faq: Who pays the agents' commission when renting in New York city?
- 06/29/12 08:23 AM
Who pays the agents' commission when renting in New York city? Our out of town investor buyers often buy multiple condo units when they are in town visit, we educate them about the market and many differences compare to other parts of the country or world. Many of our condo owners are not familiar with NYC condo market, when they buy an investment property, they ask who pays for renter agent's commission when they rent out their NYC Condo. There is no black and white answer, it really depend on how active the rental market is. In today's rental market (Summer … (8 comments)
faq: What neighborhood in Manhattan New York is good to invest? (FAQ#10)
- 06/09/12 12:15 AM
What neighborhood in Manhattan New York is good to invest? Manhattan New York is a very dynamic city with many vibrant neighborhoods. Many buyers contact us and like to own a piece of Manhattan New York, they either have been in this city before or have family in New York right now and would like to diversify their investment portfolio and include a NYC condo in it. We often get the question What Neighborhood in Manhattan New York is good to invest, there is no one answer for everyone. Before we can answer this question or for the buyer to determine, … (8 comments)
faq: How much is two bedroom condo with Central Park views? (FAQ#9)
- 06/08/12 05:30 AM
How much is two bedroom condo with Central Park views? Many of our foreign international buyers love Central Park and would like to buy a two bedroom condo with Central Park view, this question is often asked and this is a question that has a lot of different answers because it depends on a number of variable's, most importantly if you are looking within a certain building and specifically what type of Central Park View are you looking for? These two questions will quickly help determine the price point and then we can start to go into the secondary questions such as apartment condition, size, amenities, … (6 comments)
faq: What are these scaffolding around NYC buildings all the time?(FAQ#8)
- 06/08/12 01:55 AM
What are these scaffolding around different NYC buildings all the time? Those scaffolding or sidewalk sheds are part of a New York City Building Law concerning maintaining and repairing a building's exterior facade. Specifically, it's called Local Law 11, and it's quite common place.Local Law 11 requires an inspection every 5 years of a building's facade for building's higher than 6 stories. So you can deduct that for a place like New York City, with 1000's of building's higher than 6 stories, you will see these scaffolding quite often.The importance of Local Law 11 is to ensure the safety of the pedestrians … (7 comments)
faq: What kind of mortgage can foreign buyers get to buy NYC condos?(FAQ#7)
- 06/06/12 07:30 AM
What kind of mortgage can foreign international buyers get to buy NYC condos? A good majority of our buyers are foreign international buyers from either Asia or Europe. Many buyers decide to buy so they have a place to stay when they come visit New York city, owning a place is much nicer and comfortable instead of staying at hotels. Buying a condo in NYC also it is a good way for these buyers to diversify their assets and investments, oversea buyers rely on our expertise in finding them the best Manhattan NY condo that will suit their needs. Foreign international … (9 comments)
faq: Do I have to attend the Closing in Manhattan New York (FAQ#6)
- 06/04/12 04:22 AM
Do I have to attend the Closing in Manhattan New York (FAQ#6) Manhattan New York is an international and culturally diverse city, many of our buyers or sellers have homes in different parts of United States or world, almost every single of our deal either the buyer or the seller do not live in Manhattan full time. Therefore buyers or sellers have always asked us if they need to attend the closing? In Manhattan New York condo sales, there are many parties involved in a transaction: 2 or more attorneys, 2 Real Estate agents, Buyers and sellers, Title company, Mortgage … (1 comments)
faq: What kind of people live in this building or neighborhood (FAQ#5)?
