NYC Real Estate News by Fernando Branco, Real Estate Broker, GRI, ABR, CNE - Fernando Branco Realty

DO YOU HAVE QUESTIONS? LET US HELP YOU!  Fernando & Team Fernando Branco , GRI, ABR, CNE PRINCIPAL BROKER Residential Real Estate Commercial Sales & Leasing  Graduate Realtor Institute (GRI)  Accredited Buyer Representative (ABR)  Certified Negotiator Expert (CNE) Fernando Branco Realty 162 Huntington St, Ste 1R, Brooklyn, NY 11231 c: (212) 321-0115 e: Team@fernandobrancorealty.com Working by referral. Let us help you find a home too!! Fair Housing - Agency - Covid19 Disclosures

Good morning, Eric.  In Manhattan, there’s no signed offer.  The deal-related docs (with the terms of the offer and Condo docs) were sent to both seller’s and your attorneys.  The seller’s attorney will prepare the first draft of the contract and send it to your attorney (Steve Ebbin & Diana Umansky).  Meanwhile, Steve & Diana will start the due diligence work, looking through the Condo’s offering plan, financials, etc., to make sure there are no major issues, pending litigation, and/or anything else that could be a potential risk for you as a new owner.  Steve & Diana will also negotiate clauses in the contract to protect your (buyer's) interests.  Once Steve & Diana finish their due diligence work and the contract negotiations, they will present you their findings and give you the negotiated contract for you to sign (likely Electronically) since you’re not in NYC.  At that point, you will make your deposit (likely via a wire) of 10% of the purchase price.  The sig