for your purchase. 
I have names of fantastic and reasonable attorneys for you. 
We can certainly ask for a closing date that works for you and your father, and the contract would reflect that. 
After the contract is fully signed ( by you, the buyer, and then, by the sellers) we have to prepare a purchase application ( the board pack…