- 06/02/12 12:17 AM
What kind of people live in this building or neighborhood (FAQ#5)? Many buyers we work with sometimes ask us questions about the building and neighborhood. The most common question would be "What kind of people live in this building or neighborhood?". The answer is, by fair housing law, we as licensed sales professionals, we are not allow to discuss that with our buyers. The Fair Housing Act prohibits discrimination in housing on the basis of: Race or color National origin Religion Sex Familial status (families with children) Disability Surely you as a buyers have the rights to buy a home in … (9 comments)
faq: What kind of NYC property can foreign international buyers buy?(FAQ#4)
- 06/01/12 04:34 AM
What kind of NYC property can foreign international buyers buy? (FAQ#4) Manhattan New York is an unique housing market, we have condominiums, cooperatives, townhouse and multi-use buildings. Majority of our buyers purchase condos because of its liberal sublet policy allowing our buyers to collect rental income and it is easy to maintain or manage. Unlike cooperatives, condo do not require the buyers to be US residents, and do not required in person interview with the board. We also recommend condos because of the higher value appreciation and investment values compare to cooperatives in the same neighborhood and area. In Manhattan New … (3 comments)
faq: How much discount can I get as an ALL CASH buyer (FAQ #3)?
- 05/30/12 02:22 AM
How much discount can I get as an ALL CASH buyer (FAQ #3)? Manhattan is a city full very successful entrepreneurs and high earning top executives of many industries. In this big city, many buyers pay for their property all cash without needing a mortgage. In today's market place, we are seeing many sales are all cash in all price range. From out of town parents buying for children all cash one/two bedroom units at $1M-$2M range to successful business people investing over $8M all cash, in today's market place, over 75% of our buyers are all cash and serious buyers. … (11 comments)
faq: What is an ALL CASH offer (FAQ#2)?
- 05/29/12 04:17 AM
What is an ALL CASH offer (FAQ#2)?This seems so simple and self explanatory, isn't it? We thought so too. Until we see many buyers come to us with many variations of 'ALL CASH OFFER'.IN TRUE DEFINITION (and probably in the rest of the country or world), all cash offer means: you have all the cash in your personal bank account or you have the liquid asset such as stocks and bonds to convert into cash in the matter of few days. All cash offer is NOT the following:- Home equity loan from another one of your property=NOT ALL CASH OFFER. If you have to borrow money from the bank, this … (14 comments)
faq: As a foreign buyer how much down payment I need to buy a NYC Condo ?
- 05/26/12 11:21 PM
As a foreign buyer how much down payment I need to a NYC condo (FAQ#1)? There is no short answer to this question, based on our successful experience with helping foreign United States buyer's with their purchase of a NYC condo we can give you some examples. If you research home on different Real Estate websites, often you see buildings only require a 10% down payment for condos. However, keep in mind this is only condo building's requirement, and if one plans to financing, bank will have their own down payment requirements.
If you are foreigner-international buyer without any US citizenship, green card … (7 comments)
faq: Frequent Asked Questions for Manhattan New York Real Estate-Best of 2011
- 12/28/11 11:02 AM
Manhattan New York is an unique Real Estate market place compare to anywhere else in United States or the world. The housing inventory consist of majority of cooperatives, some condominiums, and few townhouses. We work with serious and motivated buyers in various price ranges to find the perfect home for them. There are often list of frequent asked questions that we answered. Here are some highlights for most Frequent asked Questions. Question #1, How to make an offer in Manhattan New York, here in Manhattan New York, Real Estate agents do not write the contract of sales, we use Real Estate … (22 comments)
New York City Manhattan Real Estate, Bilingual Chinese Speaking Real Estate Agent specialize in Manhattan Condominium market such as Resale Condominiums, New Construction, PreConstruction condos. We work with Oversea foreign buyers, Investors. We Specialize in neighborhoods: Upper West Side, Chelsea, Midtown West, Midtown East, Greenwich Village, Soho, Union Square, Financial District in Manhattan, Williamsburg Brooklyn and Long Island City Queens.
Who pays the agents' commission when renting in New York city? Our out of town investor buyers often buy multiple condo units when they are in town visit, we educate them about the market and many differences compare to other parts of the country or world. Many of our condo owners are not familiar with NYC condo market, when they buy an investment property, they ask who pays for renter agent's commission when they rent out their NYC Condo. There is no black and white answer, it really depend on how active the rental market is. In today's rental market (Summer … (8 comments)
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