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NEW YORK CITY –A FEW TERMINOLOGIES TO KNOW

NEW YORK CITY –A FEW TERMINOLOGIES TO KNOW

TYPES OF BUILDINGS BROWNSTONES OR TOWNHOUSES  These are typically 4 to 6 story buildings built in the 1800’s through the early 1900’s. They are either single family houses or have been converted over the years into multiple apartments. As a...

FINANCING THE PURCHASE OF A HOME

FINANCING THE PURCHASE OF A HOME

Unless you are planning on doing an all cash deal, you will need to obtain financing to purchase your home.  Your current income and projected future earnings, assets and credit will impact your ability to obtain a mortgage. GET PRE-APPROVED FOR A MORTGAGE The...

UNDERSTANDING NEW YORK CITY HOUSING MARKET

UNDERSTANDING NEW YORK CITY HOUSING MARKET

The New York City housing market consist primarily of three types of homes. Cooperatives, Condominiums, and Townhouses. Cooperatives has the largest portion of the market, accounting for approximately 75% of all homes.   COOPERATIVES (CO-OP) A co-op is a...

LIVING IN NEW YORK CITY—A PRIVILEGE?

LIVING IN NEW YORK CITY—A PRIVILEGE?

Living in one of the most desirable cities, New York City, is increasingly becoming more of a privilege and access to this privilege requires homeowners to pay BIG TIME—in the BIG APPLE. Known for its skyscrapers and for its rapid rise in newly built developments, NYC...

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