PARENTS BUYING FOR SON OR DAUGHTER in NYC
One of our specialty as Manhattan New York condo specialists is to help many parents from out of town or out of country selecting the best suitable condo for their son or daughter that is currently renting in Manhattan New York.
Buying condo in Manhattan New York can be complicated and stressful if you are not team up with the right agent as this is a very unique market place unlike anywhere else in the country or world. Many parents who are buying for their son/daughter that goes to school (New York University, Parsons school of design, School of Visual Arts, Columbia University, music school, other well known schools) or simple work in Manhattan New York.
Few key steps to prepare and understand before your home search
- Time frame - is your son or daughter current renting an apartment? This is important to know so you can plan ahead.
- 45 days to 60 days IF YOU PLAN ON PURCHASE IT ALL CASH, cash means money in your bank account, this does NOT include any offshore financing or creative financing. (this does not include New development or new construction buildings. If new buildings, it can be much longer depending on the building, or it can be quick) Typically, the quickest we can close would be 45 days. If it is a cooperative, then it can be 90 or more days subject to condo board approval. If it is new construction condo, it can be two weeks up to unknown period of time depending on construction stage.
- 60 days or LONGER if FINANCING: If you are planning on financing this investment, be sure to speak to a local Manhattan lender that is familiarize with the market, the lending rules, and the mortgage products that may be suitable for you and your son/daughter.
- Result Oriented and Diligent Real Estate Agent: We are the market experts to educate you the housing market. Based on our detail discussion when you contact us, we will then customize a home search for you and plan all the necessary steps ahead prior to your trip to NYC. You can read about our other Happy Buyers' Testimonials about us here: (http://manhattannycondosforsale.com/testimonial-past-clients/)
Smart and savvy buyers work with agents like ourselves, contact us today at (917)837-8869 to experience result oriented agents.
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